Wednesday 21 March 2007

How to Stop Waste, Fraud & Abuse

How to Stop Waste, Fraud and Abuse

by: E.SAUNDERS

Each year, businesses write-off six percent of revenue to waste, fraud and
abuse. But why would managers throw all that hard-earned money away when there
is a reliable way to eliminate waste, fraud and abuse using accounting policies
& procedures to create internal controls. Internal controls eliminate
uncollectible receivables; prevent theft or embezzlement; optimize inventory;
and stop waste, fraud, and abuse. Utilizing just a single control will add real
money to your bottom line each month.

Look for Easily Customizable MS-WORD files to Save Time

You can quickly and easily develop customized procedures and internal controls
for your organization, no matter what size it is. WORD templates reduce the
stress of writing clear internal controls, policies or procedures; of staying
late at the office to research “best practices” or of worrying over what format
to use.

Use Prewritten Text by Industry Experts

It's much easier to edit prewritten controls than to develop them from scratch.
Let experienced CPAs, auditors, and business process experts think through the
steps for each procedure or form. Then, save even more time by using the
resulting content that technical writers have edited in MS-WORD instead of
re-entering the text.

Vital Procedures Resource used by Thousands

Accounting Policies and Procedures is one such vital resource used by thousands
of executives and managers to strengthen their financial operations. Such a
manual contains an introduction to accounting, an explanation of how to create
your own controllers manual, an example of a complete prewritten manual, ample
policies, procedures and forms for the most common processes (revenue, cash,
assets, purchasing and administration), a detailed index to every keyword,
phrase and regulation used, plus a Guide to Embezzlement Prevention.

Examples for Every Owner or Executive

Every month executives share their stories about satisfying their auditors with
new controls, of increased earnings found in their business and how much time
was saved. So, if you want to increase the profits of your business then
consider an Accounting Policies & Procedures manual.

Help Your Business Grow Now

Can you afford to let a single precious hour pass without finding out what
Policies and Procedures can do for your business??

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