leftwich
I imagine there are enough others like me that will keep these companies around awhile.
And any company that has so many six figure cash disbursement transactions that approving them is an administrative burden is the type of company that most needs this kind of control in the first place.
You can easily set up your online banking to require one individual to intiate a wire transfer, and a separate individual to approve the transaction. This is a very basic financial control.
My guess is the companies falling victim to this don't have any formal controls in place.
Thinking about it in terms of supply and demand of goods, increasing wealth of the middle class increases overall demand, and increasing wealth of the wealthy increases supply, but only to the extent that demand will support.
Source from 2013 but still applicable: https://www.stlouisfed.org/Publications/Regional-Economist/J...
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Email: brad[at]beechvalley[dot]com
I help software companies solve accounting problems.
I'm a CPA with several years experience helping software companies. I started my career at a big 4 accounting firm in their technology practice and have since started my own boutique advisory firm.
I (or my resources) can provide interim CFO, Controller, Director of Revenue, and/or Senior Accountant-level services. Please contact me for more information!
I'm giving this app a shot to see if it has benefits over the .txt file. Thanks!