The Overlooked Basics
The Overlooked Basics
A summary of what every dental practice owner should know and implement in the day to day operations of their practice.
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Employee Embezzlement - Account Auditing

Employee Embezzlement - Account Auditing

2/7/2019 9:00:00 AM   |   Comments: 0   |   Views: 19
                                        
Tips for Monitoring Your Bank Account
                                        
Your Monthly Bank Statement
                                        
Always have your monthly bank statements mailed to your home address, and check for the following items:
                                        
1. Who the checks are written to
            2. Are there duplicate payments
            3. Payroll checks – the number of checks and whether or not an employee has received any extra payroll checks
            4. Check endorsements
            5. Bank charges – fees, overdrafts, returned checks, late payments, other items that you don’t recognize
            6. Debits to your accounts
            7.Automatic monthly payments
                                        
Your Checking Account
                                        
A practice owner should always:
                                        
1. Personally review and sign all checks
            2. Review the invoices, statements, receipts or supporting documentation for check approval
            3. Make sure you recognize the vendor and understand the reason for writing the check
            4. Use professionally printed checks with multiple security features
            5. Frequently inspect the checkbook to ensure that no additional checks have been taken from the back of the checkbook
            6. Keep all voided checks in order to account for all of the check numbers

OBERMAN LAW FIRM 

Stuart J. Oberman, Esq handles a wide range of legal issues for the dental profession including cyber security breaches, employment law, practice sales, OSHA, and HIPAA compliance, real estate transactions, lease agreements, noncompete agreements, dental board complaints, and professional corporations.
 
For questions or comments 
regarding this article 
please call (770) 554-1400
or visit 
www.obermanlaw.com
 
 Email Emily Scarborough at emily@obermanlaw.com to hear Stuart J. Oberman, Esq speak at your next event.

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