Question

A. Handling all cash receipts, including payments received on account. B. Preparing and distributing all checks,...

A. Handling all cash receipts, including payments received on account.

B. Preparing and distributing all checks, including all checks written on the payroll and general accounts.

C. Signing checks when the owner/ manager is absent, which amounts to about 15% of the checks.

D. Preparing the bank reconciliations for both checking accounts.

E. Performing all of the accounting related to accounts receivable.

Required:

1. You have been asked to evaluate the above responsibilites and, from an internal perspective, advise the owner on how Harris's duties could be split between two people.

2. You are asked to tell the owner/ manager what responsibilities currently handled by Harris should be handled by the owner/ manager.

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