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35351
Level 2

Account for fraudulent payroll account

 I received a request to change an employee DD account (whom I thought was our employee ). It was processed, went to a fraudulent account and essentially money is gone. We had to since then issue another check to employee. How do I account for money that is gone. Employee didn't receive the money the first time, but that is how it reflects in Quickbooks. 

1 Comment 1
asha_kanta_sharma
Level 6

Account for fraudulent payroll account

You can write it off as Bad Debts for now and try to recover the same from the beneficiary person/entity

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