BiggerPockets Article: 7 Ways to Prevent Fraud and Employee Theft in Your Real Estate Business11/30/2018 I forgot to post this article I wrote for BiggerPockets a little while back, but I think it's an important one. Fraud and theft are some of the biggest losses that businesses face and can be absolutely fatal for new businesses and entrepreneurs. Professionals have come up with seven ways to reduce the likelihood of such theft that are critically important to implement in your business. They are:
1. Separation of Duties 2. Access Control 3. Physical Audits 4. Standardized Documentation 5. Trial Balances 6. Periodic Reconciliations 7. Approval Authority I go into much greater detail in the article, so please check it out.
Comments
|
Andrew Syrios"Every day is a new life to the wise man." Archives
August 2018
Blog Roll
Bigger Pockets REI Club Tim Ferris Joe Rogan Adam Carolla MAREI Worcester Investments Entrepreneur The Righteous Mind Star Slate Codex Mises Institute Tom Woods Consulting by RPM Swift Economics Categories |