Which changes should josh make to improve controls over cash

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Reference no: EM133903359

Problem

Josh Flagg owns a small service company with the following processes: Payments are received in person at the front desk as well as in the mail. There is one secretary who opens the mail, prepares and makes the bank deposits, and records them in the accounting software package. Josh prepares bank reconciliations regularly and reviews the aged accounts receivable listing any time there is something outstanding for 90 days or more. Get the instant assignment help. Which changes should Josh make to improve controls over cash?

Reference no: EM133903359

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