Third party accounting companies aren’t just there to handle monthly bookkeeping duties. They’re also there to limit the potential fraud risks that are inherent when you hire an on-site staff comprised of people whose backgrounds you’re not 100 percent sure about. Granted, not every employee that you hire is going to be a fraud risk or a hardened criminal looking for a golden opportunity to abscond with your company’s money. But without putting in place strong and frequently monitored controls, that threat will always exist. Signing up with a company that can provide bookkeeping and payroll services online helps you minimize that risk.
The greatest possible risk that your company faces – embezzlement from the inside – is something that can be avoided.
SLA is a common initialism that stands for “service level agreement.” Why should you know this? Because as someone who.
“Locking the books” is a term that’s used to describe one of the most critical controls that’s put in place when using.
Anytime there’s uncertainty about where a financial transaction is to be recorded, it gets reported in what’s called a.
When business owners and chief decision makers think about ways to streamline their business practices, few ever think.
If you’re a do-it-yourselfer type or have a bookkeeper in your employ taking care of the company books, you’re probably.
