When you're running a small business, it's easy for one person to wear too many hats—especially when it comes to finances. But even in small teams, it's critical to put checks and balances in place. That’s where segregation of duties comes in.
Segregation of duties (or SoD) means splitting up key responsibilities so that no one person has control over an entire financial process. It’s a basic internal control that helps reduce errors, prevent fraud, and create accountability in your accounting system.
Learn more: bettehochberger.com
