... Your Online Business Source ...

Expense Account Fiddling Growing In Small Business Sector

Surprisingly, small firms are often the most put upon when it comes to travel expense fiddling.

In a recent survey by this newsletter’s parent, Information Strategies, Inc., 57% of 471 respondents said they had found problems with expense accounts from employees in the last two years.

In the nationwide survey, 13% said they had discharged an employee in the past two years who had falsified expenses. 

The biggest area of concern was local trips and other day trip outings where reimbursement requests were most often shown to be unwarranted.

Conventions and trade shows were also places where 51% said they had seen errors of commission or omission. 

In another unusual finding, 47% said these events occurred with employees who had been with the company for more than 2 years. 

“I was forced to fire a manager who had been with me since we started after she turned in false vouchers on four different occasions,” reported one respondent.

As a result of their experiences, 71% of respondents said they had tightened reimbursement policies during the past two years and 75% said they were checking expense sheets more carefully since the downturn.

The survey was conducted for www.travelforsmallbiz.com

more articles

Home | News | Subscribe | Biz Radio | Media Kit | About Us

Marketing leaders seek out information from other marketing managers to better manage their enterprises. Marketing executives focus on getting and keeping their organizations profitable. By providing information on finance, marketing, staffing, employees, technology and sales to marketing leaders this website provides a unique platform for information exchange. Marketing leaders are in need of information to increase productivity and raise profits.

This website's award-winning staff distills information from a variety of sources to create a digest of marketing strategies that work for other marketing managers. Offering marketing managers and owners the best in terms of information and suggestions, this website is designed to be an easy, short read.

Marketing managers seek solutions to everyday problems that affect their bottom-line. The best sources of these solutions are other marketing managers who have encountered and solved these obstacles.

By continuously reading this website, marketing managers can learn much to improve their small enterprises. Other managers with larger companies can also benefit.

Functionality and brevity are important to marketing managers, owners and that is what this website's editorial is based on. Marketing managers know this website will often be ahead of national media in identifying trends and potential obstacles to marketing success.