Cash larceny (theft after recording)

Cash is stolen after the receipt has been recorded: from the register drawer, the deposit bag, or the deposit itself. The books show the receipt but the bank never receives it.

Partly covered. The remaining analysis is planned.

Starter pack: Revenue and receivables review

Red flags

In the data

• Daily recorded receipts exceed validated bank deposits
• Lag between receipt and deposit increasing
• Deposits in transit aging on the bank reconciliation
• Cash portion of deposits declining while check deposits hold steady
• Recurring cash short entries for one cashier or location

Behavioral

• Employee insists on making the deposit personally
• Unexplained delays in deposits
• Reluctance to share bank reconciliations or supporting detail

Internal controls

• Same person records receipts, prepares deposits, and reconciles the bank account
• No independent comparison of the receipts log to validated deposit slips
• Deposits not made daily