Cash flow and payment terms go hand-in-hand
One thing that is clear to every business owner is that cash flow is essential to keeping a company running smoothly.
Author Archives
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Former newspaper accounting manager receives jail time for embezzlement
Few businesses can afford to eschew the use of audit solutions.
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Lack of financial controls results in lost money for Ohio school
Taking a hands-off approach to financial management is often a recipe for disaster.
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Former Tenn. bank teller pleads guilty to embezzling funds
Another case of fraud committed by a former bank employee brought to light the need for accounts payable recovery audits at organizations that handle consumers’ money.
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Ex-credit union employee pleads guilty to embezzlement
Accounts payable audits have a key role to play at such financial institutions – and a recent case served as a reminder of this fact.
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Ohio man accused of embezzling credit union funds
Firms need the assurance provided by accounts payable and recovery audits in order to feel confident that executives aren’t mishandling the funds with which they’re entrusted.
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Ex-banker accused of embezzlement arrested following disappearance
Aubrey Price, a former banker at Montgomery Bank and Trust in Ailey, Ga., was recently arrested during a traffic stop for an outstanding charge of bank fraud.
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Former CFO indicted on fraud charges
When oversight of corporate bank accounts and income is consolidated rather than continually monitored through accounts payable audits, fraud can go undetected for quite some time.
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Maine health care clinic closes after employee embezzles funds
Lack of care in financial monitoring can open the opportunity for less-than-trustworthy employees to perpetrate fraud – and often, the results can put an end to a business.
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YMCA employee charged in embezzlement case
Theresa Leguillow of Allentown, Penn., was recently accused of embezzling more than $100,000 from the local YMCA.