How to Defeat Embezzlement


 
Did you know that of the businesses forced into bankruptcy, more than 30% of them failed because of employee embezzlement? Annual embezzlement losses are now estimated to be around $600 billion dollars per year. New reports show that 40% of all reported embezzlements involved the collusion of two or more people who may or may not be employees of the same company. Not only the most difficult to detect, these cases are by far the most costly.
 
Research has also shown that only about 5 percent of all fraud is detected by external auditors. Most embezzlements are found by accident. Even highly trained auditors, CPAs and accountants who routinely work with Financial Statements, Balance Sheet, P&L, and Cash Flow Statement, can not tell when there is something "wrong" with them. Because what's "wrong" is most often a highly skilled mis-appropriation of the funds, designed to blend in and hide among legitimate transactions.
 
If your profits seem to be declining for no apparent reason, you owe it to yourself to find out if embezzlement is going on at your place of business. Download your free pdf "What you should do RIGHT NOW."
 
 
[Detect embezzlement]

         

How to Detect Embezzlement on the QT     $29.95
 
Have you begun to wonder why your company is losing money without there being any logical reason for it? Have you begun to consider the possibility of embezzlement?
    Your embezzler has probably been on the job for some time. He/she has proven themselves to be valuable assets to the company and you have grown to trust them. Because of the trust and the loyalty you feel toward them, even suspecting them of embezzlement feels like a betrayal. You also have a very good idea of the outrage and hurt feelings your suspicion would cause and the subsequent legal hassle should an accusation be wrong. You could appeal to your accountant but he/she'd likely say, "Why do you feel that way?" and then, "Do you have any proof?" and then "We could do an audit but that will cost you big bucks and there is only a 5% chance we'll find anything."
    YOU are the person best equipped to spot discrepancies! It's your business and you know it. So you need to be able to check it out yourself, quietly, without alerting your employees to your suspicions. If you find evidence of something suspicious, then you can have your accountant do an audit.
    All accounting transactions leave tracks. You can read those tracks, even if you don't know a thing about bookkeeping. "How to Detect Embezzlement on the QT" will show you what to do and how to do it; what you're looking for and where you are likely to find it. THEN you'll have real information to take to your accountant.
ISBN 1-889206-37-7    ISBN 978-1-889206-37-0     $29.95
Purchase PDF eBook below through PayPal.

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[anti-embezzle]

         

ANTI-EMBEZZLEMENT METHODS for SMALL (and not so small) BUSINESSES     $9.95
 
These are the methods successful small business owners and managers use to secure their businesses against embezzlement. They are specifically designed to protect businesses with only one bookkeeper and an accounting program that provides for all the accounting functions from deposits through the financial statements -- those businesses the "experts" believe are "screwed"!
    Defining a top down system with YOU in charge, the methods are simple and easy to implement. To the staff they are almost invisible, accepted as the normal way business works. But when they are used consistently, they deter all but the most innovative and determined of embezzlers.
    Eventually, if you want to stay in business, you will set up some form of these methods. So don't wait until after you've been ripped off by an embezzler or two. Do it now, before you're clobbered with huge losses. When Ben Franklin said, "An ounce of prevention is worth a pound of cure", he might have been talking directly to you. Don't delay yourself into becoming a loser! Act now.
ISBN 1-889206-38-5    ISBN 978-1-889206-38-7     $9.95
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Find it on Amazon in the Kindle store: ANTI-EMBEZZLEMENT METHODS for SMALL (and not so small) BUSINESSES
 
And you will also find it as a Nook Book at Barnes and Noble.
 

A graduate of the University of Missouri-Kansas City, JH White has had a life-time career in accounting, retiring as a controller. She is currently a consulting specialist in preventing and detecting small business embezzlement.

Download the Small Business Administration's 43 page PDF "Curtailing Crime - Inside and Out".

 

 
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