Ep14: 5 Tips to Prevent Theft in Small Businesses

In this episode I talk about a common problem that happens every year within small business establishments - theft. It is very unfortunate and we need to be aware of how to protect ourselves. 

I  will share five tips to help you shore up your internal control and protect your business from theft

5 Key Points

1. Separation of accounting duties where possible

2. Proper paper trail and documentation

3. Review your bank statements

4. Implement checks and balances

5. Review your financial statements