Protecting Your Business Against Embezzlement
7. Bond with the employees who'll be handling the money. Having a close relationship with those workers offers some protection for the company, because it can dissuade people from stealing -- they won't want to hurt someone they care about.
8. Do a background check on your employees when hiring them to see if they've had financial problems in the past. It may be a sign that they're struggling financially and might be tempted to take resources from the business to smooth out any personal financial problems. 9. Institute a proper division of functions. The following functions should be assigned to different people to help provide a checks-and-balances function at your company:- Prepare checks for payments
Receive payments from customers
Make bank deposits
Sign checks
Bank reconciliation
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