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	<title>FinanceRegs.com &#187; Reducing errors</title>
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		<title>Top 3 reasons accounting mistakes happen</title>
		<link>http://www.financeregs.com/top-3-reasons-accounting-mistakes-happen/</link>
		<comments>http://www.financeregs.com/top-3-reasons-accounting-mistakes-happen/#comments</comments>
		<pubDate>Wed, 27 Aug 2008 10:00:31 +0000</pubDate>
		<dc:creator>Carol Katarsky</dc:creator>
				<category><![CDATA[Best practices]]></category>
		<category><![CDATA[Communication]]></category>
		<category><![CDATA[Fraud prevention]]></category>
		<category><![CDATA[Hiring & training staff]]></category>
		<category><![CDATA[Internal controls]]></category>
		<category><![CDATA[Special report]]></category>
		<category><![CDATA[Reducing errors]]></category>
		<category><![CDATA[Resource]]></category>

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		<description><![CDATA[
Keeping other department&#8217;s errors from creeping into Accounting is a never-ending battle. Get a handle on these three mistake breeding grounds and you can sleep easier at night. 

Poor communication&#8211; A purchaser amends a contract verbally and doesn&#8217;t tell A/P. The new HR manager forgets to tell Payroll about two new hires that started last [...]]]></description>
			<content:encoded><![CDATA[<p><a href="Post URL"><img class="alignnone size-full wp-image-12" title="IRS regs – for Payroll, A/P and A/R (garnishments, 1099 reporting, W-2s, W-4s, etc.)" src="http://www.financeregs.com/wp-content/uploads/2008/03/irs-regs.jpg" alt="" width="360" height="200" /></a></p>
<p>Keeping other department&#8217;s errors from creeping into Accounting is a never-ending battle. Get a handle on these three mistake breeding grounds and you can sleep easier at night. <span id="more-160"></span></p>
<ol>
<li><strong>Poor communication</strong>&#8211; A purchaser amends a contract verbally and doesn&#8217;t tell A/P. The new HR manager forgets to tell Payroll about two new hires that started last week. The simplest oversights in other departments can cause huge headaches in Accounting. You can&#8217;t do the communicating for them, but staying visible &#8212; and making sure other managers understand <span style="text-decoration: underline;">why</span> you need certain info &#8212; can improve your odds of actually getting what you need when you need it.</li>
<li><strong>Inefficient workflow/Unclear procedures</strong>  &#8211; When employees don&#8217;t understand what the procedure is for changing their withholding or submitting an expense report, you end up spending twice as much time answering questions and fixing mistakes. Once a year, set aside time to review policies, clarify questions that have popped up recently and send a friendly &#8220;reminder&#8221; memo to staffers. It helps keep your procedures airtight and it serves as a re-training tool for veteran staffers and newbies too.</li>
<li><strong>Handling things more than once</strong> &#8212; The more times you (or a co-worker) handle a piece of paper, make notations or access a file, the more likely it is that something gets lost or transposed, or a deadline is missed. As much as possible, make &#8220;One and done&#8221; a goal when it comes to handling routine paperwork and requests.</li>
</ol>
<p>What tactics do you use to rein in these bad practices? Share your tips and strategies in the comments.</p>
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