Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Basic Business Terms and other Small Businesses topics.

What are Accounting Controls?


Bonding is the process by which an employer can be indemnified for the loss of money or property sustained through dishonest acts of a "bonded" employee. This can cover many types of unlawful acts including embezzlement, forgery, larceny, theft, misappropriation, or other dishonest acts committed by an employee, alone or in collusion with others.



Nobody has commented on this tip yet. Be the first.


URL: (optional)


Not finding the advice and tips you need on this Small Businesses Tip Site? Request a Tip Now!

Guru Spotlight
Sheri Ann Richerson