Bookkeepers — whether in-house or contracted — sit at the financial choke point of every dental practice. Prosperident's archive includes 19 cases of bookkeeper-perpetrated theft. The role's authority over both the accounting records and the bank reconciliation gives a dishonest bookkeeper the ability to conceal theft for years, sometimes decades, by adjusting the same records that would otherwise expose it.
Practices that share a bookkeeper across multiple offices, or who rely on a single trusted bookkeeper without independent oversight, face the highest exposure. The cases below include several in which the dentist's CPA reviewed financials annually and detected nothing — because the bookkeeper was the source of the financials the CPA reviewed. Worried about something similar happening in your own office? A confidential conversation with Prosperident takes thirty minutes. Call 888-398-2327.
Related reading: How Big Is the Embezzlement Problem?
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Related reading: Profiles of Embezzlers – 2 Traits of Those Who Steal Your Money
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Related reading: Why do People Steal from Dentists? 3 Preconditions Exist
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