Are you across all your employees’ reimbursements? While mistakes in expense claims happen, so does deliberate fraud. Having a proper system in place to manage expenses will minimise errors. Get in contact to learn more about overseeing employee expenses.
It's unfortunate, but employee expense claims are a common form of business fraud. Are you across all your employees' claims for reimbursement?
The best thing you can do to minimise expense claim fraud is to implement a process for reviewing and authorising expenses and reimbursements. Many business owners simply trust people to do the right thing and be honest.
While most employees are reliable, having good systems in place will mean that the dishonest actions of a minority do not jeopardise your business.
Examples of Expense Claim Fraud
Steps to Proactive Expense Management
Mistakes in claims happen, and not all expense claim errors are fraudulent. But by having a procedure in place, you'll soon pick up an innocent mistake compared to deliberate fraud.
Talk to us if you’d like to know more about apps that provide a systematic process for proactive expense management.