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Category: Bookkeeping

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The Importance of Segregation of Duties for your Employees

When your small business grows and you invest more hours and effort into developing it, the unfortunate reality is that you have significantly more to lose as a consequence of errors, dishonestly, and fraud. This is certainly of distinct importance with bookkeeping and accounting because they deal with handling and tracking money that comes in and goes out of your company. For instance, an immoral and competent bookkeeper who was entirely responsible for all aspects of the bookkeeping for your small business could easily steal money from your business and cover it up.