Below is a reprint of an article by Joyce Rosenberg of the Associated Press. The article talks about employee theft and preventing employee theft when bookkeeping is involved. Bookkeeping services are a great way to prevent employees from becoming entrenched and controlling the flow of information. The e-vos bookkeeping service takes the idea a step further by allowing business owners to outsource their bookkeeping services completely in order to shift the risk of theft from the business owner to e-vos. NEW YORK — It often starts with a trusted employee. Invoices might be forged, or checks might be stolen. By the time the boss catches on, thousands of dollars have been stolen. Employee theft or fraud is a big and expensive problem at many small companies. But the pain is often more than monetary. A boss feels a sense of betrayal, anger and shame. A look at the problem, and… Read more!
Bookkeeping is the least sexy of all the business processes, and is often viewed as a chore more than anything else. Most business owners do not pay attention to their bookkeeping process except once a year when taxes are due. Unfortunately, the people who decide it is important are often the ones who are finding out there is an issue with their bookkeeping process. Problems with bookkeeping often lead to increased accounting costs, fees for unpaid taxes, higher tax burdens, or penalties for payroll taxes. With the tax deadline recently behind us this is a great time to look at your company’s bookkeeping process and see if there are ways to improve the process or reduce costs. The costs associated with bookkeeping are primarily staff, software, payroll processing, and accounting fees at the end of the reporting period. For the average small business the… Read more!