In the News
When One Person Runs the Show and Why That’s Risky (Your Numbers are Talking)
I can spot the telltale signs that one person is running the whole show almost immediately when reviewing a new client’s books.
They’re entering invoices, approving payments, reconciling the bank account, and managing payroll. Outwardly, it might look like efficiency. But to me, it’s a red flag that there are some serious risks in a business
I don’t say that to scare you. I say it because I’ve seen what happens when there’s no separation of duties. Small mistakes snowball, cash flow dries up, and worse, it’s easy for fraud to slip through undetected.
Separation of Duties in a Small Team: Yes, You Still Need It
When you run a small business, wearing multiple hats is normal. But when one person wears all the financial hats—that’s where trouble starts.
I’ve seen it more than once: A trusted team member who enters invoices, cuts the checks, and reconciles the accounts… and before long, things don’t quite add up. Sometimes it’s a mistake. Sometimes it’s intentional. Either way, it’s a mess to untangle.