Monday, September 23, 2013
The effect of Wrong Expense Reporting
Throughout in the entire business a lot of things are need to handle and one of this are the reports that are need to finished in the right time but since today we are leaving in the modern world a lot of things have change in our environment especially the presence of different software applications in any kind of business. Expense reporting software is an integral application for businesses anywhere - whether they're logging local expenditures, travel costs, or otherwise. It's extremely important for any company to keep a close eye on all their costs, so they can make the most out of their budget and ensure that no costly mistakes are made by employees. However, there's another downside to incorrect expenditure reports that goes, one that occurs externally instead of internally: it's damaging to public perception.
North Carolina taxpayers are paying the bills for the travel expenses of state employees, according to reports released by the State Auditor and cited by the WNCN news outlet. The state found that a Department of Public Instruction analyst knowingly submitted false travel reimbursement requests. The improper expenditures, which were logged over the course of nine months, ended up amounting to well over $3,000.
"Many times we will concentrate on the person who did the wrong deed or didn't do what they were supposed to, when in reality we should be looking more to management," Beth Wood, the state auditor, told the news source. "It is their responsibility to make sure these kinds of things are not going on."
Wood told the news source that the Department of Public Construction had admitted that no one was reviewing reimbursement requests from state employees before the costs were paid back.
Avoid public criticism with top-level expense reporting software Building a feeling of goodwill between your business and your customers is an important priority for managers everywhere. Nothing will shake public confidence in your firm the way that reporting improper travel and expense statistics will. Luckily, with Certify's software, managers can keep a close eye on each specific cost - and ensure they never have to defend their expenditure policies to the press or to the public.
With Certify's expense reporting software, employees can upload a picture of their receipts and expenses using their smartphone, and the application will automate the logging and reporting by itself. Best of all, managers can look at, analyze, and verify the costs as soon as their loaded into the cloud-based data system, allowing them to make sure that any improper expenditures or illegitimate costs are noticed and fixed as soon as humanely possible.
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