The most important thing to check is whether the new bookkeeper is doing a bank reconciliation. The bank reconciliation is THE task that needs to be completed each time you want to review the financials. It ensures that the cash transactions entered in the accounting system is identical to the cash transactions appearing on the bank statement. What the hell does this mean? This diagram will assist
For the accounting system to be reliable, the bank reconciliation report must always prove that the cash balance shown on the accounting system is identical to what is shown on the bank statement as illustrated above. Only then will you know that the data entry has been correct.