Below you will find all articles and posts tagged with cash process. These articles are either primarily about cash process or about topics that are directly related to cash process.
In the past few weeks we have discussed how understanding and documenting your cash processes with cash policies and cash procedures can prevent internal fraud and abuse. Externally, one the biggest threats to your cash are customers who fail to pay for what they purchase.
Author: Don Reed Published on: January 19th, 2009
Categories: Accounting Manuals
We all hope our co-workers and employees are honest, and they probably are. Yet, improper cash control and poor cash practices can tempt people who are basically honest. Think about parking at the local mall. You always roll up your windows and lock your car to protect your possessions, especially if you made some purchases at an earlier stop. Most of the people who walk by your car at the mall are honest, yet you don’t want to tempt them by making it easy to take something that doesn’t belong to them.
The same idea applies to your cash process; you want to use best cash practices and follow proper cash procedures. In business you can reduce cash risk with good cash controls through removing opportunity and temptation. While your employees may be honest, sloppy cash control is like leaving your car windows down at the mall… you are just begging for something bad to happen.
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Author: Don Reed Published on: January 12th, 2009
Categories: Accounting & Internal Control, Sarbanes Oxley - SOX
Last Month we discussed the competitive advantages of building a value chain. This month we are going to look at the differences between the design flow and the manufacturing flow.
Author: Bizmanualz Editor Published on: March 8th, 2006
Categories: Strategic Process Improvement
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