Andersson Productivity Solutions

[...] one and throw out the incoming envelopes and sort them by amount On another day, pick up the utility bill to pay Review the bill Get the checkbook Write a check for the amount of the utility bill, [...]

[...] in total that prevent errors or fraud or that detect errors or fraud, are often called internal controls and are the responsibility of the entire company, including the owner(s), employees and [...]

[...] statements that need to be given to the bank for loan requirements or develop internal controls, within the business. In addition, the controller is able to develop systems and [...]

[...] , so these expenses are often not recorded. Use the business debit card or a business credit card as the detail of the expense is provided on the bank statement or credit card [...]

[...] in a very simple record keeping system, just by writing it down or charging it on a business credit card.  The proper recording of the expense might have taken 1 minute to record, which is 1/60th [...]

[...] , payments from customers, bank loans, etc.  For a business that is filed through a personal tax return, keep all records 3 years after the filing of the tax return.  For a business that is filed [...]

[...] for the tax filing.  Keeping it simple, assume Bob files his business through his personal tax return.  Because he is self-employed, Bob has to pay self-employment tax on the net income [...]

[...] two small offices was forced to abruptly terminate their Controller. They called in Andersson Productivity Solutions to evaluate their accounting practices and operations and make recommendations for [...]

[...] state, the municipality, the financial institutions, the FDA and other government entities? Accurate records concerning business activities include financial activity, employee information, [...]

[...] Keeping accurate records is important for a variety of reasons, including taxes. Here is an example of how a $20 [...]

[...] entities? Accurate records concerning business activities include financial activity, employee information, manufacturing data, and more.  A good record keeping system will show if a business is [...]

[...] the PREVENT errors or fraud from being able to occur. In this case, Anne entered the employee information into the payroll system.  In addition, she entered the hours to be paid to the [...]

[...] repeatedly look up necessary information, thereby improving the speed of processing and entering data APS created reports showing outstanding services not yet invoiced This change increased revenue by [...]