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:

The Word on Payment Methods for Northeast States Businesses

…payment methods!Try to come up with one thing that’s more important to your Northeast States business than taking in revenue smoothly. Yeah, I couldn’t, either.And making sure that revenue is coming in becomes almost an obsession when you’re feeling the squeeze...

Alleviating Cash Flow Management Pains for Northeast States Businesses

Because we’re talking cash flow management today… with a recession looming on the horizon and the effects of inflation being felt so hard in everyday life, it’s difficult not to freak out over what lies ahead for your Northeast States small...

Why Should Northeast States Businesses Care About FASB and GAAP?

  Yes, inflation isn't slowing down, even here in Northeast States.Though it's not the main thing I'll be writing about today, I did want to point out this economic elephant in the room for my New Rochelle business owner readers and clients, and not...

An Accounting Methods Rundown for Northeast States Businesses

Before I get into accounting methods basics today (a subject near to my heart) ... I hope you were able to get in on some Memorial Day activities this past weekend (though I know some Northeast States business owners are in the thick of things during this...

Making the Most of Your Northeast States Business’s P/L Statement

In the arena of not-so-good news, along with so many other things these days, there’s a lot of chatter about a possible recession on the horizon. Just when you thought things might be looking up… Inflationary insults to injury for Northeast States business...

Masterpiece Accounting Services’s Guide to the Profit and Loss Statement

As a small business owner, you’re often preoccupied with all the things that go into running your Northeast States business – the daily logistics, managing employee workflow, paying the bills, bringing in more customers… making a profit. Let’s focus on that last...

Three Financial Statements Northeast States SMBs Need To Get Right

If you’re a successful Northeast States business owner in this high-pressure time, you’ve learned to master the art of the pivot. Pivot on pricing, pivot on operations, pivot on hiring, pivot on supply, pivot on financials... Successfully pulling it off is...

Customer Relationship Management Software for Northeast States Businesses

Apparently, it is National Small Business Week. And while I tend to think these kinds of “national weeks” or days, or what have you, are often pretty silly … well, as someone who has been in the trenches with the SMB community over the last few years, I...

Time Management Software Choices for Northeast States Businesses

There’s never a better time than now to start a deep dive into the financial practices of your business. Of course, the first place you always want to start is with cleaning up your books (and we’re here for that – if you’re ready: 914-752-3632).Then you want to start...

What is the Best Payroll Software for Your Northeast States Small Business?

Every Northeast States business owner in today’s inflationary environment is looking for ways to economize and improve: overhead expenses, workload, staffing needs, office space, supply chains, etc. It all feels stretched. We’re *all* feeling it, even here in...

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