So a friend of mine started a small business doing fence repair. He started Jan of this year and has been doing really well. The other day we were discussing his girlfriend spending money on small stuff that's not important. To keep a long story short he and her have both been using the business account to pay for personal things; groceries, Redbox, clothes and of course company required stuff like tools and wood. I asked him if he was paying himself from the account and he said no. I might be wrong but doesn't this fall under embellishment? He's asked my fiancé to do his books just to get some type of organization in line, Quickbooks and such. My question is if this is embezzlement is there a way to clear it up since he didn't know. Dude a great worker and would never still from his own company but didn't know about pulling from a company account for personal usage. Any help is appreciated as I'm not really keen on this stuff either.
Submitted May 11, 2017 at 08:33AM by texassadist http://ift.tt/2pnSRiB
