Entries by Marcos Marenco

Documentation Matters: Building a Clear and Verifiable Financial Trail

Supporting documentation is one of the most effective ways to ensure that your financial information is complete, accurate, and transparent. This includes invoices, receipts, reconciliations, approval logs, and calculations that can provide sufficient and appropriate audit evidence for each transaction and accounting entry made during the year. When businesses maintain clear, complete, and well-organized supporting […]

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How Can Internal Controls Protect Your Business and Improve Your Financial Reporting?

Internal controls are the systems, policies, and procedures designed to promote accurate financial reporting and help mitigate the risk of misstatements in the books. These measures could include practices, such as reconciling bank accounts at the end of the month, limiting access to the accounting software, or requiring multiple signatures for large payments. Each of […]

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