Cash Flow For Dummies
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How do you prevent employee fraud in the workplace, and how can you be sure that nobody has their hand in the till? Like double cream and crash diets, keep bookkeeping tasks and the handling of cash or business assets completely separate. This includes

  • Authorising online transactions via internet banking

  • Working on a cash register and taking cash

  • Receiving payments from customers

  • Balancing cash registers at the end of the day

  • Accessing assets, such as business inventory

About This Article

This article is from the book:

About the book authors:

John A. Tracy, CPA, is professor of accounting, emeritus, at the University of Colorado in Boulder. Tage C. Tracy is principal, owner, and founder of TMK & Associates, an accounting, financial,and strategic business planning consulting firm.

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