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While there is no legal requirement (case law or statutory), from experience in litigating dissolution matters or accounting issues (including improprieties), the use of an impartial third party bookkeeper is invaluable to achieve this goal.
Many businesses will use one service to do their books and have a different service do periodic audits (depending on the size and nature of the business, this periodic audit may occur over a period of annually or more sporadically).
A lack of audits and a reliance on a single individual to control all finances are generally the hallmarks for future dispute and allegations (both well founded and simply perceived) of embezzlement or other impropriety.
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Your other alternative is the audit. You can use audits either at random or at intervals to ensure bookkeeping is consistent and that it reflects the income and expenditures reported by the financial partner (and the business - as well as taxes). There are different levels of audits (both in cost and detail) that you can choose from.
In my experience, a combination of the external bookkeeping and the audit are the best way to prevent this type of conduct, but there is never a sure solution (I have litigated cases where the bookkeeping firm was the embezzler - it was a unique situation, but not entirely unusual).
If the financial partner's role in the company is to do the books, and outsourcing this to another person, or business does not make good economic sense, you may want to consider as a good option rotating through audits - not using the same company each time, and occasionally using an audit that is more thorough than the one preceding and following it.
There are many different ways to take on this sort of risk management. My background makes me somewhat more risk adverse than some others, but as long as you reach a comfortable balance between having a 3rd party looking at the books without making it so you can no longer make a profit, you are usually in the right spot. There are risk management firms that you can hire to get consultations for your business and other such resources that can provide you with specific information for your business that I cannot through this "chat" format, but getting some greater oversight over your finances is probably a good idea for everyone (even your financial partner).
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