7 Habits to Deter Employee Fraud
Most business owners assume fraud prevention requires expensive software or complex audits.
But often, it's the simple, consistent habits that keep your business safe.
Here are 7 daily habits that can significantly reduce your fraud risk:
1️⃣ Review bank transactions daily – Catch unusual activity fast.
2️⃣ Walk the floor and engage with staff – Visibility creates accountability.
3️⃣ Verify supporting documents before approving payments.
4️⃣ Reconcile cash and EFTPOS daily.
5️⃣ Question inconsistencies – even small ones.
6️⃣ Use system permissions wisely – no sharing of login credentials.
7️⃣ Rotate duties or have another staff member check work periodically.
🔍 Real Example:
A retail store owner made it a daily habit to review EFTPOS settlements and bank deposits.
One morning, they noticed that $1,200 was missing from the prior day’s sales.
On investigation, they discovered an employee was processing refunds to their personal card late in the evening.
This daily review stopped the fraud within 24 hours — and prevented thousands more in losses.
✅ Fraud prevention starts with daily discipline – not just yearly audits.
