INTERNAL CASH CONTROL GUIDELINES FOR SMALL BUSINESSES

Hello all,

I have been working for a company that I joined a few months back. Recently, they went through a rough patch when one of the employees was caught committing a fraud. It was a big eye opener for the business owner who had been running the company without any reviews and assessments of the stock and the financial reports. He was blindly following what the staff was telling him and got duped for the same reason. However, when he realised, it was too late. Now, he is fighting a legal battle and the reputation of the business has been tarnished. Thus, it is important have internal cash control guidelines in place to avoid such situations. Here is an article that will tell you all about them.