Prosperident Pulse #52 December 2016

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Prosperident Pulse #52 December 2016

Prosperident's Dental Prosperident Pulse
Issue #52 -- December 2016
In This Issue:
  • What "balancing" really means
  • Upcoming Speaking Dates
  • A note from our CEO
Nov 4 PEAK Education, Novi MI
Nov 10 Carestream Global Oral Health Summit, Las Vegas NV
Nov 16 Harbor Dental Society, Lakeside CA
Dec 5 Queens County Dental Society, Jamaica NY
Jan 11 ITI Study Club, Delray Beach FL
Jan 19 St Helens Shadow Study Club, Vancouver WA
Jan 26 topsOrtho topsFest, Newport Beach CA
Jan 28 Manitoba Dental Association, Winnipeg MB
Feb 3 Newport Harbor Academy of Dentistry, Newport Beach CA
Feb 23 Ortho2 UGM Anaheim CA
Feb 24 Chicago Midwinter Meeting, Chicago IL
Mar 3 Dolphin Management User Meeting, Nashville TN
Mar 9 Greater Philadelphia Valley Forge Dental Society, Philadelphia PA
Mar 10 Pacific Dental Conference, Vancouver BC
Mar 17 Dr. Michelle Haddad Memorial Scholarship Lecture New Hartford, NY
Mar 21
Greater Woonsocket District Dental Society, Providence RI
April 7 UCSF Alumni, San Francisco CA
Apr 28 Keely Dental Society, Hamilton OH
May 4 Texas Dental Meeting, San Antonio TX
Our most-requested presentation is called "How To Steal From A Dentist."
To book us for your meeting or study club, click here or call us at 888-398-2327.

Introducing Kelly Paxton

We are thrilled to welcome Kelly Paxton, CFE to our team. Kelly's ground-breaking focus on "pink collar crime" (i.e., by female embezzlers) has made her well known in fraud investigation circles. Look for Kelly to be speaking soon at a conference near you.

Did you miss a previous newsletter? We archive them here.
If my day-end report balances to my bank deposit, can I still be embezzled?

In a word, YES.

Many dentists believe that if the "daysheet" generated by their practice management software balances to their bank deposit, embezzlement is not happening in their practice.

Please don't take us out of context -- carefully checking the daysheet is something every dentist should do daily. This recommendation is not based on the idea that it will catch embezzlement (it probably won't), but it will help you spot data entry errors and other mistakes that can cost you money.

Dentists tend to believe that the daysheet is "right" because it comes from their computer, is nicely formatted, and is produced by a sophisticated practice management software. It is human nature to accept the veracity of documents that arrive in this way. However, what these dentists are forgetting is that normally entry of transactions in the software and printing of this report are performed solely by staff. With this kind of control, it is not difficult for a staff member to make the daysheet say whatever they want it to, and therefore make it balance to a bank deposit that has been reduced by embezzlement.

Thieves are both motivated and clever, and generally have little trouble finding a way to make the daysheet present an untrue picture.

Read more

Meet An Embezzler -- Oregon's Jodi Lynne Setzer
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