How to Not Fall Prey to Morally Bankrupt Accounting for Small Business Schemescustomonecfo
For small business owners, there are a lot of tempting reasons to try and tackle your business accounting on your own. For one thing, it seems like it might be a good way to save money by not having to hire other workers. For another, it’s easy to fall into the mentality of “the only way to get something done right is to do it yourself.” Another reason owners try and handle money on their own boils down to a basic lack of trust. Unfortunately, some people can’t be trusted and might try and rob you of your hard-earned money one way or another.
At some point, though, you have to break down and hire some help. So, how can you be sure that you aren’t going to be taken for a ride by your money-handlers? Here are a couple of ways to help protect you and your business from falling victim to less-than-scrupulous accounting practices:
1. Get Insured
The best offense is a good defense, so they say — and this is especially true when it comes to your money. Get insured now against loss or theft. That way, if someone does manage to take from you, you are protected and won’t have to worry. Otherwise, one good scam could be the end of your business dreams.
2. Use Background Checks
If you’re going to hire a person to handle your money, it only makes sense to perform a background check. These are easy to do, and don’t cost much; what’s more, they could end up saving you a lot of money and heartache in the future.
3. Don’t Put All Your Eggs in One Basket
Or, in this case — don’t let only one person handle your finances. If you can afford to hire someone to work your books, it’s a better idea to try and afford to hire two. This automatically sets up a system of surveillance that will help ensure that one person keeps an eye on the other.
4. Hire a Professional Des Moines CPA
If you’re looking for an even better way to make sure that your business doesn’t fall victim to unscrupulous accounting, then it makes sense to hire a trusted Des Moines accounting firm to do the work for you. An experienced firm like CustomOne CFO & Controllers is ready to handle your small business’ books, and brings with it a reputation of trust that you can depend on.
Contact CustomOne CFO & Controllers today.