Fraudulent invoicing is one of the top fraud risks for smaller businesses. Members of Forbes Finance Council share tips to help small businesses ensure they don't fall prey to fraudulent invoicing. Fraudulent invoicing can be mitigated by having simple checks and balances between management and accounting. Having internal controls for all of your accounting processes is the best way to mitigate fraudulent invoicing. Establishing checks and balances within a company is crucial for avoiding fraudulent invoicing.

Source: Forbes April 16, 2021 17:03 UTC