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AcctTwo Blog

Church Accounting Basics - Part 4: Employee - To Be or Not to Be

Why does it have to be so complicated?

If your church is anything like mine, you are constantly trying to navigate the requirements of our nation’s employment laws. When researching the topic of “employee versus independent contractor,” what I find is consistently inconsistent. It’s easy to get lost in the lack of interpretation.

Topics: Blog Fraud Faith-Based internal controls Informational Featured Posts Church Accounting Basics Awareness Employee vs. Contractor

Church Accounting Basics - Part 3: Internal Controls Keep Fraud at Bay

“What happens in accounting, stays in accounting.”

If your finance team’s motto goes something like this, you might have an internal controls problem.

Internal controls are put in place to clearly define proper procedures for finance and accounting team members, to minimize risk, and to alleviate suspicion. Even churches must mitigate risk and ensure that policies and procedures are in place and functioning as intended.

Topics: Blog Fraud Faith-Based internal controls Informational Featured Posts Church Accounting Basics Awareness

The 5 Questions CFOs Should Ask Their Controllers

Whether you've been in your position as Chief Financial Officer for some time or are new to the job, mitigating risk, maintaining compliance, and increasing efficiency are key objectives for your department. Ideally, you're also adding strategic value to your company, analyzing the finanical and operational metrics to help make decisions about your business' growth. Your Controller is your key resource in accomplishing many of these goals.

Topics: CFO White Paper controller internal controls

Understanding the Effects of Employee Fraud on Your Accounting System

John Verver recently wrote an article posted on CFO.com about the top areas of concern with regards to employee fraud. It's a great article, which made us want to draw attention to it, and it also got us thinking about the subject when it comes to what we do here at AcctTwo. 

Topics: Blog outsourced accounting accounting software back office Fraud Intacct Outsourcing accounting outsourcing internal controls Cloud computing outsourced back office Audit and Internal Controls Accounting Featured Posts Accounts Payable Awareness

Ephor Group Chairman Garry Meier Talks About Lessons Learned in the New Economy for SMBs

Ephor Group Chairman Garry Meier Talks About Lessons Learned in the New Economy for SMBs, AcctTwo CEO Marcus Wagner talks about business process outsourcing for SMBs, Intacct Channel Executive Peyton Burch talks about the benefits of Intacct's on-demand accounting and financial management system.

Topics: Blog middle market shared services back office management reporting FAO information systems Intacct Professional Services Industry CFO F&A outsourcing SaaS Outsourcing accounting outsourcing Intacct Media Coverage Software as a service controller outsourced finance and accounting internal controls Cloud computing outsourced back office Videos Accounting compliance bookkeeping

Preventing Fraud

Fraud at a Small Company

I talked to a company the other day about their experience with fraud. They are a small business whose revenues have ranged from $2.5 million to $5 million over the past several years. In the last 8 years, the owner has had 3 instances of fraud and embezzlement. He estimated that he had lost about $600,000 to fraud over this time. 

Topics: Blog accounting software Fraud CFO Outsourcing controller internal controls Audit and Internal Controls Accounting