Theft from a Louisiana business can take many forms. Sometimes it can happen in the hands of a company bookkeeper who has the power to siphon off company funds while planting false records that misled a superior into thinking the books are properly balanced. Instances such as these are why many businesses will not place all of the accounting power in the hands of one person. explains that the consolidation of accounting responsibilities into the hands of a single individual is a recipe for trouble. Take for example someone who controls these aspects of business accounting:

  • opens the incoming mail
  • is in charge of deposits and payments
  • files transaction paperwork

This person is in charge of money from the time it goes into a company to when it goes out. This kind of control can open the door for all kinds of embezzlement. And even if the person who possesses these powers is honest and would never steal, the worker could still be exposed to the suspicion of embezzlement in the event there are problems with the company books since there are no other employees involved in the accounting.

This is why companies divide these duties among different employees. One employee could handle the accounts payable and another can take care of the accounts receivable. Manufacturing companies can separate receiving, shipping and warehousing tasks among different managers. In general, it is a wise move to keep duties related to receiving cash and shipping products in the hands of separate employees.

Separating these duties also makes it easier for employees accused of embezzlement to offer a strong defense. Since one person is not in full charge of company accounting, an accused employee is in a better position to show that he or she was not involved in actions that could have resulted in money or goods being stolen from the business.

Still, embezzlement charges can take many forms, so a person accused of this white collar crime is well served by seeking the counsel of a professional criminal defense attorney. Keep in mind that this article is not written to give you legal advice. Only read it for general information.