Operations
Are your cash and checking controls strong? Are the proper independent controls in place? Is there proper segregation of duties? Not only can HIRE CFO provide random audits of cash and checking, HIRE CFO can be added as part of the weekly or monthly controls. We will not sign checks or handle cash, but we will perform bank reconciliations, and review each check and documentation backup over a pre-determined amount.
Cash Control & Audit
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Policies & Procedures
Are your procedures documented? How are new accounting personnel trained? Do employees know the policies of the company in areas of benefits, travel, entertainment, petty cash, and company owned assets? Many companies find it hard to pursue dishonest employees if the policies have not been written down and distributed to the employees upon hiring.
Staffing & Streamlining
Do you know how today's technology can save you money in labor? Are you streamlined? Many times administrative costs continue unchecked. Are your employees challenged and working at optimized levels? This should be reviewed each year before the budget is determined. Have you considered outsourcing different administrative functions?
Software Installations and Conversions
Does your accounting software need updating or converted to an improved package? Do you know the total cost of ownership, and how long will it really take to install. We have converted small and large systems and have been through the battles.
