Expense Administration
Expense administration is usually closely related to accounts payable, and sometimes those functions are performed by the same employee. The expense administrator verifies employees' expense reports, confirming that receipts exist to support airline, ground transport, meals and entertainment, telephone, hotel, and other expenses. This documentation is necessary for tax purposes and to prevent reimbursement of inappropriate or erroneous expenses. Airline expenses are, perhaps, the most prone to fraud because of the high cost of air travel and the confusing nature of airline-related documentation, which can consist of an array of reservations, receipts, and actual tickets.
Read more about this topic: Accounts Payable
Famous quotes containing the word expense:
“I find it hard to believe that the machine would go into the creative artist’s hand even were that magic hand in true place. It has been too far exploited by industrialism and science at expense to art and true religion.”
—Frank Lloyd Wright (1869–1959)