//Checks And Balances: The Corporate Structure

Checks And Balances: The Corporate Structure

S&P 500 record highsGood Morning Clients, Future Clients, and those that just happened upon us on this lovely Tuesday! Today I wanted to discuss management, checks and balances, corporate structure.

The checks and balances of your company’s structure are one of the utmost important aspects of your flow. You want managers, but maybe you don’t want micromanagers You want happy employees, just not lazy, lethargic ones. Your company needs checks and balances to happen in order to ensure that quality and evolution are happening on a daily basis. Here are some ways an owner or director can help the process.

Encourage open discussion and communications between all levels of management and employees. You want to prevent managers from developing any cases of “closed office doors” and any employees from catching cases of “detachment blues” and also not to multitask because it has been proven to be ineffective.

The less communication happens, the more distance develops between the managers and employees. When this happens, employees lose focus and motivation and managers begin to feel excluded from the labor process. Having managers sit with employees and help the workflow (not stand over it and micromanage it) is a great way to undermine lack of communications.

Create a system of quarterly reviews. Make sure the reviews are set up allowing the employee to also assess their own performance as well as comment on their job description (how could what they do be improved, what type of task would make them happier, what are their professional goals with the company).

Prevent an environment of micromanagement from infecting your company. Of course, it’s a fine line, you don’t want a company with everyone working with no supervision. However, if you follow some of the tips above, which encourage communications between all levels of your corporation, you by way of niceties do prevent it.

I hesitate to use this example, however, it best describes the fundamental idea here. Some low-end department stores will follow a patron around a store if they think they are going to steal, they may even ask them to search their purse or bag. High-end stores greet you as soon as you enter the store and ask you if you need any help. In the first example, you spawn aggression and create an environment of distrust. In the second, you encourage politeness, helpfulness and display that you are in charge of your business. It’s all in the packaging (pun intended).

Payment Delivery Via An Outsourced Partner

Employers are always looking for a variety of ways to save money. Saving money is the goal of any business because saving money leads to more profit in the end. One popular way to do this lately is to outsource accounts payable checks mailings to another company.

How Outsourcing Benefits Business

Some novice business owners may wonder why anyone would ever transfer some of their own responsibilities onto another business. They see releasing any amount of control as a negative, but that does not have to be the case at all. Enterpreneur.com explains it this way,

For many businesses, payroll services offer an attractive and valuable alternative to in-house processing. Chosen correctly, they provide a less expensive, simpler means of paying your employees, filing your taxes, and performing a host of other duties these companies’ sales reps can’t wait to tell you about.

This is important to realize. If there is a saving for outsourcing a service that does not generate a profit, then it is probably wise to go ahead and outsource that service.

Highly Trained Employees

One of the pitfalls of keeping payroll in-house is the possibility that payroll employees will not have enough training to do their job accurately and effectively. This, of course, is a big problem when it comes to payroll as mistakes made in this department can have huge repercussions. Companies that provide payroll services have highly trained employees whose only job is to process payrolls. They typically have plenty of years of experience and are more than happy to work with you.

Dealing With The IRS

Outsourcing payroll services allow business owners to keep some peace of mind when it comes to dealing with the IRS. It has been stated that some 33% of businesses have a payroll mistake. The vast majority of those are ones that run their payroll operation in-house. This means that those who outsource their payroll can at least rest at ease that they are very unlikely to have a mistake with payroll or a problem with the IRS.

 

An Accounts Payable Department You Can Get Excited About

Paying clients and vendors and customers is a part of the process. Your small business depends as much on the outgoing cash flow as it does the incoming. Having the best accounts payable business process is more important than you think. Even being able to refund customers adequately under certain circumstances can be a pretty important part of maintaining your business. But more often than not, small business operators neglect to pay attention to this aspect of their core competency. But this is a big mistake. The accounts payable department can be as much a leak to your business as it can an intricate part of the process!

How can Check Issuing help? We have the test accounts payable business process!

Check Issuing is the premier check writing service for account payable departments all over the world. We have a stellar reputation backed by numerous flattering and positive reviews. We are great to work with. We always work hard to earn your business continuity.

Check Issuing takes the weight off your shoulders when it comes to accounts payable. We know you’re maxed out regarding to-do list and management. You need a company that you can plug in via a simple, matter of fact method. You don’t want hassles. You want to be able to sleep easy knowing that a company like Check Issuing has you covered.

And we do (have you covered). We will cover you like a warm blanket (ok, that was mildly awkward, sorry).

We help you prevent check fraud. With decades of combined merchant banking experience, we know the deceitful and criminal game of check fraud well. So we can prevent it. Preventing check fraud is one of our biggest focuses. Our envelopes are first in class when it comes to security. We don’t mess around when it comes to protecting your company’s financial interest. You can depend on us.

We are a professional service, and we can make sure your business checks are professional checks. We can brand your company’s logo on your business checks. Why send plain checks out when you can send personalized checks? Your company relies on its perception, and that starts with people cashing your checks.

We can help you disseminate information with ease by slipping memorandums and pamphlets in our secure check envelopes. Want to alert clients of upcoming discounts or a referral program? Do so easily by using the Check Issuing check writing service.

 

Resources:

Business structure example

Business structure types

 

By |2019-02-07T07:22:14+00:00August 26th, 2014|Accounts Payable|Comments Off on Checks And Balances: The Corporate Structure

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