Thinking that all your employees have good common sense and therefore you don't really need a detailed travel and entertainment expense reimbursement policy can get your organization in trouble on two fronts. First, inevitably, there will be a few employees who have a very-skewed idea of what is reasonable when the company is paying. And secondly, if you don't hold them accountable for their behavior and actions, the company could run afoul of the IRS by endangering the accountable plan status.
Objectives of the Presentation
Upon completion of this course, you will be able to:
Why Should you Attend
- Create a strong travel and entertainment policy
- Identify issues overlooked by your current policy
- List the issues that should be included in a suitable corporate travel policy
- Create an appropriate auditing process for employee expense reports
- Update your existing policy
- Recognize weak language in your current policy and tighten it to stop cash leaks
What makes for a successful corporate business and travel expense policy? Research shows that even the most well-intentioned, carefully designed expense policies often fail to prevent overspending effectively. It may be that some rules are impossible to follow (or enforce), or that employees aren't able to leverage preferred vendor discounts.
Attend the session to:
- Learn how to ensure your business and travel expense policy will effectively control employee spend in the real world
- Learn strategies and tools to boost visibility and make policy enforcement easier
- Best practices in incorporating mobile expense reporting
- How to avoid common risks for employee expense fraud and abuse
- How to design a policy that accommodates same-day funding requests and other contingencies
- How does your organization's policy measure up?
Who will Benefit
- How to create a plan
- Protect the organization
- Provide reasonable travel and entertainment accommodations
Accountants, controllers, accounting managers, auditors (internal and external), Treasurers, CFOs, CEOs, accounts payable professionals, expense reimbursement staff, payroll professionals, procure-to-pay professionals, and travel managers.