🇦🇺Australia

Fraud and Error Exposure

2 verified sources

Definition

Night auditing validates transactions to prevent financial risks, but manual steps allow discrepancies in cash handling and account postings to go undetected.

Key Findings

  • Financial Impact: AUD 500-5,000 per undetected fraud incident; 20-40 hours/month manual investigation[1][2]
  • Frequency: Per shift with discrepancies
  • Root Cause: Lack of automated fraud detection in manual reconciliation

Why This Matters

The Pitch: Hotels and Motels in Australia 🇦🇺 risk AUD 1,000+ per incident in fraud losses from night audit gaps. Automation detects anomalies in real-time.

Affected Stakeholders

Night Auditor, General Manager, Internal Audit

Deep Analysis (Premium)

Financial Impact

Financial data and detailed analysis available with full access. Unlock to see exact figures, evidence sources, and actionable insights.

Unlock to reveal

Current Workarounds

Financial data and detailed analysis available with full access. Unlock to see exact figures, evidence sources, and actionable insights.

Unlock to reveal

Get Solutions for This Problem

Full report with actionable solutions

$99$39
  • Solutions for this specific pain
  • Solutions for all 15 industry pains
  • Where to find first clients
  • Pricing & launch costs
Get Solutions Report

Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Manual Labour Overrun

AUD 160-360 per night in overtime labour (4-6 hours at AUD 40/hour)[1][3]

Unreconciled Revenue Leakage

AUD 2-5% of daily revenue leakage per property[1][4]

GST/BAS Reporting Non-Compliance

AUD 222 minimum penalty per BAS lodgement failure; AUD 5,500+ for serious GST understatement[1]

BAS Lodgement Failures from AR Reconciliation

AUD 222 base penalty per late/incorrect BAS + audit adjustment costs (AUD 2k-10k)

GST Tax Invoice Non-Compliance Penalties

AUD 222 per late BAS + compounding GIC at 11.29% (2024-25 rates); typical small hotel: AUD 2,220/year for 10 late lodgements

Lost GST Input Tax Credits on Corporate AR

10% of invoice value (GST component) in delayed payments; e.g., A$200 room = A$18.18 unclaimed GST per disputed invoice

Request Deep Analysis

🇦🇺 Be first to access this market's intelligence