The Six Identifying Factors of Fraud in Your Restaurant - E-book - ePub

Fraud can be very costly for your business, like thousands of dollars. The risk of fraud has increased since changes to your business model occurred as a result of Covid-19 pandemic. As restaurant owners and managers, you face a unique set of challenges when it comes to fighting fraud both internally and externally. Internal fraud involves your employees. Examples of internal fraud include incorrect payroll payments, missing cash and missing inventory.
These are just a few of the types of internal frauds that can occur. External fraud refers to customers and third-party hackers. The types of external fraud that can occur include chargebacks, credit card theft and vendor fraud, just to name a few examples. This eBook walks you through the six most common types of fraud that could occur in your business. You need to be aware of these frauds so that you can utilise best practices by putting into place the appropriate policies, procedures and systems to minimise the risk to your business and your customers.