Is it a crime to use company's funds?What kind of crime is it?

I am a sales agent. It came to a point that I used my collections for my personal use. It started when I asked from my boss to provide a motorcycle for mobility. He did not provide, so I thought to use company's money to buy the motorcycle without my boss's knowledge. Moreover, our accounting system is not fully strict. I admitted my secret to my boss and I'm also planning to pay it.But my boss is also planning to charge me moral damages plus file a case against me.What shall I do? How can I convince my boss that I will pay it?

It's not just a question of whether you can repay it or not. You've committed something that not only can your boss sue and fire you for, but you've also committed embezzlement, which depending on your state, is most likely a felony.

My suggestion is to do whatever you can to pay the money back IMMEDIATELY, including returning the motorcycle and hope to God he doesn't contact the police and request that criminal charges be filed against you.

It is embezzlement and it is totally illegal. You need to pay it, plus damages now. If you pay it now, maybe he won't file charges.

From now on, NEVER use the company's money without permission.

Dude you have really messed up. What you have done is called embezzlement and it is a felony punishable by fine and or imprisonment. The severity of the punishment depends on the amount. In your case your up a creek without a paddle. I suggest you get a Lawyer asap. Good luck! Your going to need it.

You don't have to convince him. He can charge you criminally, probably with a felony: fraud, theft whatever. He'll be able to get restitution in the criminal case. He can also sue you civilly and get damages and attorney fees & costs.

Just because your company has a rotten accounting system, and they refused your request, doesn't mean you have the right to steal from the company. If you can't make ends meet, go find another job. If the company wants to follow through on what your boss said, you will have ruined your life because you'll have a felony conviction on your record, and will have problems getting another job.

** Note: This is a general discussion of the subject matter of your question and not legal advice. Local laws or your particular situation may change the general rules. For a specific answer to your question you should consult legal counsel with whom you can discuss all the facts of your case. Answering this question does not indicate an attorney-client relationship. **