Common Business Thefts, Specifically by Employees

Common Business Thefts, Specifically by Employees


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The following examples represent common business thefts, specifically by employees:

     • Keeping two sets of books.

     • Stealing from the cash drawer.

     • Stealing merchandise and materials.

     • Charging inactive accounts.

     • Paying bonuses to those that are not supposed to receive them.

     • Increasing amounts on checks and invoices after they have been paid.

     • Paying bills to companies that do not exist and then cashing those checks.

     • Reducing amounts of outgoing invoices in the books, then paying the
     reduced amount in cash and then appropriating the customer’s check.

     • Padding payroll and cash expenditures.

     • Not crediting cash payments.

     • Removing ledger sheets from the business to cover up shortages.

     • Invoicing materials below sale price and receiving the undercharge from
     the customer.

     • Issuing checks for goods that were not returned.

     • Stealing incoming payments and applying that money to subsequent
     remittances.

You may feel that your employees would never steal from you or that your business would never be the victim of theft, but the harsh reality is that nearly every business is eventually victimized by fraud or theft. In this day and age, thieves (including your employees) do not need direct access to cash to steal from you; merchandise, supplies and securities are all fair game. You may also be susceptible to losses in the event that finished products or even raw materials are stolen right from under your nose. Essentially, any product can be a target for thieves if there is an opportunity to make a resale profit.

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