Let’s say you’re a bookkeeper and you reconcile a checking account. You receive the statement for the month of April, then May, then June. You reconcile the accounts each month. Each month, there is an outstanding check for several thousand dollars, payable to the United States Treasury, dated April 15.
Do you:
- Immediately look at the register to find out if some error has occurred internally.
- Notify your boss that there may be a “slight problem.”
- Contact the IRS to confirm receipt of payment.
- Drool
Guess which happened here.