The Bookkeeping Coach - Warning Sign 1

In a concerning case, a small manufacturing company discovered that their bookkeeper had embezzled over $200,000. The owner admitted, "She handled everything. I was just grateful not to deal with it." This abuse of trust highlights the dangers of one person controlling all financial aspects.

The bookkeeper deposited most customer checks correctly, but occasionally funneled funds to her private account, blaming "insufficient funds." This deceit lasted three years due to lack of oversight and separations of duties.

Watch for red flags: if your bookkeeper demands to open all mail or becomes defensive about sharing financial responsibilities, take heed. Maintain checks and balances by having multiple people review finances.

Secure your business: prevent fraud by ensuring transparency and independent reviews.

To explore more about protecting your finances, visit bookkeepingcoach.net.

Видео The Bookkeeping Coach - Warning Sign 1 канала Bookkeeping Coach