Do companies really check reciepts/ credit card statements submitted? How are they verified?

like
Posting as :
works at
You are currently posting as works at

Sure, because people abuse expense policies. Sometimes clients will even ask for detail if an individual or project team’s expenses are anomalously high.

This is done with a combination of a dedicated expense compliance department, fraud analytics software, analytics to detect spend over limits, etc. Penalties can be getting approval from management, having to pay back out of policy spend, or even termination if egregious.

like

Try contacting the studio with whatever details you have and see if they will email you a receipt. If they will, just keep it in case you ever need it.

like

I've worked for federal government, Big4, private companies. They all had some kind of audit process for expenses. You might not get audited every time, but you will get audited at some point if you work long enough and travel often enough.

like

I don't think the process is thorough enough to find a fake receipt. In most cases we had to scan receipts in, but maintain hard copies for a certain number of years afterwards in case we were audited. They look to see if the vendor is real/recognizable, if the date and amount match the charge statement and if the proper approvals are there. They also check against policy thresholds. That said, if you faked a receipt and got audited, they may request your hard copies and that's when you might get caught. Hence my response on the other thread.

like

Yes there are audit processes because there are people who make mistakes and people who are unscrupulous

The fact that you are asking this question is worrying

I suggest reaching out and stating what happened. Transparency definitely beats secrecy / awkwardness in this case

Yes.

I knew a senior manager who “merged” his expensive drinking / shopping habits into his hotel receipts by “recreating” them with the drinking tab “baked in” for like 5 years, he was quietly terminated.

We have a separate company audit expenses as well as our own internal people

No worries OP, anyone who claims they haven’t committed some sort of expense “fraud” is lying, especially if they’ve been doing this awhile...

Was the expense allowed? If so it shouldn't raise any red flags and if it wasn't for an egregious amount you should be ok but as others have said always get receipts or be honest and say there was no receipt available and submit charge card item.

Related Posts

new to investing. have done some research - reading blogs and a few books on investing. I still have the question of do individuals that take the index fund route… do you all purchase the same funds for different accounts? Example, would you invest in VTSAX across a brokerage and roth account, or would you take a different approach for each account?

like

Is there an easy/efficient way to figure out how much you've contributed to vs earned in your Roth accounts? I started contributing >20 years ago to my employer's Roth 401k and have rolled it over to a Roth IRA and moved it between multiple custodians, e.g. Fidelity, Vanguard, UBS, Personal Capital, etc. It is unclear to me how much I contributed vs how much I earned by investing it.

The purpose of doing this is I want to use $10K of it, but want to prove that the $10K is from my contribution.

like

For those who have international travel planned (USA to India), how are we supposed to get a PCR test result in 72 hours? Labs are overwhelmed. Flight is not until end of Jan but I’m concerned!

like

Hi All, recently accepted a position in the risk practice at GT. Does anyone know if they do local travel in Charlotte or out of state travel? How much is 20% travel?

like

Best way to redeem UR points? If answer is travel, how do you know you're getting a good deal?

like

are there European citizens in US? how easy is to make a career there? i’m in Event Planning and in the bars scene, i’d love to apply for a visa but i wanna be sure it’s worth it, thanks ahead guys!

When leaving a company, what do you do with your 401k and ESPP accounts?

like

thoughts on buying airline stock? delta?

like

Minimum base salary to afford 850k home in DFW area assuming you already have money for 20% downpayment?

like

Hi All - Just wanted to have a sense check if it is easy for an experienced individual to find a job in UK on dependent Visa ?? Based on this I would be taking a call to resign from existing firm.

I have 4.5 years of experience post MBA - 3 years with an MNC bank in India and 1.5 years in Consulting

like

I have the Chase Rapid Reward card and gave 90k points saved up on Southwest over the years but I’ve stopped flying with them (haven’t flown in general due to pandemic). Is there a way to transfer these points to another airline, or even use them on hotel bookings? Any recommendations on how I can best redeem these points?

like

For the past 6+ months, I've been thinking of getting an LV neverful MM for work, but I was wondering if anyone has a Valentino rockstud or the YSL shopping tote? Is the neverfull the best option for work (and carryon travel)?

like

Accenture folks - Any idea how to get No Objection letter for Visa (tourist) application? I have recently joined. TIA

like

I’m having my performance review tomorrow. Looked at my goals last year which was set before the pandemic really hit. Since it really affected business and travel I didn’t hit most of my goals. Plus I was really depressed (who wasn’t really) so I didn’t take much initiative. What’s a good way to navigate this...?

like

Hi All. I am currently working in TCS and pursuing my PGP in Data Science and Business Analytics from Great Learning. I don't know much about job opportunities. I love travelling and some of my friends travel to different countries for a short stint (1-2y) for work. Is there any job/company that would be allow me to travel often (to different countries) as a Data Scientist/Analyst? Sorry if the question sounds dumb. Thanks in advance!

like
like

What is jpmorgan chase first year VP Salary?

like

Second year considering leaving NY biglaw for a few public interest options. Partly for mental health reasons. Making market, and I would potentially leave for a starting position offering around / a bit over $80k. Holding out currently to see what else arises. Fortunately I don’t have much debt, and that’s enough to cover my basic rent/living expenses, but not by much. Has anyone made a jump like that before? How did you manage financially if so? Living in this city ain’t cheap🙃

like

More Posts

Hi. I need a referral for Cyber Security role.
YOE: 1.5
Experience with SIEM, Threat Hunting, Incident Response

like

PwC India Does pwc india consider counter offer if i day to joining date is left plz give suggestions it’s urgent PwC India PwC Deloitte KPMG India Accenture India Mindtree Tata Consultancy IBM

like

How many of you do a side hustle? I am curious to see if they are as common as I feel.like they are in my community. I feel like I'm the only one not doing an MLM.

