|
||
Is your accountant skimming off the top? How to know.
No matter what you should know your companies finances. Sadly, it is a problem in today's world that accountant's are stealing money from their companies. They can steal money easily since you aren't in control of the day to day finances. You should know some ways on how to protect your account. Research states that many accountants steal money from their companies because they hold a personal grudge or vengeance against the boss or the company. They also steal because it is easy and they have no moral to resist easy money. Your accountant can steal from your inventory and assets, from petty cash fund, they can steal from deposits, and even directly from your checking account.
Stealing from inventory is a common problem in many companies, it is easy to walk into a room and load up their car with anything if you are not around. You can protect yourself from this by installing a security camera, even a dummy camera that looks real. Accountants steal money from petty cash funds all the time. It is usually not tracked until the end of they day, so they can embezzle a little money everyday even if it is just a dollar or two. You can protect your account by locking it in a drawer or filing cabinet. Cash usually needs to be given out sparingly and you should only give out cash in exchange for a receipt. -
Being educated about your finances and how you can track your accounts is the key. You should be well informed about different types of expenses and profits that are going on within the organization. Educate yourself with accountant terminology so you are thoroughly rehearsed in all aspects of your accounts. If you find yourself relying on others for clarification it opens the door for dishonesty and manipulation by your accountant. You can also protect your account with your bank by setting up account tracking. Your bank can inform you of any withdrawals or deposits that were not reported directly to you. In the end you don't want to leave any negotiation with an accountant stealing money. You should disclose a termination policy when they are hired to let them know up front that you track your accounts and any deceit on their part will result in them losing their job.
,
|
||
Copyright 2003-2020 by BusinessKnowledgeSource.com - All Rights Reserved
Privacy Policy, Terms of Use |