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Creating a Powerful Business


About Me

Creating A Powerful Business

If you are like most people, you might have an idea or two about a new business, but wonder what you can actually do to make the wheels start turning. I began focusing more carefully on business a few years ago, and it was really interesting to see the difference that we were able to make. Within a few short months, we were able to completely overhaul our company, and it really helped to make it more powerful in the long run. I wanted to start this blog to help other people to create incredible businesses that can help the world.

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Archive

Embezzled: How To Prove That No One In Your Company Is Embezzling

When you have someone in your company facing embezzlement charges, it is a very serious situation. It not only reflects poorly on your company, but it also causes employees to pause and question whether or not they will be paid. The trickle-down effect of embezzlement charges effects every employee, even when they are not the ones being charged. The best thing to do is to disprove the embezzlement charges and eliminate this blot on the company record as quickly as possible. Here is how you can do just that:

Hire Forensic Accounting Services

Forensic accountants are accountants who cruise through company accounting books, looking not for simple accounting errors, but very blatant errors in accounting. These blatant errors may reflect crimes indicative of someone who is embezzling. That can include intentional errors that leave out a profit of thousands, or subtract funds that were never paid to the recipient or business named. If no such errors exist in your company's records, the person or persons charged with embezzlement may be cleared of wrongdoing.

Forensic Accountants May Disprove Embezzlement, but May Uncover Other Crimes

Forensic accountants are like private investigators. They find a money trail and follow it to its end to make sure it goes where it is supposed to, and nowhere else. While the forensic accounting firm you hire can help you disprove embezzlement, you should know that his or her services may lead you in another direction entirely.

For example, administrative assistants in payroll may be skimming the top, taking fifty dollars here, twenty dollars there, until it adds up. Petty cash may be spent, but not on the usual company-approved purchases. Other deficits in funds may uncover other white collar crimes within your company. If you are ready to deal with these crimes, as well as ready to deal with the offenders, then hiring the forensic accountant can do much more for your company than just disprove the embezzlement charges.

The Big Upshot

Of course, the opposite could also be true. The forensic accountant could disprove the embezzlement charges, but also find absolutely no other signs of white-collar crime in your company. While that tends to be rare (because human greed almost always leads to a thief in the midst), if it is true of your company, you can be very proud of that fact. You may even want to reward your employees for their honesty and dedication. Just make sure you enter every monetary reward in the books separately, in case you ever need the services of the forensic accountant again.

Contact a company like MacKenzie & Company LLC for more information and assistance.