Write-off of receivables
Posted: Wed Jun 18, 2025 3:15 am
The scourge of large companies that are growing quite dynamically is that their control systems cannot keep up with their own dynamic growth.
Thus, they lose money along the way.
in order to prevent such cases, it is necessary to hire a company - an outsourced forensic services provider, which would simultaneously build a control system, because this is a dynamic process.
Trend #4:
The desire of business owners to come to an agreement in a conflict situation, because war special database within war is very expensive.
As a result of the forensic procedure, numerous violations in the form of unfair schemes were discovered in one market leader company, for example:
- related parties - withdrawal of funds to controlled registered legal entities;
- unauthorized travel expenses;
- rapid depreciation and write-off of assets: inventories, fixed assets;
- distortion of financial statements;
- theft of cash from the cash register;
- dead souls and losses on GR that are not coordinated with other business partners.
In general, all these unscrupulous actions were accompanied by a mess in accounting and a lack of accounting policy.
The purpose of every accounting mess is to confuse the owner, management, and in this case, business partners.
After the publication of the amount of damage, which reached figures with 6 zeros, a corporate conflict began, which was extinguished by a cold mathematical calculation regarding the calculation of the costs of war, lawyers, courts, and law enforcement officers in the event of its occurrence.
Thus, they lose money along the way.
in order to prevent such cases, it is necessary to hire a company - an outsourced forensic services provider, which would simultaneously build a control system, because this is a dynamic process.
Trend #4:
The desire of business owners to come to an agreement in a conflict situation, because war special database within war is very expensive.
As a result of the forensic procedure, numerous violations in the form of unfair schemes were discovered in one market leader company, for example:
- related parties - withdrawal of funds to controlled registered legal entities;
- unauthorized travel expenses;
- rapid depreciation and write-off of assets: inventories, fixed assets;
- distortion of financial statements;
- theft of cash from the cash register;
- dead souls and losses on GR that are not coordinated with other business partners.
In general, all these unscrupulous actions were accompanied by a mess in accounting and a lack of accounting policy.
The purpose of every accounting mess is to confuse the owner, management, and in this case, business partners.
After the publication of the amount of damage, which reached figures with 6 zeros, a corporate conflict began, which was extinguished by a cold mathematical calculation regarding the calculation of the costs of war, lawyers, courts, and law enforcement officers in the event of its occurrence.