Benefits:
401(k) matching
Paid time off
Mitigation, restoration, data entry The bookkeeper's role
In the context of disaster recovery, mitigation and restoration are distinct but related processes, both of which generate significant data requiring precise entry and management by a skilled bookkeeper:
Focus: Taking actions to reduce the severity or impact of potential future disasters.
Examples: Installing flood barriers, reinforcing buildings, implementing early warning systems, securing financial backups for bookkeeping operations.
Data Entry Aspects: A bookkeeper will record the costs associated with these preventative measures, tracking expenses for materials, labor, and relevant services using DASH, the program used at Divine Restoration all information need per job.
Focus: Repairing or replacing damaged items and restoring the affected area to its pre-disaster condition.
Examples: Cleaning up water damage, rebuilding structures after a fire, replacing damaged equipment, and restoring accounting data.
Data Entry Aspects: This involves meticulous record-keeping of all expenses incurred during the recovery process. This includes tracking cleanup costs, property damage, inventory replacement, and insurance proceeds. A bookkeeper is crucial for:
Tracking Costs: Precisely documenting expenses related to repairs, materials, labor, and associated services.
Handling Insurance Claims: Recording claim amounts as receivables, meticulously linking them to the associated losses, and managing the inflow of funds from insurance payouts.
Financial Accuracy: Ensuring the accuracy and reliability of financial figures throughout the recovery process by diligently recording all transactions. YOU MUST HAVE EXPERIENCE WITH QUICKBOOKS AND DASH
Data Organization: Maintaining organized and detailed records of all financial transactions related to mitigation and restoration efforts, including expenses, insurance claims, and grant funds.
Reporting: Providing comprehensive financial reports to help business leaders make informed decisions, manage cash flow, and identify cost-cutting opportunities during the recovery phase
Compliance: Ensuring compliance with tax regulations
Audit Support: Maintaining readily accessible documentation to facilitate audits, whether by internal teams, external auditors, or governmental agencies involved in disaster relief efforts, says The University of Tennessee System.
In essence, the bookkeeper acts as the financial steward of the mitigation and restoration process, ensuring that all financial transactions are accurately recorded, properly managed, and readily available for informed decision-making and smooth recovery operations