Looks like we’re not the only country where employees try to pass off some wild expenses as legitimate business ones. Turns out CFOs in South Africa see their fair share of extreme travel spending on their side of the globe as well.
Policy and culture
It’s no secret that the more organized you are, the more productive you are, too.
Just when you’ve got the rules down, they pull the rug out from under you! In recent weeks the feds have made two surprise policy reversals. And if you don’t keep up, you’ll get caught short.
The payment method employees use when traveling can have a major impact on your T&E process – for better or for worse.
To stay compliant in most situations, finance professionals can turn to specific guidelines: company policies, IRS rules, contract terms.
Most days you may feel like employees’ cell phones are surgically attached to their hands – at their desks, in meetings, even in the company restroom! But beware: Those little devices can saddle you with a big legal bill.
What’s sprouting up this spring? For Financial pros, it’s unclaimed property deadlines.
Considering T&E is the second largest expense for most companies, CFOs always have to keep an eye on the business travel industry.