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Justin Skortis has hired you to be the book Skortis Landscaping, LLC. As the sole bookkeeper for the company, you are responsible for recording all the transactions that occur (cash, accounts payable and accounts receivable). In larger companies, these tasks are often divided up amongst many different individuals.
Problem 1: Explain WHY a company would want to separate the Accounts Payable Clerk, Accounts Receivable Clerk and Office Administrator (Cash handler). What would be the purpose of having the deposits, invoices, and bill payments entered by separate people? Problem 2: Why would a company the size of Skortis Landscaping, LLc potentially have a problem separating these roles? Problem 3: What suggestions would you provide to a small company to help them with the separation of these duties?
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