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Posted by Nesli O Hare

Employee theft is something that no business owner wants to experience. Unfortunately, the culprit is often a trusted employee who has never complained about working overtime and without vacations. If you notice a combination of the following warning signs, it will be well worth your while to start investigating.

  • There is an unusual drop in your profits.
  • Your records are disorganized.
  • There are unexplained changes in your accounting records.
  • There are unusually large or numerous credits to a particular customer.
  • An employee works late, on the weekends and refuses to take vacations.
  • An employee's standard of living changes to a degree that is inexplicable based on her salary.
  • Documents are missing.
  • Bank deposits delayed.
  • Customers are complaining about having already paid a bill.
  • There are too many increases in past due accounts receivable.
  • Check amounts are altered.
  • Duplicate payments are made.
  • Bank reconciliations have too many outstanding checks.
  • Too many payments are being made to individuals with the same name or address.
  • Vendors' addresses are the same as an employee's address.
  • Bank reconciliations are late.
  • Accounts receivable and payable don't balance.
  • The petty cash fund is disappearing.

Several of our largest clients utilize our service because they know they are protected.  In each of their cases, they had a trusted employee steal from them and they don't want to experience it again. 

Foster Results insures our customers against theft, as well as errors and omissions.  We want our clients to be secure in their business' financial health.

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