Tighten Accounting Controls

If you are an organization, company, or business that has to deal with dozens of clients daily, procurement software could make your finance management a lot easier. The software will help you analyze your total spending, track thousands of suppliers, pay attention to individual supplier performance and promote compliance. What are the benefits of procurement […]

Understanding how your own accounting software works is as important as understanding the actual double entry accounting that is occurring “behind the scenes”.

Historically, compliance has been the focus of most knowledge management systems but, can you really have compliance without control?

Cash control in business is about prevention; preventing the temptation and opportunity for employees to commit fraud or abuse.

Common embezzlement schemes include cash skimming, forged checks, ghost employees, fictitious accounts, inventory theft, and fraudulent wire transfers.

An accounting department organization chart clarifies finance, accounting, control, and support roles, responsibilities, and reporting lines.

The big question you must ask yourself as an accounting and bookkeeping business owner is why anyone will engage your services when there are so many options. You may offer excellent service and a great price, but prospects cannot choose you if they do not know your services exist or your business is not using […]

Cash cycle procedures control how a business receives, records, safeguards, deposits, disburses, and reconciles cash.

Purchasing procedures define how a company selects vendors, approves purchases, receives goods, handles freight claims, and pays authorized invoices.