receipt review

| Expense Tips, Receipt-Wise

7 Best Practices for Tracking Questionable Receipts 

P-Cards (also known by other names like charge cards, purchasing cards, corporate cards, etc.) have become the norm for businesses of all sizes to streamline procurement and reduce costs. However, with this increase in usage comes the responsibility of regularly reviewing receipts to ensure compliance and accurate reporting. We’ve prepared seven best practices for tracking questionable

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| Expense Tips, Receipt-Wise

Common Methods of Receipt Reconciliation

Several methods have been constructed over the years to combat poor documentation practices and difficulties in receipt submissions. In this blog post, we will describe the strengths and weaknesses of some different approaches put forward.  100% manual review 100% manual review is fully constrained by human limitations. If the person, or people, responsible for your

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9 common mistakes when reviewing receipts
| Expense Tips, Receipt-Wise

9 Common Mistakes When Reviewing Receipts

When managing a card program, whether for domestic purchases or globally, more than likely your team has dealt with intensive receipt reviews. Although a time-consuming process when manually performed, receipts provide organizations with many critical compliance insights. In addition to providing proof for audits, receipts also identify compliance with internal policies and federal and state

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Proper documentation done by corporate cardholders
| Expense Tips, Policy Compliance

Proper Documentation: Good Habits for Corporate Cardholders

People are creatures of habit. When an employee with a corporate card or purchasing card (also known as a P-Card, procurement card, etc.) is going about their daily activities, they likely aren’t thinking too deeply about the details of every single transaction, as long as they feel that they are compliant with policy. The same

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