Date Fraud – Are you at Risk?

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2020 is here and with it comes a new fraud warning.

Using a shorthand date this year could leave you venerable to fraud.

For example, 9/1/20 could be back-dated to 9/1/2019 simply by adding the 19 to the end, or even future dated to 9/1/2021 by adding the 21 to the end.

There are several documents which could leave you as risk this year:

Payment Contracts – if you chose for a payment deferral on your first payment and the date was moved backward then you could be liable to pay straight away

Employment Contracts – you may lose out on service benefits if the date was moved forward

Tenancy Documents – an agreement could show you living in the property longer which could leave you liable for additional rent

Insurance Documents – you may lose your right to claim if the coverage dates have changed

Vehicle Documents – changing the date could show you as being the owner at the time of an offence

Care also needs to be taken when filling out cheques and direct debit mandates.

Make sure this year, before signing anything important, you take care to write out the date, either by writing it as 09/01/2020 or 9th January 2020, so it’s much harder to alter and you’re not leaving yourself open to potential fraud.

Another Success!

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Congratulations to Harry Masterson on being the latest apprentice to complete his Advanced Apprenticeship for Business Administration Level 3 Diploma here at Accumulus Accounting.

Harry has worked hard to achieve this success since starting with Accumulus Accounting in April 2018 where he has worked on account reconciliations and other business projects.

Sam Hurst, director of Accumulus Accounting, said “Harry has worked diligently and deserves this achievement”

Congratulations!

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Accumulus Accounting would like to congratulate both George Holmes and Glenn Ferrier on completing their Advanced Apprenticeship for Business Administration Level 3 Diploma.

Both George and Glenn started with Accumulus in January 2018, with Glenn working on account reconciliations and now progressing to be an account manager and George in the payment department which he now manages.

Despite their initial training provider going out of business at the midway point of their training, both George & Glenn worked diligently on their work for Accumulus Accounting as well as their apprenticeship work.

Sam Hurst, director of Accumulus Accounting, said “I’m extremely proud of them both and they are a credit to the company”

We look forward to hearing more about their development in the future.