FRAUD IN THE SALES LEDGER - MAS PROJECT

[Hazsim]

Can anyone help me with what fraud can happen in the sales ledger. All I can think of is at the year end raising a whooping great big invoice to inflate your income then raising a credit in the start of new fiancial year.<BR><BR>Thanks :-)

[Frankymo1e]

Another possible fraud is that a person working in sales might raise fake purchase orders from a non-existent company and so be able to steal or obtain goods, for their own use. When invoices are raised the would &quot;bounce&quot; as the companies don't actually exist!

[Hazsim]

Excellent, thank you, I think that may have opened a can of worms at work<BR>!!!

[GILL]

Also sales person could raise 'genuine' sales invoices to friends etc, at wrong prices/un-authorised discounts. Sales credit notes could be raised for goods not actually returned. This would then link to some form of stock control/analysis being necessary to ensure goods sold at correct prices and also stock taking to ensure received goods un-sold are still in stock.<BR><BR>Sales invoices paid in cash might not be recorded, passed through to accounts department etc and cash kept by whoever receives it, checks needed on invoice number sequence etc.<BR><BR>

[GILL]

and un-authorised w/o of debts - friends etc.<BR><BR>Why did it not seems so easy when I was doing my project?

[Hazsim]

Thanks Gill, that is great, it always seems easier when you are helping other people!<BR><BR>:-)