- Tips for avoiding ‘invoice scams’
In invoice scams, businesses receive documents that look like invoices from companies, but are actually solicitations for money.
The Better Business Bureau recommends the following steps to avoid being fooled:
- Never pay a bill unless you're sure you have a service agreement or contract with that company.
- Businesses should alert their accounts payable departments to be on the lookout for disguised solicitations.
- Carefully review invoices from companies you do not normally do business with.
- Establish effective internal controls for the payment of invoices, and verify all invoices with the person who gave authorization.
— Source: Better Business Bureau
Posted: Thursday, July 19, 2012 12:00 am
When Gwen Krenecki was paying bills for Lodi Iron Works, she was puzzled when she could find no record of U.S. Telecom in their system. She called her technology specialists, who confirmed the company has never worked for the iron casting company.
Yet in front of her seemed to be an invoice for $425, dated July 16.
Thursday, July 19, 2012 12:00 am.