Question

Disadvantages of book keeping

Answer 1

Fraud

Criminals attempt to commit fraud against companies through methods including check forgeries, identity theft and embezzlement. Advantageously, standard bookkeeping practices will catch almost all of these criminals.

Disadvantageously, sometimes it is the bookkeeper who is the criminal. You will be more likely to catch any criminal, even if it is the bookkeeper, with a few standard practices. Familiarize yourself with your company's financial records, know the vendors and why they are vendors and sign all your business checks after reviewing the attached invoice. Question unfamiliar transactions and question report totals that look inaccurate. It is a bookkeeper's job to record financial transactions and generate financial reports; it is a business owner's job to stay in control of his company's finances.

Answer 2

The disadvantages of book keeping

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