It is hard enough keeping on top of your cash-flow without scamming. Spending time making sure your know what supplier invoices you are expecting and what the amounts will be for helps prevent being defruaded but also makes sure you can manage the cash effectiviely.
Small businesses should be on extra alert for fake invoices after figures revealed an alarming increase in scams in the first six months of the year. Reports of fake invoice scams targeting businesses have rocketed with 749 businesses reporting falling victim to this type of scam to Action Fraud between January and June 2015 alone. In comparison there were 603 in the whole of 2014 and 739 in 2013. Yet with more than 5 million SMEs in the UK and many crimes going unreported, Cifas and Action Fraud fear the real figure for 2015 is considerably higher.