Accounting Department Operations: COVID-19 - Remote Work for Accounting Departments
CO-CREATE | CO-DEVELOP | DELIVER
By: Danielle Supkis Cheek, CPA, CFE, CVA
The switch to remote work is here and most companies are going through the immediate needs of continuing daily operations as best they can. However, there is a second phase of urgent modifications companies need to be ready for after getting the most immediate needs addressed.
Some accounting departments are going to have trouble with shifting to an extended remote work schedule. While checks have almost all but gone away for personal finances, checks are still the most common form of payment in most B2B operations, due to the low costs associated with checks (as compared to merchant fees) and the historically simple operational workflow for companies.
Below are priority levels to consider depending on your company’s situation:
This white paper contains general information only. Pannell Kerr Forster of Texas, P.C. (PKF Texas) is not rendering accounting, business, financial, investment, legal, tax or other professional advice or services. This information sheet is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor.