Reduce Cash Leakage with Better Controls
Leakage often happens silently through weak controls, poor review routines, and process gaps. These 12 checkpoints help SME owners strengthen control without overcomplicating operations.
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What We Mean by ‘Leakage’
Leakage may include avoidable losses caused by weak approvals, delayed entries, undocumented cash movements, duplicate payments, poor stock-accounting coordination, or limited owner visibility into the flow of money and transactions.
12 Practical Control Checkpoints
- Separate initiator and approver roles for payments (where possible)
- Daily cash summary reviewed by owner/supervisor
- Bank payment approval trail maintained
- Purchase bills matched before entry/payment
- Expense categories standardized to avoid hidden leakage
- Weekly review of top unusual transactions
- Stock movement and billing reconciliation checkpoints
- Credit sales and collection follow-up tracker
- Petty cash limits and replenishment rules
- User/access discipline in accounting software
- Monthly owner review of summary reports
- Exception log for recurring issues and corrections
Start Small, But Start Now
You don’t need a complex internal audit system on day one. Start with 3–5 checkpoints that match your biggest risk areas, then build a monthly review rhythm. Even simple controls can reduce repeated leakages significantly when followed consistently.
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