Keys To Financial Accountability In A Business Environment

From time to time, you hear of a business loosing a lot of money because one of the workers has embezzled some money. This normally does not occur in one day. In fact most of the time the worker starts taking the money in small amounts when he runs into financial difficulty. He may have the good intention of repaying the money in the account. The owner of the business may not realise it at the beginning as he may be very busy handling other business issues. As time goes on, the worker will begin to take bigger amounts and it becomes difficult for him to pay back the money. By the time the business owner finds out, it may be too late. This is a very familiar story that occurs more often than not. This brings to mind the need for financial controls from the very beginning of the company. This can be done by