November 08, 2024
Letter

Hire an accountant

Although the conclusions in your editorial about embezzlement are generally sound, you neglected to mention the value of outside accountants periodically surveying the accounting procedures of a business. This is in addition to sending out the annual figures to someone to prepare a tax return.

A relationship with a good, certified public accountant is an excellent investment for even the most cash-strapped business.

On a practical level, the business owner doing his or her own bookkeeping very often is financially inefficient at best or an unmitigated accounting disaster at worst.

Charles Veeder

Orono


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