Bookkeeping Tip #19
Joe Cavell March 17, 2026
Establish good internal controls
Internal controls help keep your books accurate, prevent errors, and reduce fraud by separating duties. For example, the person recording cash shouldn’t also reconcile the bank account.
Small business tips:
✔️ Owners can review transactions, reconcile accounts, or approve large expenses
✔️ Hire an external accountant for periodic checks
✔️ Set clear rules for who can access, authorize, and record transactions
Even with a small team, strong internal controls protect your business and ensure trustworthy financial records.
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