like

It looks like Y&R healthcare is looking to expand... what’s it like? The accounts, culture, management, etc.

like

Anyone have the Costco CCNA Cert and how has it helped them in their Job Search Journey?

like

Getting ready to leave my role - looking for community ops, comm ops, member support, account management - anything in those customer facing roles that is paying minimum 75k. Remote preferred, based in Chicago. Background in freight/logistics and healthcare.

like

Hours real talk. I've always been very "bill what I work" so that means light weeks I'm destroying my own utilization/billing initiatives instead. Meanwhile peers bill 40-45 regardless. Am I an idiot?

like

I know this group is for exit opportunities but, Im not ready to leave big 4 because I think I still need to learn alot since Ive only been here a year. Has anyone switched firms bc of toxic culture environment/ unappreciative team? Thinking of switching firms in December to finish out another year or so in PA. Worried about change but need it

like

Anyone going to DrupalCon next week?

Does anyone have base + bonus expectations for an Alix Partners SVP in TRS?

like

Favorite production companies that can do OOH activations, pop ups, and other less conventional productions? Could be US or overseas.

like

When your firm requires billable hours, how are they calculated? Actual vs realized (I.e. what you put on your billing sheet vs what is billed to the client). Does your firm differentiate? Which number do they go by? My mind is somehow not comprehending how some big law hours are under my small firm requirement?

like

Worked in Financial Services and Wealth Management for 12 years. CFP working in the banking channel and completing my MBA within a few months with a focus in Mergers & Acquisitions. Really can’t take the stress and compliance involved with being an Advisor anymore I’m losing hair everyday. Any suggestions where to go?

like

Rubenstein PR reached out to me for a position. How’s the culture? Any experiences to share? Plz and thx you!

How does your company/team organize files? Do you have a shared server? If not, how do you make sure that team members can access the files whenever?

like

If anyone knows of a room for rent starting march 1st with budget under $1000 let me know! looking for a room!

like

What are the best things to do in Portland over the holiday season? Just moved here in October and I want to know what's good, I'm single so events where you can meet people would be great too. What's fun here while it's cold??

like

How is CG Invent?

like

I'm a pca in TN with around 8 years of experience. I am making 13 a hour. Is that low?

like

Please help - what are some reasons for sudden chronic constipation and natural remedies?

like

Additional Posts in Consulting

Hi all, I am looking for feedback/advice on if I am approaching investing right? I know it may seem like I have an idea but I am self-doubting and would appreciate any pivots/advice.

Savings: $14k

Emergency Fund Saved: $12k (on top of 14k in savings)

Stock Portfolio Worth: $70k (Only $5k in ETF, rest in various Stocks)

401k: $12k (I have only been working for 1.5 years out of college

Debt: Thankfully none

Majority of my portfolio is Apple, Microsoft, and about 15 other stocks...continued

like

Wanted to know how different is management consulting in the US via-a-vis India?

Background : working as front end consultant in India. Daily routine is opening laptop at 9AM and doing work till 10ish PM, if the project is tight (which it is in majority cases) closing laptop by 1 or 2 am. Travel depends on project. Sr Managers have no sense of personal space in most companies. Money is goood.

How are things in US as I wish to join consulting in US for a few years for int’l exposure

like

3 years at a consulting firm or an MBA - which is the better education?

like

Anyone else feeling like shit at work? I've been at ey for 3 years, and am looking for a good way out. The product I'm working on is not big at other places doe.

like

Is it reasonable to elbow bump (vs shake hands) on interview day?

likefunny

Anyone from DT please tell me your thoughts on the company. I'm considering a move.

what difference does 109% vs. 100% utilization make at Year End? Latter basically means you took your PTO, former means you worked every minute of the year (Consulting, S&O)

My cat just meowed loudly into the phone during a call full of partners. Oops.

like

Seen a couple discussion with respect to “call center” recently - what is this gig?

like

I'm diamond and 10th on the upgrade list 🙄🙄

like

CD or Bond - Have $100K lying around in savings. Should I go for a CD or Bond? I don't want to risk too much as I already have about $200k in stocks and IRA.

like

Female 🐠, I’m new to the consulting/traveling game and want recs for a handbag that looks good and has a lot of storage! Typically a laptop, a notebook, a snack pack, couple chargers & a water bottle

like

Does anyone know what brand of pillows Sheraton use?? I want me some of that!

like

Anyone who did a successful side hustle as a seller on Amazon? Saw this video of people making $10-15K/month on a side hustle as Amazon seller and find it hard to believe

like
like

What advice would you give to incoming consultants? Anything to read up on? Podcasts? Thanks!

like

How is everyone planning for potential layoffs?

like

Fellow runners - I’ve been running 3-4x per week at about a 20-25 mile/week for the past year or so.

My questions: (1) does it make sense to take a week off and let myself rest or do other workouts (i.e. cycling) and (2) I’ve been running with the same shoes since August last year - make sense to get new ones?

like

Getting a female pup soon and planning to name her “Starbucks”. Thoughts ? 😁

funny

Industry people when they see sexy slides: 😍🤗

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal