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Harmony is vital when it comes to operating a business efficiently. Even though sometimes unintentional mistakes do happen when it comes to relaying financial information, measures must be taken to address these mistakes whenever or before they occur. While it is easy to detect errors by checking daily financial entries, it is always advisable to prevent these errors, as failure to detect them could represent a significant effect in the financial position of any business organization. The onus of error control rests with the management through the implementation of strong internal control systems and control policies. One such policy is the employment of qualified people who make little or no mistakes and also can easily detect and stop long standing error continuity. Mistakes have usually been known to be committed by unqualified staff. Staff should be given ample time to attend to their duties without putting undue pressure on them, this will go a long way in preventing mistakes. Workers who have been given a particular deadline to complete an enormous task are often prone to commit errors. The staff should be more closely supervised and encouraged to take breaks in order to reduce errors. Apart from overseeing staff another control measure that can be adapted by the management would be the use automatic and surprise checks on items such as cash and routine balancing of entries which are prone to errors. The major advantage in this is that any continuing mistake is usually stopped and rectified before it gets out of hand. It's therefore the responsibility of any management to determine the right balance of implementing these controls and policies that suit their business according to the amount of funds available for such use. A highly capitalized firm could even mechanize its accounting systems and particularly in areas such as cash handling. Stephen is an business management expert. He researches and studies on big and small business strategies . Website: Business Management Strategies for efficient business operations.
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