Fraud doesn't only occur in large organizations

 Did you know Quickbooks Online has a worflow approval process? 


Recently I discovered a scheme where the construction bookkeeper was paying for work on her home using company funds. The owner allowed her to process payables under a $ amount using the workflow tool. To avoid detection she paid the invoices in multiple increments below the threshold. 


This could have been detected if owner reviewed the bank activity, physically signed the checks and matched them to invoices or outsourced to my company to review the bookkeeper's work.




#womanownedbusiness #constructionaccounting #smallbusinesssupport #smallbusinesstips #acccounting #latinabusinessowner #consultant #bookkeeping #smallbusiness #managementconsulting #internalcontrols #consultantservices #cfe #consultation #fraud #bookkeeperfraud #outsourcedaccounting #outsourcedbookkeeping

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