True Stories for October 10

In our blog, we like to pass on good information we find regarding errors, fraud, QuickBooks, and other accounting material for small businesses. Unfortunately in these harsh economic times, fraud is becoming an even bigger issue for small businesses- especially workers’ compensation fraud. Here are “The Good, the Bad, and the Ugly” of workers’ compensation [...]

True Stories for September 13

Vendor fraud is a scenario when someone creates a fictitious vendor name to hide money for personal gain, earns unlawful kickbacks, overbills the company- you get the idea. Vendor fraud may not be the first type of fraud that comes to mind. However it’s still fraud, and no small business owner wants to deal with [...]

True Stories for September 7

Employees are people you hire to help run your business smoothly with you and when you are unable to. You hope that they are knowledgeable, dependable, and above all trustworthy. Managers and directors of small businesses often call the shots when the owner is not around. Unfortunately, not all employees are as honorable and can [...]

True Stories for August 30

Check fraud in something we have all heard of but not something we are ever prepared for or want to go through. These are stories of check fraud happening to businesses around the nation. Our goal is that with AuditMyBooks Analyzer, we are able to help fight check fraud and catch accounting errors in small [...]

True Story Round-up for August 4th

http://www.kait8.com/story/15087572/several-arrested-in-connection-with-check-fraud-scheme
A wide-spread check fraud ring is currently being investigated in Arkansas. Some of the confiscated counterfeit checks were made to look like local businesses in Jonesboro, AK. These checks mimic payroll checks from the company, Staffmark. The exact amount of check fraud is unknown, however it is said that it is an access of hundreds [...]

True Story Round-up for June 15

A Bookkeeper pleaded guilty to tax evasion and fraud following charges that she embezzled money from her employer.  She was working as a bookkeeper for Pernikoff Construction in St. Louis, where she fraudulently wrote 144 checks from the bank account of her employer to a personal credit card account, sometimes [...]

True Story Round-up for June 3

Sometimes it’s a spouse, girlfriend, relative, accountant, or business partner.  Unfortunately, more often it’s a trusted, longtime employee who has an insider’s knowledge of your bookkeeping practices and access to your bank account.  (read more about fraud in Dental practices)

We had a small loophole — we weren’t double-checking someone we trusted.  She [...]

True Story Round-up for May 18

A former bookkeeper has been sentenced to four years, five months in prison for defrauding the Southwest Virginia Emergency Management Services Council.

Prosecutors told jurors that former part-time bookkeeper Jennifer Zito was a “very good liar” who stole from an elderly businessman who had no accounting or computer skills.

A man pleaded guilty [...]

True Story Round-up for May 12

A 36-year-old woman has been sentenced to nearly three years in federal prison and ordered to pay nearly $222,000 in restitution for money she embezzled while working as a bookkeeper.

A bookkeeper who confessed to stealing $50,000 from her employer is now facing felony charges.

The former bookkeeper of a real estate company was recently [...]

True Story Round-up for May 4

A bookkeeper from was charged with first-degree theft for allegedly embezzling more than $205,000 from a construction company.

A bookkeeper faces up to 15 years in prison after pleading guilty Monday to embezzling more than $110,000 from two customers.

A woman is charged in a scheme to take more than $275,000 from the roofing company [...]