CPAs in Towson | Protect Your Practice Against Employee Fraud

Towson CPAs

Did you know that at least one in three dental practices have been victim to some sort of embezzlement? Protect your practice against employee fraud by understanding the tactics involved, and how to watch for them with tips from a Dental CPA.

Check Fraud

Oftentimes, patients will pay for their portion of fees by check. One instance of fraud can happen by a team member instructing the patient to leave the payee section blank, letting them know they have a stamp for the payee section. Then, it’s as simple as writing in their own name or business and depositing the check. To combat this, do not allow the use of payee stamps and ensure that your checks are reviewed carefully, both before and after they are deposited.

Altering Book Transactions

Committing fraud is a two-part process — siphoning money or resources, but also covering up the tracks. As a business owner you need to be aware of both. A fraudulent employee may alter transactions in your accounts receivable to create a false trail that shows payment was made in the right steps. Ensure that any additions, deletions, or adjustments of activity in your accounting or bookkeeping software are properly logged and audited.

Skimming Cash or Patient Credits

A fraudulent employee may be stealing money directly from cash transactions, or indirectly, by refunding patients’ credit balances onto their own credit cards. Both of these examples of fraud are easy to catch with the proper systems in place. Tally your cash balance at the end of every office day and have it confirmed by more than one employee. In addition, ensure a proactive approach to any credit balances that patients might accrue so that they will not remain and be forgotten about.

Quick Tips from a Dental CPA to Protect Yourself

In addition to keeping watch for the potential fraud examples above, here are a few pointers to help avoid others:

  • Reconcile every payment logged in your accounting software by confirming them on the bank’s end.
  • Implement a business credit card to easily track any purchases made for the office, and to reduce the need for reimbursement.
  • Investigate transactional history that does not make logical sense or is overcomplicated.
  • Bring another agency aboard to monitor and control your accounting duties to ensure quality and validity.

If you feel that your business is at-risk for fraud or you have already been a victim to it, contact Dental CPA Allen M. Schiff today to schedule a consultation.

100 West Road, Suite 410
Towson, MD 21204
(410) 321-7707

General Dentist Wanted FT/PT: Bethesda, MD

GENERAL DENTIST WANTED FT/PT IN BETHESDA, MD

Amazing opportunity for a highly productive dentist to join our practice immediately.   We are an office of general dentists and specialists working together in 2 state of the art locations in Bethesda.  Must be personable, talented and committed to both the patients and their future with the practice.  Fax resume to 301 299 2228.  
 

General Dental Practice seeking PT Associate: Eastern Panhandle, WV

Blog-dentist wantedWell established Dental Practice located in the Eastern Panhandle of WV.  This dental practice is seeking a part time associate general dentist 2-3 days per week.  The practice strives to provide personalized, high-quality care to their patients.  This is a full-service general dental practice of dedicated, experienced dentists and team members who believe in working with patients to maintain and improve dental health.  This practice believes in providing comprehensive dental health care services to their patients in a friendly, relaxed atmosphere and in educating our patients as they work with them to achieve the best smile possible.  

The ideal associate would demonstrate a passion for dentistry and patient care, contagious energy, a willingness to learn and grow and at least 2-3 years of clinical experience.  Please send Resume and Salary History to: Allen Schiff aschiff@schiffcpa.com .
 

General Dental Practice Seeking Associate: Rockville/Gaithersburg, MD

Blog-dentist wanted

General Family Dental Practice seeking a motivated and enthusiastic associate to join our practice with all digital facility located in a high traffic area in Rockville/Gaithersburg, MD. Modern office with digital charts and x-rays. Dedicated staff members handle all administrative tasks. Looking for Part Time to start on Mon, Thur, Fri and then extend to Full time as needed.  Guaranteed base pay and profit sharing based upon performance.

Qualifications
– Active MD license
– Strong communication skills
– Passionate about patient care
– Must have 3 or more years experience

To learn more about this opportunity, please send Resume and Salary History to: Allen Schiff aschiff@schiffcpa.com .

General Practice Seeking Associate – Rockville, MD

Blog-dentist wanted

General Family Dental Practice seeking a motivated and enthusiastic associate to join our practice with all digital facility located in a high traffic area in Rockville/Gaithersburg, MD. Modern office with digital charts and x-rays. Dedicated staff members handle all administrative tasks. Looking for Part Time to start on Mon, Thur, Fri and then extend to Full time as needed.  Guaranteed base pay and profit sharing based upon performance.

Qualifications
– Active MD license
– Strong communication skills
– Passionate about patient care
– Must have 3 or more years experience

To learn more about this opportunity, please send Resume and Salary History to: Allen Schiff aschiff@schiffcpa.com .

General Dental Practice Seeking FT Associate: Northern VA

Associate Dentist Wanted in Northern Virginia

World-class office expanding our schedule to accommodate demand. We are offering the ultimate full-time associate opportunity! Temporary position with opportunity for permanent position.   Current associate is going on Maternity leave. Super-fun team, with your own treatment coordinator, quality work, completely equipped with latest technology.   Fax resume to 703–858-0102.

Information about the associate position

Full Time – 4 1/2 days 40 hours per week

Two evenings per week 10 am – 7 pm

Two mornings per week 7am – 4 pm

No Saturdays

Pay based on percentage of collections with minimum of $500/day guarantee

Health benefits available through HRA

Dental Benefits for Associate and family

CE credits

General Practice Seeking FT Associate: Northern VA

Associate Dentist Wanted in Northern Virginia

World-class office expanding our schedule to accommodate demand. We are offering the ultimate full-time associate opportunity! Temporary position with opportunity for permanent position.   Current associate is going on Maternity leave. Super-fun team, with your own treatment coordinator, quality work, completely equipped with latest technology.   Fax resume to 703–858-0102.

