fbpx
Business Finacial Group
internal controls - Business Financial Group
Business Finacial Group
Free Consultation

Internal Controls

We evaluate your current systems for effectiveness and efficiency.

One of the most overlooked aspects of running a Atlanta business is the establishment of internal controls and policies to ensure that things are run smoothly and efficiently and that protections of your resources are put in place.  Having an experienced and well-trained professional come into your organization to evaluate your operations from an outsider’s perspective is one of the best ways of assessing what has been overlooked and where improvements can be made.  Business Financial Group will evaluate your current systems for effectiveness and efficiency and provide you with suggestions that will help you become more profitable by eliminating inefficiencies and creating opportunities for enhanced effectiveness.

Atlanta based Business Financial Group’s evaluation will include:

  • Dividing and segregating duties among a variety of individuals in order to minimize the risk of mistakes being made or inappropriate actions being taken. Doing this will prevent any single individual from having control over financial transactions.
     
  • Establishing an approval hierarchy making one person responsible for authorizing transactions, ensuring not only that funds are available but also that the expenses are in keeping with company policy.
     
  • Establishing a system by which routine reviews of all financial transaction records are conducted. The person assigned responsibility for this reconciliation will be someone different from the person who was responsible for processing the initial transaction.
     
  • Establish a periodical accounting of all equipment, inventory, cash and other property, making sure that it is consistent with control records and descriptions, physically present, and secure.
     
  • Establish employee training programs and handbooks that provide complete and thorough job descriptions, detailed information regarding individual duties and responsibilities, and guidance regarding appropriate action to take in the face of malfeasance or inappropriate behaviors that are observed. We will also review staffing and supervision to make sure that all employees are receiving appropriate direction.
     
  • Make sure that all policies and procedures are documented and available to employees, including information needed to provide appropriate coverage when facing periods of extended absences or job vacancies.
     
  • Assess operations in order to determine whether they are being conducted properly and whether they remain conducive to the company’s goals.

 

Have Question?

CONTACT US NOW !!!

CALL US TODAY FOR A CONSULTATION!

Have Questions? Call us at (678) 201-1275 and let us show you how our expertise can save you in the long run.

    If you’d like to receive more information about our Atlanta internal controls services, please call us at (678) 201-1275 or contact us.

    Have Question?

    CONTACT US NOW !!!

    Recommended Articles

    how to automate email reminders for overdue customers

    How to Automate Email Reminders for Overdue Customers One way ...
    Read More
    quickbooks

    Getting Started with Reports in QuickBooks Online

    Getting Started With Reports In Quickbooks Online You should be ...
    Read More

    Tracking Your Receivables: Ways to Find Out Who Owes You

    Tracking Your Receivables: Ways to Find Out Who Owes You ...
    Read More

    SOCIAL MEDIA

    BUSINESS FINANCIAL GROUP

    Click map for greater detail

    Schedule A Free Consultation

    Powered by
    Call Now