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Top Ten Ways to Prevent And Detect Fraud!

Friday, October 14th, 2011
Use the following internal controls to help detect and prevent fraud in your business. Ensure no one person has control over all parts of any financial transaction. Require all purchases, payroll, and bill payments to be authorised by a designated person. Separate handling funds (receipt and ... Read more

Four main internal controls to prevent fraud

Friday, October 14th, 2011
All businesses, no matter what size,  need to review their internal controls to minimise their risk of fraud. There are four main areas to consider: Separation of duties Authorisation to approve payment Security of assets (e.g. stock) Review and reconciliation So here are some best practice tips ... Read more

Your 2011 budget: doing more with less

Friday, February 11th, 2011
Tired of the mantra “doing more with less?” You probably are, but it’s unlikely to go away anytime soon. While the economy is slowly recovering, business owners must adapt to the changing business climate in which harnessing technology, working virtually and doing more with less are the ... Read more

Why office outsourcing may work for you

Wednesday, February 2nd, 2011
Outsourcing can make your business more productive and more profitable – if you know how to take advantage of it. When we think of outsourcing, call centres in far flung places like the Philippines typically spring to mind. However, increasing numbers of New Zealand businesses are taking ... Read more

Staff reeling at fraud

Friday, December 17th, 2010
Staff in a New Plymouth supermarket have been left reeling after an assistant manager and her partner allegedly ripped off more than quarter of a million dollars from the business. The massive fraud could have brought the company to its knees. Saw this article today and thought it may be of ... Read more

GST changes – will my software work?

Friday, July 2nd, 2010
Will your accounting software handle the GST changes on 1 October? Because there have been no GST changes for over 20 years, the GST rate is hard-coded into many software programs. They simply haven’t been designed to allow for changes to GST. Updating systems can be a costly exercise. What ... Read more