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:
“It’s perversion. Don’t you see what it is? It’s not natural. To go to great expense for something you want, that’s natural. To reach out to take it, that’s human, that’s natural. But to get your pleasure from not taking, from cheating yourself deliberately like my brother did today, from not getting, from not taking. Don’t you see what a black thing that is for a man to do? How it is to hate yourself?”
—Abraham Polonsky (b. 1910)