The Dalles chronicle. (The Dalles, OR) 1998-2020, February 15, 2020, Page 22, Image 22

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

    10
|
Hood River News . The Dalles Chronicle
COLUMBIA RIVER GORGE
BUSINESS REVIEW
Th ere are many diff erent ways people steal from
their employees. Some ways are simple; some take more
eff ort and are more complicated. Some of the more
simple ways business owners are victimized are:
• Taking cash. Th e most common method in a cash
base business such as a bar or restaurant is to pocket
cash receipts. It is diffi cult to track transactions in a
cash-based business so there is a lot of opportunity
for an employee to pocket cash payment.
• Not completing a transaction. Th is happens most
often in a smaller retail-style business. Th e clerk will
ring up a transaction and collect the payment as a
subtotal. When payment is received, the embezzler
will void the transaction and pocket the money.
ROSE MAYS
Methods of
Embezzlement
Embezzlement is not an easy subject to discuss.
A business owner may begin to notice that something
just does not seem right within her business. Maybe
there are an unusual number of returns or the cash
drawer is short more often than normal. If you are a
business owner and start to notice discrepancies in your
business, you may be a victim of embezzlement.
What is embezzlement and why is it defi ned
diff erently than theft? According to Gaeblers,
“Resources for Entrepreneurs”, embezzlement is the
fraudulent appropriation of property by a person
to whom funds or assets has been entrusted. Th e
embezzler is someone in your company whom you
trust and given permission to have access to the
business’ assets. Conversely, a theft is committed by
either a stranger or someone who is not authorized
access to money. Th is is one of the most diffi cult
aspects of being a victim of embezzlement: Th e
business owner realizing that they were betrayed
by a person they trusted.
• Undercharging. Another common way someone
steals money is by undercharging a friend or
relative for merchandise. Many times the friend will
return the merchandise for a full refund and give
the employee a cut of the profi ts. Sometimes the
friend will give the employee a kickback for the
undercharged merchandise.
• Fake payroll employee. One of the more creative
ways to embezzle is to add a relative such as a child onto
the payroll who is not an employee. Th is can be easily
done when a payroll check is electronically deposited
and the business owner does not review
the payroll summary.
• Bogus expense receipts. For some employees sub-
mitting bogus expense receipts for reimbursement
is common way steal money. A careful review of
all expense receipts for reimbursement should
be mandatory.
A business owner never wants to believe that an
entrusted employee would every betray them but it
happens. And it happens often. Being an owner of a
successful small business is diffi cult and normally
there is a very small margin for error between
success and failure. Be vigilant when it comes to
overseeing your company’s fi nances. Don’t be
afraid to ask questions and enact appropriate policies
and procedures so your business doesn’t become
a statistic. As the late Andy Grove said, “If you
think you are safe from embezzlement, you’re an
easy target”.
• Not charging a friend or relative for an expensive item
when ringing up merchandise. Th is similar to the under-
charging scheme. Th is ploy is eff ective since it appears
everything is legitimate and it also avoids the need for a
traceable price adjustment.
• Fake refunds. A fake refund is diffi cult to trace in most
cases. In this case, no one really returns any merchan-
dise but the clerk will either process a cash refund to her
or credit her own credit card.
• Fraudulent vendor invoices. Th is is a common
trick used by a bookkeeper to commit fraud. Th e
bookkeeper will form a dummy company and open a
business bank account using the registry number. Th e
bookkeeper submits a fake invoice, writes a check from
her employer’s account and deposits the check into
her bogus business account.
O R E G O N
BUSINESS CARD BILLBOARD
PA RK DA L E
H OLLY N ELSON LMT
ME TA L WORKS
CUSTOM METALWORK
Licensed Massage Therapist
To Book an Appointment:
Cell: 541- 490 - 3351
License # 19313
Book online
www.flowhoodriver.com
Flow yoga: 118 3rd St. Hood River, Oregon
· Relaxation
· Sports
Lockouts
· Theraputic
· Reiki
BUSINESS FOR SALE

Originate Keys
Change Combinations
Service
Integrity
541

Ye Olde Locke Shoppe
OR CCB# 182422
OCLS# 5090
Master Keying

Security Systems Technology
Keys
386-5270

PARKDALE | OREGON
CLIN TO N
541 399 0540
PA R K DA L E M E TA L WOR K S L LC.
PARKDALEMETALWORKS@GMAIL.COM
Lindamay Woosley
PRINCIPAL BROKER, REALTOR*, GRI, SRES
LICENSED IN OREGON & WASHINGTON
lindamay@windermere.com
lindamayrealestate.withwre.com
541-490-4360
Oregon
Wallace Ingram
Timely
1311 13th Street
Hood River, OR 97031
Fax: 541-386-7178
Home Rekey

2495 Cascade, Hood River, OR 97031
Professional Pavers & Construction
Jeff Burns
Asphalt & Paving • Excavating • Road Building
Site Prep • Sealcoat • Land Clearing
Striping • Utilities • Demo
1767 12th St. #384
Hood River, OR 97031
OR CCB #215531
WA #PROFFPC831L7
Elaine Adsit, MD
Board Certifi ed/Fellow American College
of Obstetrics and Gynecology
In the Heights in Hood River
Offi ce 541.386.1227
Cell 541.399.3360
services@hrpropavers.com
1631 Woods Court, Suite 103
Hood River • 541-387-0244
Site Preparation • Utilities • Foundation
Excavation • Septic Systems • Stump Removal
Jeremy Lane, Owner
541-490-2633
1767 12th St. #276 Hood River
lanesexcavation@gorge.net
Bonded & Insured CCB# 185807
Jill Guenther
ʽ 2017 ¹¼±«¸ ¾«¸¶¯Ã ·³¾² «¼¸¯Ã ʧ
¯·¬¯¼ ʧ 1596709
https://fa.morganstanley.com/michael.schock
Niki Piacente , M E D I A
C O N S U LTA N T
OREGON BROKER
541.490.3156
2495 CASCADE, HOOD RIVER, OR 97031
CELL 503-866-9874
npiacente@thedalleschronicle.com
“Our goal is to treat every customer
as we would want to be treated.”
• TUNE-UPS • BRAKES • TIMING BELTS
AND SO MUCH MORE
Like us on Facebook for the best deals
1139 Tucker Rd • Hood River (in front of the bowling alley)
“Helping people find their place”
541.386.3333 • taylorautomotiveonline.com
ADVERTISE HERE!
Lawn & Gardening
Maintenance
Clean Ups • Hauling
Bark Dust & Pruning
Rototilling and More
Jose Villegas (541) 806-0699
License #49418999
Your full color business card
for only $100/month!
JODY THOMPSON advertising director
(425) 308-95823 // jthompson@thegorgemagazine.com
office (541) 399-6333
For more information:
email: GorgeSalesTeam@eaglenewspapers.com
call: 541.386.1234 ext 101