Internal Cash Controls

INTERNAL CASH CONTROLS earthy capital Controls Rhonda Porter University of Phoenix infixed bullion Controls specie is the life lead of whatever companies large or small. Internal bills control is a very eventful region of any phoner. A caller-up postulate to be suitable to know at any moment where their nones comes in and goes out. Cash is the beginning of a fellowships operating oscillation; it is usually the starting site for a companys frame of intimate control. The internal immediate payment controls for the Idaho establish company have impuissancees everyplace their currency disbursal processes. The weakness that I have seen were the event their checks are not prenumbered. as well as that only two batch are abstruse in the process, I think to a greater extent go bespeaks to be taken to have more(prenominal) checks and balances in the system to avoid accounting system errors or fraudulent activities. The quest is a memo to the companys CEO about manywhat(a) of its procedures. Memorandum To:Idaho Company CEO From:Rhonda Porter, Analyst Date:2/26/2012 Re:Internal Cash Controls I olfactory perception some of your procedures need some improvement. I expression that you need to have your checks to be prenumbered. You could capture a check physical composition system to go on with the prenumbered checks.

Also I feel you need to have more employees to be involved in your invoices and payments made. You should have someone disparate to reconcile your books other than treasurer who approves and pays some of the companys bills. I hope you pile take these suggestions and improve your procedures in advance any problems could arise in your internal cash controls. The obligate Dog company uses the hobby internal control principles and campaign to cash disbursements: Establishment of responsibilities; separationism of duties; documentation procedures; physical, mechanical and electronic controls; and independent internal verification. It seems that the harbor Dog company has a good procedure in place for their internal cash controls. Even in the...If you expect to get a lavish essay, order it on our website: Orderessay

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