Bookkeeping Services Charleston SC Detecting Fraud in Bookkeeping


Jeb Molony

e-vos bookkeeping services can help businesses streamline their bookkeeping processes, improve reporting and reduce overhead.  Bookkeeping services are cloud based and can be provided to businesses outside of Charleston, South Carolina. ________________________________________ This is a piece reprinted from Gurufocus.com about spotting theft with bookkeeping and accounting Edmond Locard, a pioneer in forensic science, formulated the very basic principle of forensic science: Every contact leaves a trace. Companies which cook their books will leave investors with clues of their actions in the accounting trail. While it is impossible to catch all the thieves, investors should equip themselves with basic forensic skills to avoid the most common accounting shenanigans. I introduce five items to take note of, in the process of checking for possible accounting shenanigans. A large amount of cash with extremely low deposit rates is a major warning sign. If the company’s cash yield is significantly lower than bank deposit… Read more!

Bookkeeping Service Prevent Employee Theft


Jeb Molony

Below is a reprint of an article by Joyce Rosenberg of the Associated Press.  The article talks about employee theft and preventing employee theft when bookkeeping is involved.  Bookkeeping services are a great way to prevent employees from becoming entrenched and controlling the flow of information.  The e-vos bookkeeping service takes the idea a step further by allowing business owners to outsource their bookkeeping services completely in order to shift the risk of theft from the business owner to e-vos. NEW YORK — It often starts with a trusted employee. Invoices might be forged, or checks might be stolen. By the time the boss catches on, thousands of dollars have been stolen. Employee theft or fraud is a big and expensive problem at many small companies. But the pain is often more than monetary. A boss feels a sense of betrayal, anger and shame. A look at the problem, and… Read more!