05-06-2017, 10:58 AM | #89 |
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05-07-2017, 10:52 AM | #90 |
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I read the article, then this thread. I am trying to decide whether to be disturbed or amused by the number of folks grumbling about not knowing the outcome of the BMW booty. Probably gonna go with "both".
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05-08-2017, 11:31 AM | #91 |
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Always.
There is always a second set of books somewhere. Think of it this way: there has to be some way to make the fake numbers add up and balance - you have to know what the real numbers are to be able to do this.
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05-08-2017, 01:38 PM | #92 |
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LMFAO
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05-09-2017, 06:49 PM | #93 |
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Not necessarily so. It depends on how many people are even looking at the numbers. In this case it sounds like the answer is "one (formerly) trustworthy employee".
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05-10-2017, 04:09 PM | #94 | |
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Quote:
one has to come up with interim internal financials, year end numbers and tax returns. accounts have to balance. debits must set off against credits. there is always some way that the crook has kept track of this so that it can all be explained at the appropriate time and the accounts will balance. even if those he works with trust him, there is an external bookkeeper or accountant, the bankers, the tax authorities, etc. someone will at least do a cursory look at the books and the crook needs some sorta explanation handy.
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05-10-2017, 07:07 PM | #95 |
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It sounds like all he did was pay himself extra payroll checks. So payroll would be inflated but would only be caught by someone who knew what payroll should be - such as the owner who should know how much periodic / monthly / annual payroll should run him. Doesn't sound like it was anything fancier than that. Sounds like owner just didn't look closely at numbers and never suspected this guy until something made him look at QuickBooks while the guy was on vacation.
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05-22-2017, 05:07 PM | #96 |
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