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Trust is Not the Answer to Preventing Fraud - Here's 25 Internal Controls to Reduce Risk in Your Business

When you have one or two people doing your books, you are putting your business at a higher risk for fraud. Many small businesses don't know how to get around this problem. Trust isn't enough. You may not have the ...

How to Avoid Having a Single Point of Failure in Your Business

In business, a single point of failure (SPoF) is defined as a solitary problem that leads to an entire business's demise by completely shutting down its ...

By the Numbers: What You Don't Know about Business Fraud but Should, to Save Your Business

When you think of business fraud (occupational fraud, employee fraud or internal fraud), you likely think of 50-story office buildings, world-wide ...

Top Ten Resolutions for CEOs and Leaders of SMBs

“Success is not final, failure is not fatal: it is the courage to continue that counts.” - Winston Churchill With the start of a new year, we often feel ...

How Do Outsourced Bookkeeping Services Reduce Risk in My Business?

Small and medium-sized businesses and nonprofits often cannot afford to hire a full-time department of in-house bookkeepers, controllers, accountants and ...

Safeguard your Business - Best Practices to Protect Against Cyber Threats

The WIDESPREAD use of new technology in the workplace has led to an increase in a new class of “cyber threats”. Understanding these threats can help ...

10 Ways to Reduce the Risk of Fraud: Best Practices for SMB Internal Controls

No system of internal controls should be built on trust. For anything you don't outsource, adhere to separation of duties and follow best practices for ...