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Gross Mendelsohn Blog

A resource to help business owners, nonprofit executives and high net worth families preserve wealth, grow and thrive.

Tips for Preventing Disbursement Fraud In Your Business

As a Certified Fraud Examiner, I have investigated dozens of employee embezzlements that occurred at small businesses. Many of those embezzlements were committed by bookkeepers through disbursement fraud schemes.
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What’s New In NetSuite 2024 Release 1

Every year, NetSuite releases two major updates — and the first one for 2024 has arrived! NetSuite 2024 Release 1 includes AI capabilities to innovate your current NetSuite processes and key updates across financials, supply chain management, ecommerce...
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Calculating Loss of Business Income for Insurance Claims

When an insured party with proper commercial coverage has an interruption due to a covered loss, they may be entitled to recover the loss of their business income. But how is the loss of business income calculated for insurance claims?
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How to Spot and Prevent Employee Fraud In the Construction Industry

The typical organization loses 5% of its revenues to fraud each year according to the Association of Certified Fraud Examiners (ACFE). When you do the math, the hit to your bottom line can be substantial.
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Calculating an Individual’s Lost Earnings and Benefits

Economic damages claimed by individuals in cases arising from personal injury, wrongful death, wrongful employment termination and employment discrimination typically include lost earnings and fringe benefits. Attorneys frequently retain CPAs as expert...
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Why Departmental Budgeting Is Underrated and Underutilized

Though it’s a vital component of managing an organization’s finances, departmental budgeting often doesn’t get the attention it should. Leaders tend to focus more on big-picture financial plans and decisions, leaving departmental budgeting as an...
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