For many companies travel is the second biggest expense line item beyond payroll. Mike Eberhard, executive vice-president for Concur, says that whilst payroll is a known expense, travel can be harder to track.
Poor recording of travel expenses is a common reason for businesses failing audits.
In this edition of BTalk we discuss how:
- technology can help to enforce travel policies
- how even smaller companies can benefit from negotiated corporate rates
- how to use corporate cards to manage cash flow and tracking
I used to travel a lot 20 years ago and doing my expenses was the bane of my life. I was forever getting into trouble for delaying checking through my Amex records and the company was losing rebates for not paying in time. So there’s another answer — don’t employ someone like me.
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Did the markets overreact to Omicron news?
We can expect markets to be very jittery this week . Until we know more on Omicron , markets will be sensitive to headline news, says NAB’s Rodrigo Catril on today’s Morning Call podcast.
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The Mining Super Profits Tax Unearthed
The mining industry is fighting through an expensive advertising campaign to influence attitudes on the proposed resources rent tax. Is it a good idea and even if it is, is now the right time to do it?
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US jobs market too hot for the Fed?
US payrolls numbers were way higher than expected, with wages also increasing. On today’s podcast NAB’s Ray Attrill is asked if this means we can expect about 75 basis point hike from the Fed at their next meeting.
