Sign All Your Own Checks
I have nothing against your bookkeeper. In a small business, however, people — especially full-charge bookkeepers — can bamboozle you too darn easily. By signing all the checks yourself, you keep your fingers on the pulse of your cash outflow.
Yeah, I know this practice can be a hassle. I know that you can’t easily spend three months in Hawaii. I know that you have to wade through paperwork every time you sign a stack of checks.
By the way, if you’re in a partnership, I think that you should have at least a couple of the partners co-sign checks. Or at least the big checks.
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