The kind of business you operate shows that money and monies exchanged hands every minute. Customers and clients pay cash on hand or through P.O.S machines.
It is very possible that transactions are not properly captured or NOT enter due to error, fraud, manipulations and collusion etc
Employees often engage in embezzling money in very tiny amounts so that it passes your scrutiny and you will not realise that money has been diverted. You should always be wary of small transactions, often in decimals, can add up to a quite a lot, if they are being made frequently.
If certain locations are experiencing a high number of refunds or voids, you may want to review the process you have for authorizing such transactions. If employees can process a void on their own, perhaps you should add a level of approval such a shift leader or manager.
We at baasinat are specially trained to fill the vacuum created. We are especially involved in the small scale business like yours and we want to partner together.
Accounting is a function that forms the core of any business. Important business decisions rely heavily upon the financial information at all stages of a project, from planning to execution to finalization.
Efficient bookkeeping and financial control ensure the company runs smoothly with an eye for growth. Data, statements and projections are all vital financial figures that a business must have on-hand for sound business performance.
We will operate as a third party, coming to your company premises to conduct the audit and examination of business and financial transactions.
According to a recent estimate, outsourcing accounting and audit work can reduce your business cost by as much as 30%. Hiring a specialist accounting firm like us WILL not only lower your business cost but will provide you with the benefit of an efficient and experienced accountant.
Accounting support to your business:
-Ensure sound financial advice based on regular maintenance of financial data
-Contribute towards the long-term and sustainable success of your business by keeping an eye on your business projections and performance with regular appraisals and financial reports.
-Conduct audit on weekly basis and we shall probe financial matters to the bottom.
Quite simply, this is an issue that you can't afford to ignore.
Let us work together for the betterment of your Company.