In This Issue:
- What "balancing" really means
- Upcoming Speaking Dates
- A note from our CEO
|PEAK Education, Novi MI
|Carestream Global Oral Health Summit, Las Vegas NV
|Harbor Dental Society, Lakeside CA
|Queens County Dental Society, Jamaica NY
|ITI Study Club, Delray Beach FL
|St Helens Shadow Study Club, Vancouver WA
|topsOrtho topsFest, Newport Beach CA
|Manitoba Dental Association, Winnipeg MB
|Newport Harbor Academy of Dentistry, Newport Beach CA
|Ortho2 UGM Anaheim CA
|Chicago Midwinter Meeting, Chicago IL
|Dolphin Management User Meeting, Nashville TN
|Greater Philadelphia Valley Forge Dental Society, Philadelphia PA
|Pacific Dental Conference, Vancouver BC
|Dr. Michelle Haddad Memorial Scholarship Lecture New Hartford, NY
Greater Woonsocket District Dental Society, Providence RI
|UCSF Alumni, San Francisco CA
|Keely Dental Society, Hamilton OH
|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.
Meet An Embezzler -- Oregon's Jodi Lynne Setzer