When your business is in the startup phase it is almost certain that the founder(s) will know where every single penny is being spent—it’s the nature of financial scarcity. But as your company grows, this becomes unrealistic and could become counterproductive if you neglect sales. You have to establish procedures that ensure timely and accurate payment to vendors. But despite doing everything you should, fraud and mistakes do happen.
Go to the article: Accounts Payable Fraud Can Fool Anybody
