Internal Control Systems

Discover How Our Systems Can Free You to Work ON Your Business… Not IN Your Business.
We can help you help your business by providing an objective review of your internal control systems and determine the efficiency and effectiveness of your operating procedures.

Among the corrections we might help you make…

  • Segregate duties in order to reduce risk of error or inappropriate action. This involves making sure that no one person has control over all aspects of any single financial transaction.
  • Ensuring that all transactions are handled by a delegate with approved authority to handle such transactions.
  • Put systems into place which create a process where all transactions are reviewed and reconciled by someone other than the transactor.
  • Assure physical safety of all equipment and introduce periodic counts to compare equipment, inventory, cash and other property are consistent with that on record.
  • Implement job training for all employees and make sure that employees have the knowledge and resources to carry out their job duties, are provided with an appropriate amount of supervision, and are aware of the channels for reporting potential problems.
  • Documentation of all policies and procedures that are accessible to your employees and the procedures for continued guidance and training regarding these procedures to address employee turnover or prolonged employee absence.
  • A consistent review of operations to determine that results are consistent with objectives and goals.

Let Us Help:

Getting Started with Metrics and KPIs in Your Business

Your car dashboard tells you how far you’ve driven and how much gas is left in the tank. Your smartphone has a button to tell you how much space you’ve got left after taking all those pictures of the kids. Your bank’s all too happy to show you a report on how your...

Masterpiece Accounting Services on Managing Small Business Loan Options

The big, emergency SBA loan programs for small businesses (like yours) that were launched (PPP) and expanded (EIDL) over the last couple of years are moving back from the radar or wrapping up.That said, there are still great options for funding your Northeast States...

Worker Classification Steps for Northeast States Businesses in 2022

And the books turn over.As we step over the threshold into 2022, we're all staring at much lower numbers in our P/L's. It's a new slate, and the possibilities are endless.What will you do in 2022? That's the question of the hour ... and it has much less to do with...

Your Northeast States Business Better Have Learned These Small Business Tips…

A new year is fast approaching. Many businesses are eager to turn the page on the past year – and its economic fallout.And of course we’ve been writing about how to navigate it.Today, let's reach for some small business tips you should be taking away from this...

Innovation and Design Thinking

Duggan (2013) declares that Creative Strategy is not about coming up with new ideas, but about thinking strategically when finding a solution to a problem by seeking new ways or innovative ideas to apply toward such solution.  He mentions two ways of coming up with...

Innovation Killers

What is Innovation Innovation is associated with creative thinking, applied imagination. Innovation involves five skills: associating, questioning, observing, experimenting and networking. According to Drucker (2011), “innovation is a function of entrepreneurship (p....

Using KPI’s For Your Northeast States Business

Being able to reasonably forecast upcoming problems has become an essential skill for Northeast States business owners -- but too many are flying blind, or doing "bank balance accounting". Can we help you fix this? Using KPI's For Your Northeast States Business "It is...

What To Try When Your Northeast States Business’ Receivables Are Slowing Down

One of my favorite things about what we get to do around here is helping our Northeast States clients find "missing money" in their businesses. Whether it's through cost reductions, profit analysis, tax planning (LOTS of money can be saved there), or other means, what...

Use These Financial Reports For Business Decisions By Masterpiece Accounting Services

How do you make financial decisions for your Northeast States business? Do you set aside time to review your actual financial reports, or are you committing "bank balance bookkeeping"? You know what I mean: checking your business bank account daily as a measurement of...

Struggling Northeast States Businesses Should Be Careful With Price Reductions

If you're struggling in your Northeast States business, and not getting the traction you need, I have a quick thought for you today. Struggling Northeast States Businesses Should Be Careful With Price Reductions “Despite your best efforts, not everyone wants to be...

Ready to come in for an appointment?

Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!

Contact Us