In small business accounting, honest mistakes happen. Dishonest mistakes happen too – all too frequently. Both can be prevented with the proper processes and procedures for cash handling and accounting … but only if you are on the lookout.
Think it couldn’t happen to you? Think again: most fraud happens in smaller companies, because they lack the controls and procedures to prevent it. In fact, more than 31% of companies with fewer than 100 employees will experience some kind of embezzlement or check fraud, the highest rate of any business size category.
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