Comments on: Internal Control: A Preventive Mainentance Program http://blog.reallifeaccounting.com/2005/12/07/internal-control-a-preventive-mainentance-program/ Sharing accounting knowledge step-by-step Sat, 03 Jul 2010 00:53:09 +0000 hourly 1 http://wordpress.org/?v=3.0 By: John http://blog.reallifeaccounting.com/2005/12/07/internal-control-a-preventive-mainentance-program/comment-page-1/#comment-5827 John Thu, 11 Mar 2010 18:34:51 +0000 http://www.reallifeaccounting.com:8080/blog/?p=32#comment-5827 Borislav: I'm not familiar with your question. Please keep in mind that this website is to help answer accounting questions related to small business. Your question requires knowledge of a more advanced level of accounting. You might try to pose your question at http://www.accountingcoach.com. Borislav: I’m not familiar with your question. Please keep in mind that this website is to help answer accounting questions related to small business. Your question requires knowledge of a more advanced level of accounting. You might try to pose your question at http://www.accountingcoach.com.

]]> By: Boki http://blog.reallifeaccounting.com/2005/12/07/internal-control-a-preventive-mainentance-program/comment-page-1/#comment-5814 Boki Wed, 10 Mar 2010 23:37:57 +0000 http://www.reallifeaccounting.com:8080/blog/?p=32#comment-5814 How can we determine the completeness of total turnover? How so-called beta-formula work? How can we determine the completeness of total turnover? How so-called beta-formula work?

]]> By: John http://blog.reallifeaccounting.com/2005/12/07/internal-control-a-preventive-mainentance-program/comment-page-1/#comment-4874 John Thu, 14 Jan 2010 22:22:03 +0000 http://www.reallifeaccounting.com:8080/blog/?p=32#comment-4874 Jim: Interesting approach with the cash lockbox. Thanks John Jim: Interesting approach with the cash lockbox. Thanks

John

]]> By: Jim Adkinson, CPA http://blog.reallifeaccounting.com/2005/12/07/internal-control-a-preventive-mainentance-program/comment-page-1/#comment-4872 Jim Adkinson, CPA Thu, 14 Jan 2010 21:46:40 +0000 http://www.reallifeaccounting.com:8080/blog/?p=32#comment-4872 Better yet, have customer remittances go straight to a bank lockbox instead of sending payments to your office. The accounts receivable/cash receipts side of business is where a lot of the theft takes place. If you do receive checks in-house, need to make sure that the person receiving the checks is not the one posting to the AR sub ledger. The individual could be inappropriately posting checks to the wrong customer. Employees that are engaging in this type of scheme will often not take vacation for fear that the scheme will be uncovered. Better yet, have customer remittances go straight to a bank lockbox instead of sending payments to your office. The accounts receivable/cash receipts side of business is where a lot of the theft takes place. If you do receive checks in-house, need to make sure that the person receiving the checks is not the one posting to the AR sub ledger. The individual could be inappropriately posting checks to the wrong customer. Employees that are engaging in this type of scheme will often not take vacation for fear that the scheme will be uncovered.

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