Business Fraud Risk Calculator: Results
More Fraud Risk Advice
- Perform monthly bank reconciliations by someone who does not write checks
- Review Accounts Receivable reports and don’t let the person who does billing issue credits
- Limit permissions for people entering bills and you can do this in QuickBooks Enterprise Edition
- Use a credit card to track business expenses
- Utilize online banking to match expenses and deposits – by someone who does not write checks
- Utilize the Audit Trail Report and filter it for critical transactions – deleted invoices, credits, changed disbursements
- Use purchase orders for approval of large amounts – and get approvals on POs
- Ensure vendor records are complete – W9s should be required for all vendors who are not companies
- Reconcile petty cash or get Bento!