Randall gave some tips for business owners to avoid being the next company on his list of fraud victims.
Have an independent party (Randall) due reconciliations so its hard to hide misdeeds.
Pay attention to what in on bank statements particularly if check numbers are out of sequence or if a payee name is wrong on a check.
Don’t give access to checking account. If on vacation use a signature stamp and provide a small amount of checks for staff to use.
Use Quickbooks functions to lock out a period so records can be changed at a later date.
Quickbooks can also provide a report of deleted transactions to check for fraud.
Give Randall a call if you need more time working on your business instead of keeping its books.