The Six Identifying Factors of Fraud in Your Restaurant

By Peter Adams

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.

• Language: English
• Publisher: Peter Adams
• Release date: Jul 17, 2022
• ISBN: 9781005839246

Peter Adams

I help restaurants/cafes improve profitability/cash flows by strengthening operational and financial efficiencies to become more resilient, build a better future and offer fair rewards to their stakeholders. I am a virtual CFO, Accountant, Business Consultant and Coach helping small to large size organizations achieve their goals with my experience handling finances, accounts, business systems, business processes and many types of business documentation writing. I have over 30 years of business experience, culminating in my current position as one of the top qualified CFOs and Business Managers across all industry sectors.

Book preview

The Six Identifying Factors of Fraud in your Restaurant

Author: Peter Adams

Key Points to be gained from this eBook.

Fraud

Fraud happens across all industries and any size of business. This eBook will guide you through identifying the major risks that you can face in your establishment and will provide you with suggested solutions to minimise the risks of fraud.

Quick Measurement

Do you know which key metrics you should be adopting in your establishment? Key metrics are relevant for the measurement of efficiency and performance in your restaurant, café or coffee shop but the use of these metrics will help you identify possible fraud.

The