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Segregation of Duties: Why your A/P person should not be responsible for A/R.

To accurately keep tabs on your company’s performance metrics, you may want to segregate your accounting duties to minimize conflicts of interest. You should assign the accounts payable (A/P) and accounts receivable (A/R) jobs to separate individuals in Missouri to ensure your financial metrics remain complete and accurate. If you assign both of these task to a single person, you may find it difficult to control your accounts and quickly resolve discrepancies. Read on to learn the main reasons why your A/P professional should not handle your A/R tasks. Account Control You can employ separate A/P and A/R professionals to keep your accounts balanced for improved cash flow through your company.

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