Exaggerated Expense Claims Costing UK Economy £1.6 billion Every Year! 14 August 2017 Administrator (0) A study conducted by Allstar Business Solutions, has found that UK professionals who over claim on their expenses, are estimated to be costing the UK economy £1.6 billion every year!The study also found the following:· 36% of drivers over claimed mi... [More]
Learn to Love Expenses 7 August 2017 Administrator (0) Following a recent survey by the GBTA, 46% of business travellers still manually reclaim their expenses, sending their claim and receipts to the finance team. Undoubtedly spreadsheets have their uses, but in our modern technological world, there is a much better alternative, which is... [More]
Have You Outgrown Your Expense Management Procedures? 24 July 2017 Administrator (0) The procedures for checking and processing expenses often start out perfectly adequately, but as a business grows and expands, the simple task of processing expenses becomes more complicated and time consuming. So, what are the signs that your business needs to review their expense p... [More]
Is Your Expenses Policy Simply for Show? 13 July 2017 Administrator (0) Having an effective expenses policy for all employees, can really help to control claims and give clear guidelines on the processes which need to be adhered to. Unfortunately, as is often the case, the expense policy is filed away and either becomes unenforceable or employees are una... [More]
Sorting Out the Petty Cash! 28 June 2017 Administrator (0) According to Experian, mismanagement of petty cash costs UK businesses £1.8 billion every year! Statistics show that 43% say the biggest problem with petty cash is misplaced receipts, and 12% said that the procedures within their company to deal with these smaller expenses was far to... [More]