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:

Which Bills to Pay First in Your Northeast States Business

Holiday creep. It’s real.Here we are in early November, and it feels like Christmas decorations and other holiday chicanery have already been upon us.Northeast States retailers are buckling in for what looks to be a rough shopping season, given current economic...

Email Marketing Strategies Northeast States Businesses Shouldn’t Use

I’m always a little surprised (but mostly not) by the number of responses to these weekly writings from Northeast States business owners like you.Here’s a little insight into why I do this… an inside scoop. I'm certainly not a marketing expert, but I've discovered...

Can Businesses Still Get the Employee Retention Credit?

Everybody keeps saying we’re slowly leaving the pandemic behind – and for businesses, that means that pandemic tax relief is disappearing, too. And while we don’t do taxes here, we do want to talk about things related to the operation of your business. In this case:...

How Owners Can Have a Productive Business Meeting

Ever finished a meeting and thought That could have been an email? Yeah, I get that. Work meetings are one of those necessary evils that too often end up being time wasters rather than savers.But you can’t simply wave a magic wand and eliminate them (though, in...

How business owners can beat occupational stress

As a business owner, you carry the weight of your company on your shoulders. But the reward is this: when things go well – your profits are good, you’re meeting your business goals, you’re dreaming for the future, entrepreneurial FREEDOM is in the air – you have...

Ending Customer Relationships for Growth in Your Business

With the way that the economy is going, inflation, the market gyrations, etc ... ANY business seems like good business.Until it isn't.Consider ...Have you ever been in a store when a customer starts yelling at the employee behind the counter for something tiny? The...

Masterpiece Accounting Services’s Guide to Successfully Managing Remote Employees

Scrolling the 9/11 tributes in my social media and news feeds this past weekend served as an excellent reminder of how we all can bounce back from great difficulties. And the reminder seems especially poignant now as our nation (and business owners like you) continue...

Why Your Business Needs Cyber Insurance

In today’s online-driven world, it’s no surprise that securing sensitive information is essential. Just like you cover your business for other possible risks (property damage, theft, injury, etc.) so should you also be thinking of how to keep your business safe from...

The Hiring Tips Your Business Needs

It seems like everywhere SMBs and retailers are short-staffed (and hiring). At the same time, with high inflation plaguing the country, other businesses are in the middle of layoffs.It seems as if these two realities would meet together, and establish an economic...

All About the SSBCI for Business Owners

Fill in the blank: It takes a village to ______.While you’re probably thinking of child-rearing right now, I’d like to suggest that it applies to your small business as well. And particularly during inflationary times. The 2020 world made it painfully obvious that...

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