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Expense Reporting Trends: Receipts


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Expense Reporting Trends Receipts focuses on changing Expense Reporting Trends when it comes to receipt requirements. Most expense reporting system do not identify easily expense report abuse. That’s why there has been a seismic change in the requirements most companies have for their employees and their expense reports.

This has nothing to do with the IRS receipt limit but rather corporate perception of employee behavior based on experience. Unfortunately, there is quite a bit of expense report game playing in the business world. Although most people don’t really like to think that expense report abuse is significant, it happens more than you might imagine.

Expense report trends revolve around receipts and the detailed meal receipt. Spot checking is an acceptable process especially for those not using an automated expense reported process. While verifying receipts can be a tedious process it is critical when it comes to identifying expense report fraud. Regrettably expense report abuse is endemic and thus every organization must address it. The old $24.95 problem has expanded to include many other types of gameplaying that ultimately defraud the employer.

Expense Reporting Trends with regards to Receipts employees must turn in with their expense reports focuses on changing Expense Reporting practices and receipt requirements. Corporate requirements can be different than IRS requirements, if they are more stringent.

Watch Questionable Employee Expense Reporting Habits that Cost Your Company:

https://youtu.be/zfimnwx64IE

This is sound bite #69

Watch sound bite #55 Questionable Employee Expense Reporting Habits that Cost Your Company https://youtu.be/zfimnwx64IE

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