Information about the associate position

Full Time – 4 1/2 days 40 hours per week

Two evenings per week 10 am – 7 pm

Two mornings per week 7am – 4 pm

No Saturdays

Pay based on percentage of collections with minimum of $500/day guarantee

Health benefits available through HRA

Dental Benefits for Associate and family

CE credits

General Practice Seeking FT Associate: Owings Mills, MD

General Dental Practice Seeking Full Time Associate: Owings Mills, Maryland

Highly skilled and motivated General Dentist needed as a Full Time Dental Associate to join a successful State of the Art General Dental Practice located in Owings Mills, Maryland.  The ideal associate would demonstrate a passion for dentistry and patient care, contagious energy, a willingness to learn and grow and at least 2 years of clinical experience.  Please send Resume and Salary History to: Allen Schiff aschiff@schiffcpa.com .

General Dental Practice Seeking FT Associate: Owings Mills, MD

General Dental Practice Seeking Full Time Associate: Owings Mills, Maryland

Highly skilled and motivated General Dentist needed as a Full Time Dental Associate to join a successful State of the Art General Dental Practice located in Owings Mills, Maryland.  The ideal associate would demonstrate a passion for dentistry and patient care, contagious energy, a willingness to learn and grow and at least 2 years of clinical experience.  Please send Resume and Salary History to: Allen Schiff aschiff@schiffcpa.com .

General Practice seeking an Associate in Montgomery County, MD

Highly skilled and motivated General Dentist needed as an Associate ( 2 1/2 – 3 days per week ) to join a successful, high-end Fee for Service General Dental Practice located in Montgomery County, Maryland. The ideal associate would demonstrate a passion for dentistry and patient care, contagious energy, a willingness to learn and grow and at least 2-3 years of clinical experience. The ideal Associate is able to perform one appointment endo, post and crown prep; as well as both simple and surgical extractions. Dentists with a desire and ability to offer a variety of procedures to a diverse patient demographic will best fit with this practice.  Please email Resume and Salary History to: Eric Schiff, Schiff Dental Brokerage; 410-321-7006 Fax; ESchiff@Schiffcpa.com

General Practice Seeking FT Associate: Salisbury – Buy-In Opp

Salisbury, MD Dental Practice Now Hiring Full Time Associate Dentist with Buy-In Opportunity.

High-Tech General Dental Practice located in Salisbury, MD is currently seeking an Experienced Full Time Associate Dentist to work Monday – Thursday.  Buy-In Opportunity Available.  The ideal associate would demonstrate a passion for dentistry and patient care, contagious energy, a willingness to learn and grow.  The ideal Associate is able to perform one appointment Endo, place implants, post and crown prep; as well as both simple and surgical extractions.    Please send Resume and Salary History to: Allen Schiff aschiff@schiffcpa.com .

General Practice Seeking Full Time Associate: Salisbury, MD – Buy-In Opportunity

Salisbury, MD Dental Practice Now Hiring Full Time Associate Dentist with Buy-In Opportunity.

High-Tech General Dental Practice located in Salisbury, MD is currently seeking an Experienced Full Time Associate Dentist to work Monday – Thursday.  Buy-In Opportunity Available.  The ideal associate would demonstrate a passion for dentistry and patient care, contagious energy, a willingness to learn and grow.  The ideal Associate is able to perform one appointment Endo, place implants, post and crown prep; as well as both simple and surgical extractions.    Please fax or email Resume and Salary History to: Eric Schiff, Schiff Dental Brokerage; 410-321-7006 Fax; eschiff@schiffcpa.com  www.schiffdentalbrokerage.com

General Dental Practice Seeking Full Time Associate: Frostburg, Maryland

Highly skilled and motivated General Dentist needed as a Full Time (4 Days per Week) Dental Associate to join a successful General Dental Practice located in Frostburg, Maryland. 10 Opertory State of the Art Practice is currently collecting $2.4M annually and sees over 70 New Patients per Month.  $650k – $800k anticipated production in first year for associate.  Practice covers the employee’s malpractice insurance, lab fees, continuing education, 80% of an individual’s health insurance premium, and offers a 401k plan and free dental care for employee and his or her dependents. The ideal associate would demonstrate a passion for dentistry and patient care, contagious energy, a willingness to learn and grow and at least 2 years of clinical experience.  Please email Resume and Salary History to: Eric Schiff, Schiff Dental Brokerage; 410-321-7006 Fax; ESchiff@Schiffcpa.com

General Practice Seeking FT Associate: Frostburg, Maryland

Highly skilled and motivated General Dentist needed as a Full Time (4 Days per Week) Dental Associate to join a successful General Dental Practice located in Frostburg, Maryland. 10 Opertory State of the Art Practice is currently collecting $2.4M annually and sees over 70 New Patients per Month.  $650k – $800k anticipated production in first year for associate.  Practice covers the employee’s malpractice insurance, lab fees, continuing education, 80% of an individual’s health insurance premium, and offers a 401k plan and free dental care for employee and his or her dependents. The ideal associate would demonstrate a passion for dentistry and patient care, contagious energy, a willingness to learn and grow and at least 2 years of clinical experience.  Please send Resume and Salary History to: Allen Schiff aschiff@schiffcpa.com .