by Craig Jeffery | Mar 2, 2007 | Uncategorized
Payroll often becomes the victim of fraud from within. We’ve said that before and repost some of that entry and add just a bit more. Very few people have access to timekeeping and salary systems and most organizations don’t review changes. This is not a...
by Craig Jeffery | Oct 25, 2006 | Uncategorized
In seeking to optimize working capital in an organization, the required balancing of the income statement and balance sheet drivers can be more challenging than meets the eye. This is true of taking or avoiding discounts. Obviously, taking a discount...
by Craig Jeffery | Oct 20, 2006 | Uncategorized
If you want to look for inefficiences and areas for fraud – a good place to start for both is with the exception processes. This is true with paying regular old accounts payable items with wires. Many A/P systems don’t support a straight...
by Craig Jeffery | Oct 18, 2006 | Uncategorized
Using the right formula is usually half of the battle. Everyone who has taken Accounting 101 or who is familiar with financial formulas knows the traditional working capital formula: Current Assets – Current Liabilities = Working Capital (traditional) This...
by Craig Jeffery | Oct 7, 2006 | Other
Steve Irwin – Crocodile Hunter Our thoughts go out to the family of Steve Irwin, who is well known as the “Crocodile Hunter”. He was killed on Monday, September 4th by a stingray during a film shoot off the coast of Australia. His excitement for his subject matter and...
