Floor Academy - Helping flooring, tile and stone contractors own an asset

Over 100k Embezzled: Lessons Learned - Erin Albrecht - J&R Tile

January 31, 2024 Kyle Hedin - Speaker, Mastermind Facilitator, Writer, Content Creator, Business Therapist, and Contractor Season 6 Episode 5
Floor Academy - Helping flooring, tile and stone contractors own an asset
Over 100k Embezzled: Lessons Learned - Erin Albrecht - J&R Tile
Show Notes

A common excuse to not having a bookkeeper for a business is that there is worry about their access to your accounts. There is for sure a legitimate concern here but they can be mitigated by how you set the employee or outside contractor up. What are the ways you can control access? How do you need to monitor what they are doing? What do you need to understand about bookkeeping to hold them accountable?

Erin Albrecht of J&R Tile returns to the show to discuss how she had over 100k embezzled from her company. What happened? How did they get away with it? The employee was vetted and trained by her expert accountant mother. Erin’s and many others worst fear came true when it never should have happened.

Listen in to this week’s episode of the Floor Academy Podcast as we discuss what happened, how to prevent it, and why you can’t let a setback keep you trapped in a perpetual state of worry.

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