Protect Your Business From Steep Loses
Due To Bookkeeper Theft!

Because most small businesses are not capable of segregation accounting functions, one of the best ways we have found to limit your exposure to theft of money is to have the owner of the business receive the monthly bank statement at some other location than the place of business. This allows the owner to review the bank deposits and also each cancelled check for appropriateness before the bookkeeper receives the bank statement. Even if the business owner only opens the bank statement it gives the appearance to the bookkeeper that the owner is looking at the checks. The other advantages are the owner becomes more involved in the financial affairs of his/her busimess, anf is a bookkeeper is stealing, the owner is more likely to catch it early rather that later when more money could be gone, along with the bookkeeper, forever.

This tip provided by Tom Hager, Managing Partner of Schlabig & Associates, LTD, CPA's Contact direct at 330-678-5203


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