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Small companies spend a higher % of their profits on audit than big companies. Relatively speaking, an audit is more expensive for smaller and medium sized companies.

Imagine you are responsible to release funds according to invoice details. Suddenly a vendor asks why their payment is overdue. But you already paid it last week, how can this be? You come to the chilling realization that you have become a victim of a Business E-mail Compromise. 

Ever wondered why that audit was so expensive? In this post I’ll show you how a simple accounting extension, called Triple Entry Accounting, (TEA) can save you and your auditor time and money.