Accounts Receivable Controls

VITALICS ACCOUNTS RECEIVABLE FORMS

Income and receivable control forms are an essential part of managing your revenue. They are commonly used to provide accountability and approval so managers, owners and employees can have assurance that the revenue earned by the business is accounted for through the books and records.

Accounts Receivable Forms


ACCOUNTS RECEIVABLE FORMS ONLY$29

  • Electronic Download
  • 20 AR Control Forms
  • Compatible with Mac
  • Customize in Word & Excel
  • Easy to Modify in Word Excel Adobe
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VITALICS FORMS BUNDLE$129

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FRAUD TOOLKIT & VITALICS$298

  • ELECTRONIC DOWNLOAD
  • 2 HR VIDEO FRAUD PREVENTION
  • FRAUD MANUAL
  • VITALICS FORMS BUNDLE
  • COMPATIBLE WITH MAC
  • FREE EMAIL SUPPORT
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WHAT IS VITALICS

Vitalics is a small business internal control program that provides all the tools to easily set up and implement your company’s controls.  Vitalics contains over 140 already created yet customizable internal control forms, checklists and templates in a desktop application.  Vitalics forms are also available separately.   Whether you are a business owner, office manager, bookkeeper or accountant, Vitalics will provide you the reassurance that your work or your company assets are protected.



DID YOU KNOW ?

A skimming scheme is one of the most difficult schemes to prove because the money leaves the victim organization before it is recorded on the books. There is usually a manipulated sales receipt or customer invoice or an adjustment to inventory in order to force this scheme to balance to the books.

COMMON OCCUPATIONAL FRAUD SCHEMES

Types of Business Schemes

Altering cash receipts is easily perpetrated when the employee has access to the bank deposit and bank register. The employee receives the cash, records the deposit and manipulates the books to balance to the amount of cash or checks they removed from the bank deposit.

Employees who skim from victim organizations take cash off the top before it is recorded on the company books. This is called an off-book scheme where they leave no direct audit trail. The duration of this type of scheme lasts 18 months before detected.

Kiting is the where cash is recorded in more than one bank account, but in actuality, the cash is either nonexistent or in transit. Kiting schemes can be perpetrated using one bank and more than one account, between several banks and different accounts.

Altering cash receipts is easily perpetrated when the employee has access to the bank deposit and bank register. The employee receives the cash, records the deposit and manipulates the books to balance to the amount of cash or checks they removed from the bank deposit.

INCOME CONTROL PROCEDURES
Helpful suggestions

Requiring approval for Bad Debts
Bad debts are an easy place to perpetrate embezzlement. Authorized approval for writing off a bad debt to ensure legitimacy.

Cash recorded as soon as it is received
Cash and checks must be recorded immediately and approved by an owner or manager before it is deposited.

New customers must be verified
If you give terms to your customers or clients, have them fill out a customer application and verify all information they provide.

Review Customer Accounts
Following up with customers or clients on their satisfication regarding your services, products and pricing will keep you in front of possible fraudulent issues. Reviewing their accounts and actual payments will reduce risks within your organization.

Accounts Receivable Control forms

  •    Form 1
       Form 2
       Form 3
       Form 4
       Form 5
       Form 6

  • Vitalics control forms bundle

  •    Form 1                                                Form 1
       Form 2                                                Form 1
       Form 3                                                Form 1
       Form 4                                                Form 1
       Form 5                                                Form 1
       Form 6                                                Form 1