20 Oct Bookkeeper Embezzlement
“I hate this scenario, and I find myself here at least several times a year. It’s a new client, sometimes in tears, sometimes with steam coming out of their ears, recounting a story about how their trusted bookkeeper stole thousands of dollars. It’s a tricky place to be, of course, as I am often being interviewed as the replacement. It’s my job to educate the client on how to prevent this awful experience from occurring again while simultaneously gaining her trust after it’s just been so horribly broken.
Unfortunately, bookkeeping is an unregulated industry. Unlike CPAs (or Certified Public Accountants), who must pass and stay certified by their local state licensing agencies, bookkeepers are a little rogue. Additionally, if you think you can call your local police station and have someone arrested for a crime like this, think again. “White collar crime,” in which bookkeepers or assistants steal from you using various mechanisms (which I discuss in this piece) are very hard to prove and police don’t respond (at least in my experience) particularly rigorously.
So, let’s talk prevention.”
The rest of this extremely informative article written by Justine Lackey can be found at https://www.dailyworth.com/posts/2641-is-my-bookkeeper-stealing/1 . It’s well worth the read.