How to Protect Your Business From Dishonest Employees

How to Protect Your Business From Dishonest Employees

Scified2022-09-15 08:58:11https://www.scified.com/articles/how-protect-your-business-from-dishonest-employees-9.jpg
Scified
490 Reads0 CommentsAdd A Comment

Statistics and news feeds show that most fraud in business comes from within companies, namely from their employees. This can be very frightening, especially for business start-ups, because anyone can pose a threat. No one is immune to having a scammer in their ranks, not big corporations, not Payday Depot loan companies, not the grocery store near your house.

But this does not mean that the idea of opening your own business is doomed to failure from the start. There are ways to recognize even a potential fraudster and prevent possible problems.

Keep Managing Accounts

Even if you are not a fan of paperwork and bureaucracy, you still need to keep various records. Thanks to them, you can easily navigate your expenses and profits and understand whether there is a thief among your employees. Even the very existence of records can warn a would-be thief against stealing because when you check the next record, his deception will come to the surface.

In addition to protection and a way to combat fraud, records can be a valuable source of information about the profitability of a business. They may also give you the idea of changing suppliers or buying new equipment that will bring you even more profit.

Check the Records Yourself or Take Part in the Process

Accounting can only be an effective way to combat fraud if it is in the hands of someone interested in it. And who, if not you, is most interested in catching the thief? Of course, it will take your time and effort, but in return, you will be absolutely confident in the safety of your funds.

If you allow an individual employee to do the accounting himself, the risk of fraud on his part will increase many times over. If you want to save time, it will be enough to participate in the inspection of records. This will not give the maximum result, as if you do it yourself, but it will also have the effect of warning dubious employees.

Increase Control Over Expenses

Financial leaks are possible from the very first stages of production: procurement. There are schemes to launder finances when purchasing materials to create goods, so it is worth regularly checking the correspondence of purchased raw materials and the number of goods received in the end. 

There are several popular scam schemes at this stage of production. In the first case, the purchasing manager may indicate a greater number of materials than their actual quantity. And the amount that came in for nonexistent materials is shared with the supplier, both of whom are left on the hook, and the company suffers an unjustified loss.

In the second case, a trivial resale of the finished material is possible. The employee includes more resources into the accounting than the production requires and then sells the remainder, which did not get into the counted part.

Such schemes can be exposed by a strict accounting of losses, the number of purchased materials, and the final result.

Treat Yourself to Sci-Fi Swag!

We've partnered with the folks at TeePublic to give fans the opportunity to support one another and express their interests by owning customized, unique merchandise based on their favorite science fiction franchises! Designs are created by fans and a portion of proceeds from each sale go to supporting the artists and their work! Check out the entire store and see if anything gets your attention!

Alien tank top
Godzilla Hoodie
Jurassic World 3 T-Shirt
Predator hoodies
Written by ChrisPublished on 2022-09-15 08:58:11
Related Scified Editorials Articles
0 Fan responses to How to Protect Your Business From Dishonest Employees
Add A Reply

Sign in to add a comment!

Visitor Comments
Sci-Fi Movies All Fandoms
Alien & Predator Alien & Predator Fandom
Godzilla & Kaiju Godzilla & Kaiju Fandom
Jurassic Park / World Jurassic Park Fandom
Marvel & DC Marvel & DC Fandom
Star Wars Star Wars Fandom
Hot Forum Topics
New Forum Topics
Highest Forum Ranks Unlocked
Chris
Chris
43% To Next Rank
Atman
BigDave
BigDave
52% To Next Rank
Martian
G. H. (Gman)
G. H. (Gman)
93% To Next Rank
2K
Svanya
Svanya
86% To Next Rank
2K
GG
GG
76% To Next Rank
2K
Latest Activity

Scified is an entertainment media network covering the latest news on the most popular, upcoming science fiction movies, games and television. All content is property of Scified.com unless otherwise stated. Images and names of content we promote, discuss, review or report are property of their respective owners. Scified is independantly owned and operated by a team of dedicated sci-fi movie fans, who strive to provide the best information and community experience for other like-minded sci-fi movie enthusiasts.

© 2022 Scified.com

Brilliantly

SAFE!

2022
Sign in with your E-Mail


Log in to view your personalized notifications across Scified!

Alien Alien-Covenant.com
Godzilla Godzilla-Movies.com
Jurassic World JurassicWorld3.net
Aliens vs. Predator AliensVersusPredator.net
Predator Predator4-Movie.com
Latest Activity
Forums
Search Scified
Sci-Fi Movies