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How to find out if the bookkeeper is embezzling?
Posted on 6/20/16 at 7:52 pm
Posted on 6/20/16 at 7:52 pm
Several employees have reported that they believe too much tax is being taken out of their check. Like the bookkeeper might be documenting some of the $ as tax & stealing it or something... Is this a common way for them to embezzle with having the numbers right? Nothing major but possibly a few thousand a month..
25
Posted on 6/20/16 at 7:53 pm to RegisteredPharmacist
frick her in the arse
Posted on 6/20/16 at 7:54 pm to RegisteredPharmacist
Chances are your employees are wrong
This would be one of the easiest ways to get caught
ETA: meaning you literally have the dumbest bookkeeper alive if this is how they're stealing
This would be one of the easiest ways to get caught
ETA: meaning you literally have the dumbest bookkeeper alive if this is how they're stealing
This post was edited on 6/20/16 at 7:58 pm
Posted on 6/20/16 at 7:55 pm to RegisteredPharmacist
Just a few thousand a month...no big deal. 
Posted on 6/20/16 at 7:56 pm to RegisteredPharmacist
Few thousand a month. Ya, no big deal.
Douchebag
Douchebag
Posted on 6/20/16 at 7:56 pm to Thib-a-doe Tiger
Tie out the quarterly return to the payroll register...
Posted on 6/20/16 at 7:58 pm to Thib-a-doe Tiger
quote:
This would be one of the easiest ways to get caught
Yep. You wouldn't need a forensic accountant to catch something like that. A freshman accounting student can detect a scam like that.
The withholding stays in your bank account. It's just money you owe to the government at the next pay cycle (monthly or quarterly depending on the size of your payroll.)
Posted on 6/20/16 at 7:59 pm to RegisteredPharmacist
I've heard sooooo many stories of bookkeepers for small business stealing. Usually goes on for quite a while until caught.
Posted on 6/20/16 at 8:01 pm to RegisteredPharmacist
Payroll taxes are easy to find. If your bookkeeper is getting away with that, your internal controls are terrible.
This post was edited on 6/20/16 at 8:02 pm
Posted on 6/20/16 at 8:02 pm to RegisteredPharmacist
You sound like a great businessman
Posted on 6/20/16 at 8:03 pm to RegisteredPharmacist
quote:
Nothing major
quote:
embezzling
That is major.
quote:
few thousand a month
That is major.
I know a guy that had a mom and pop hardware store that went out of business because the bookkeeper was embezzling.
Posted on 6/20/16 at 8:04 pm to SG_Geaux
Perlis bookkeeper was only taking a few grand a month too.....
Posted on 6/20/16 at 8:07 pm to RegisteredPharmacist
Hey man, would you happen to be a pharmacist?
Posted on 6/20/16 at 8:08 pm to RegisteredPharmacist
I don't understand how you quantified it to a "few thousand a month" if you are asking for the best way to determine it. You first need to find out how to catch it and then you would be able to quantify it
Posted on 6/20/16 at 8:08 pm to RegisteredPharmacist
Segregation of duties. One person shouldn't have custodial duties and recordkeeping abilities.
Posted on 6/20/16 at 8:09 pm to RegisteredPharmacist
Take out the fractions of a cent. Then it's a rounding error. Deposit the amount in another account.
Posted on 6/20/16 at 8:10 pm to RegisteredPharmacist
The employees' income taxes are what they are - determined by the IRS, not by the bookkeeper. If too much is being withheld, they are due a refund at the end of the year. So as long as the math adds up between what was withheld during the year and the amount withheld shown on their year-end W2, there really is no opportunity for embezzling here.
Most likely it's just some employees who think they are overtaxed; which is about the same % of inmates who think they're innocent.
Most likely it's just some employees who think they are overtaxed; which is about the same % of inmates who think they're innocent.
Posted on 6/20/16 at 8:10 pm to ehidal1
Somebody watched too many movies.
Posted on 6/20/16 at 8:11 pm to RegisteredPharmacist
Sure as the sun rises in the eastern sky, she is on meth or pills and is stealing from you baw.
Posted on 6/20/16 at 8:17 pm to Carson123987
quote:
How to find out if the bookkeeper is embezzling?
frick her in the arse
With one of these.
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