Tag: segregation of duties

How to Run AP, AR and Payroll at $3M Without a Finance Team

Past $3M the software is not the problem: the missing piece is four written processes, one split of duties, and a close with a date on it. At $6M you bill about $16,400 a day, so seven days off your collection period releases roughly $115,000. The AP, AR, payroll and expense design, the callback control that stops payment fraud, and the order to buy bookkeeper, controller and fractional CFO.