September 18, 2022
Giving your customers credit is like lending them cash. Internal control should include credit policy and processes just like it covers how cash is handled.
July 4, 2022
A look at four cash flow control procedure areas in which you can save $250,000 each -- for a total of $1,000,000. Learn more now.
January 7, 2022
Working Capital is a common measure of the health of your business operations. Knowing how to manage working capital is a crucial aspect of financial procedures. Working capital refers to the funds required to operate your firm on a daily, weekly, and monthly basis. It is the money used to pay your suppliers for materials, as well as the money needed to pay for the items and services (such as inventory and payroll) that you have utilized while waiting for your customers to pay you.
November 28, 2021
Cash control in business is about prevention; preventing the temptation and opportunity for employees to commit fraud or abuse.
November 18, 2021
What embezzlement techniques are considered the most common embezzlement schemes used by embezzlers?
November 7, 2021
Control over cash receipts and disbursement are a vital element of the company's internal accounting controls. What Cash Cycle Procedures should you use?
November 2, 2021
Debt has been a vilified aspect of finances for a very long time. Still, it will be naive to think that it is not a necessary part of running a business. When managed wisely, a short-term business loan can help you expand and hire new employees. How do businesses manage debt?
August 6, 2021
Many business owners grew up wanting to become entrepreneurs, not paper-pushers. They dreamed of creating world-changing products, taking financial risks for enormous profits, and making the cover of Forbes. What they didn’t dream about were problems with cash flow: chasing late payments, printing invoices, and moving money in and out of bank accounts. How can automation improve business cash flow?
June 13, 2021
Accounting methods and accounting standards are typically defined within your accounting manual, which also defines your policies, procedures, and internal controls for Sarbanes Oxley and other compliance needs.