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Olbres recorded in the cash receipts journals only those Design
Consultants' and/or White Star's receipts that petitioners
deposited into the Indian Head business checking account, and she
did not record in the cash receipts journals their respective
receipts that petitioners deposited into the Indian Head business
savings account or any other account. She recorded in the
invoice logs only those Design Consultants' and/or White Star's
receipts for which clients were sent invoices.
Petitioners deposited only two checks from Mayflower, one
received in 1986 and one received in 1988, into the Indian Head
business checking account. They deposited all of the other
checks received from Mayflower during the years at issue, as well
as all of the checks received from Greyhound during 1986, into
other bank accounts that they maintained, including the Indian
Head business savings account. Consequently, the cash receipts
journals omitted all of the amounts received by Design Consul-
tants and/or White Star from Greyhound during 1986 and most of
the amounts that Design Consultants and/or White Star received
from Mayflower during the years at issue.
As a result of Ms. Olbres' bookkeeping practices, a person
examining the cash receipts journals and no other written records
of Design Consultants and/or White Star would have no idea that
Design Consultants and/or White Star received income in addition
to their respective receipts that petitioners deposited into the
Indian Head business checking account. Moreover, a person
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