Finance and Accounting Services

Wiki Article

By making one person do whatever he needs to keep the bills paid, write the financial report of the company, etc., you are effectively bypassing one of the cardinal principles of good money-management: the distinction between responsibility and authority. The regulation ensures that no individual can dominate every aspect of a money transaction. Without separation of duties, the individual will record the transaction, sign the transaction and transmit the payment and straighten the books. That provides a number of opportunities to cause a mess. Therefore, finance and accounting services by Oscorm makes sense.