Improve your accountants job review process

If ever an accountant needs a reason the best reason for subscribing to Reviewit is to save money. How does that work?

Sign up it’s simple.

There is a one off 12 month subscription which covers your whole practice for as many reviews as you like.
Set up is simple you simply need to add your personalisation logo etc. Then add your doers and reviewers. Then you are ready to start reviewing your accounting jobs.
On completion of the review a file containing the review will be sent to you for record.
The Reviewit suite currently covers Profit and Loss, Balance Sheet and Tax as well as a final review check.

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Small details can often be missed during busy periods such as month ends. Correcting these takes up a lot of time. The checklists allow me to take a step back and overview the set of accounts and identify what was wrong.

Saving for competitiveness

If ever an accountant needs a reason the best reason for subscribing to Reviewit is to save money. How does that work?

Have you ever counted the time spent reviewing Juniors and trainees work and picking up minor mistakes and omissions especially those which they are capable and should have spotted whilst they are doing the job. Are you also adding the same review point multiple times. Saving this non-productive time makes your practice more competitive.

Every Practice will have different levels of management time attributed to this but what will be a common fact is that there is time spent on this function. During trials carried out in 2021 as much as 50% management time attributed to this activity was saved by the practice.

Savings go further with Reviewit

But it doesn’t end with saving in management time. Having used the system for a prolonged period the operators are also finding that it is saving them time because of the road map effect. A series of checked stages means that the trainee is guided through the production steps when undertaking the job.

The checklist prompt you to go back and check your workings, you think you have covered everything, but the checklists can show you what you have missed.

It makes the process of finalising accounts more streamlined picking up on errors that have been repeated. This make work more consistent especially because everyone is following the same checking procedure

It’s about quality

The benefit does not end with time saving. What our experience also discovered was that trainee’s performance improved. The checklist produce a new level of understanding as they are working on jobs, they became more adapt to spotting errors view the job more holistically. Excellent preparation for development and being capable of harnessing responsibility in the future.

This is not a management tool to put pressure or constrain employees it is a self-measure technique which helps junior staff to develop and improve on the job. The monitoring part provides data to help a member of staff to improve the quality of their work by ensuring critical but obvious criteria are met. This is particularly advantageous in a remote working environment.

Evidence matters to most

By maintaining a record of these forms there is evidence that a quality review has been done for each job. If a review is required there is now a record that it has been done. A self-audit of the job has been carried out and there is now a record of it to go with the job.

It helps you to remember balance sheet working papers that you might have missed out on the accounts preparation

If you aren't convinced, here's what some of our customers say

Often I would miss out small details especially during busy periods such as month end. I found that my corrections where taking up a lot of my time as there would be a lot more to sort out. I felt as though I struggled to take a step back and look over a set of accounts and ask myself what looks wrong. The review sheets help me to do this.

I think it makes the process of finalising accounts more streamlined and saves time because there are certain things that need covering each time – it is more consistent because each individual is covering the same points for each job

I think the checklists really prompt you to go back and check your workings as sometimes you think you have covered everything, but the checklist reminds you of something you have missed

If you have missed something on the accounts it helps you to remember such as balance sheet working paper and disclosures.

When my practice manager went off sick and reviews fell back to me I became frustrated by the number of times I wrote the same basic review point. Reviewit has now got rid of this problem and improved substantially the quality of the files

Pricing

Reviewit offers a very simple pricing structure, a one-off annual price allows completion of as many forms, by as many employees within a single company as you like. E.g., 1,000 clients assuming all forms are relevant costs as little as 8p a form.

Reviewit

£495 +VAT/year

Profit & Loss Checklists
Balance Sheet Review Checklists
Tax Review Checklists
Final Accounts Review Checklist
Full support

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