One thing the pandemic didn’t slow down? Employee attempts to submit some outrageous expenses for reimbursement. Spend management and risk mitigation technology expert Oversight recently released its Top 10 Most Shocking Expenses list. And it’s got some doozies on it! In fact, we were able to pull 20 rather “creative” expenses from it. Wild expenses […]
Business / Travel Expenses
Not only may Finance be processing more expense reports in the new year, those totals will also probably be higher.
Work looked different for most of this year … and so did the type of expenses employees tried to submit for reimbursement. We have 16 of the craziest business expenses of the year. See if you can guess which ones got green-lighted. You and your Accounts Payable staffers have seen some pretty crazy reimbursement requests […]
You may still be thinking about your summer vacation – or may even be on it! but before you know it, year-end will be upon us again.
As CFOs, we have a lot on our plate. We spend far more time worrying about maximizing performance and hitting quarterly sales targets than we do thinking about the comparatively minor risk of hypothetical fraud, misuse and waste impacting our payables ledger. But don’t be lulled into a false sense of confidence when it comes […]
Your payroll staffers are going to be busier than usual! The Department of Labor (DOL) just announced it’s updating the Fair Labor Standards Act regs that control the regular rate of pay.
Are you and your finance team still wondering exactly what to expect for business travel recovery during the rest of 2021 and beyond?
Tell your finance team to get ready! Business travel – and all the expense reports that come with it – is making its grand return.
Right now, health and safety are major concerns in the business travel sphere, making contactless payments an appealing option for companies.
Due to the coronavirus pandemic, your finance department has undoubtedly received some expenses that weren’t necessarily accounted for in your T&E budget.
Of all the aspects of company operations that have been affected by the COVID-19 pandemic, business travel may take the cake.
Here’s new insight for your finance department on how to compliantly reimburse delivery drivers for their mileage expenses.
An employee has a business trip. She drives her car to the airport and leaves it there. Then you pay those parking charges. You may not have to.
To deter financial loss, CFOs have to keep a pulse on expense fraud. And one great way to do that is to hear right from the employees committing the crimes.
In today’s corporate climate, strict vigilance for expense report fraud is becoming even more important for your finance department.
Get ready to have a serious case of deja vu! The FY 2021 per diems look a lot like FY 2020’s rates. In fact, the standard CONUS rate will hold steady for the year beginning October 1. That number: $151, broken out as $96 for lodging and $55 for meals and incidental (M&IE) expenses. There’s […]
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