The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Information on this website may not be current. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; we do not recommend or endorse the contents of any third-party sites. Readers of this website should contact their attorney, accountant or credit counselor to obtain advice with respect to their particular situation. No reader, user, or browser of this site should act or not act on the basis of information on this site. Always seek personal legal, financial or credit advice for your relevant jurisdiction. Only your individual attorney or advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, contributors, contributing firms, or their respective employers.
Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them. Compensation is not a factor in the substantive evaluation of any product.
The rewards of a good job are no longer just a number on your paycheck, but also the additional “perks” that come along with the gig. These perks can include everything from free food in the office to an expense account or company credit card.
Robert Half Management Resources, a finance and accounting staffing firm, decided to find out what employees are trying to expense on the company dime. To do so, the firm conducted phone interviews with 2,200 chief financial officers from 20 of the largest U.S. metropolitan areas.
Some of the answers are rather surprising and almost unbelievable. Would someone really ask the company to buy them a dog or pay for a lottery ticket? Apparently they will. They’ll reportedly even ask to expense their home remodels and vacations.
In fact, the number of inappropriate expense requests appear to have been on the rise in recent years and only 11% of executives interviewed reported a drop in them. These are the 20 most eccentric employee expense requests the firm heard from these interviews.
It may seem that smaller expenses, especially things like a 10-cent parking meter charge, won’t even be a blip on the radar for big businesses. But these numbers add up and employee expense accounts can be detrimental.
“Inappropriate expense reports are costly – both to the company’s bottom line and to the careers of the people who submit them,” Tim Hird, executive director of Robert Half Management Resources, said in a press release. The firm recommends that companies clearly outline their policies on what is and isn’t covered on expense accounts.
As for employees, it’s a good idea to read these policies carefully or ask if you’re unclear about what you can claim as an expense — you don’t want to lose your job as a result an inappropriate request. Without a regular source of income, you face the risk of defaulting on loan obligations, incurring late fees on a slew of bills or worse. And any missed payments or high credit card balances as a result of unemployment will hurt your credit scores. You can see how your payment history and debt levels are affecting your credit by getting two of your credit scores for free each month on Credit.com.
Image: rilueda
April 11, 2023
Uncategorized
September 13, 2021
Uncategorized
August 4, 2021
Uncategorized