How do I tell the boss that using the compy credit cards for personal use is hurting the company . I do the accounting for a small machine shop and I keep getting credit bills that are way off the top, and half of the things are for the business use. The bills for the credit cards have gone up double. Anyway of telling him in a way he won't get mad at me or worse??? Or am I being noisy ( its my job to have all reciepts and cross them) any advice???
2006-09-18 10:05:17 · 10 answers · asked by ERICKSMAMA 5 in Business & Finance ➔ Careers & Employment
Play dumb and ask him a question about one of the receipts then wing it from there. HE may get uncomfortable and you will be off the hook because it would not be accusatory. Be careful, you may be mistaken about some, if you confronted him you would HAVE to be right...
2006-09-18 10:22:59 · answer #1 · answered by William K 3 · 0⤊ 0⤋
I would simply broach the subject of overall credit-card use, and not even make a distinction between "personal use" and "business use," unless of course you suspect someone other than the owner of the business is using the cards for personal use. Just mention that the credit-card bills for the business have doubled in the past few months, and it is putting a strain on the accounts. Maybe your boss will get the hint and charge fewer personal items, but either way he'll have the information to make an informed decision on the matter. If you don't do it in a way that is accusatory, but rather is presenting information about the business' accounts, I believe he will be pleased with your job performance rather than upset.
2006-09-18 17:15:36 · answer #2 · answered by JenV 6 · 0⤊ 0⤋
When you say "Boss" that can mean two things. He is either the owner...in which case, it's proabably a bit more acceptable (but not always legal) to use the business as his/her personal piggy bank. Or, perhaps your boss is merely an employee, like you are.
If he's the owner, just sit quiet until he complains about the profitability of the company. Then, you can show him his credit card spending habits and try to politely show him/her that it's a bit extravegant.
On the other hand, if the boss is merely a "hired hand" to run the company, you may want to somehow have the opportunity to discuss a host of spending issues with someone on the board of directors or the real owners. Be sure to have all sorts of topics to talk about, but then pull-out the folder with the bosses credit card charges for the previous 18 months and show how his buying habits of increased dramatically. That may raise some eyebrows with the owners of the company and it will be their job to decide of they need to make some changes as to who can charge what on behalf of the company.
2006-09-22 13:08:09 · answer #3 · answered by nickdc1960 7 · 0⤊ 0⤋
Is he just your boss or the owner?
If he has a boss, partner, or board of directors, then tell them. What he is doing is FRAUD. It's your job to protect the company's assets.
If he is the sole owner, then he thinks he's entitled to use the company's card as his personal card. That would be fine, except the state and federal government doesn't approve of that as it is tax FRAUD. This kind of 'narc' could close the company down, so it's up to your conscience.
Since my license plate is "TAXPAYER", I'd opt for solid documentation, a little word with the boss about his 'problem' and if that doesn't work, talk to the IRS.
2006-09-18 17:19:02 · answer #4 · answered by SPLATT 7 · 0⤊ 0⤋
Put all the numbers together and SHOW HIM how it is hurting profitability. Let the numbers speak for themselves, put them in charts and graphs if you need to.
And just show him.
You are NOT BEING NOSY - you are his accountant and you have EVERY RIGHT to question spending practices. He might get mad - but what he is doing is WRONG.
2006-09-18 17:13:34 · answer #5 · answered by KB 6 · 0⤊ 0⤋
I would recommend asking him how to record personal transactions that are made with the company CC.
In the meantime, create an Owner's Equity Acct (name it "Personal Expenses") and record the personal transactions there.
2006-09-18 17:15:17 · answer #6 · answered by Q.S.G 3 · 0⤊ 0⤋
Just tell him that the auditors are questioning some of the charges... or that you received a letter from the IRS about them.
2006-09-18 17:13:03 · answer #7 · answered by j H 6 · 0⤊ 0⤋
its your job to tell him and if he dont like it thats to bad! maybe you could just show him a statement so he can see for himself or maybe if there is someone higher up the chain that you can tell but either way he should be told something!
2006-09-18 17:17:39 · answer #8 · answered by yllas80915 2 · 0⤊ 0⤋
If your the accountant, you should be brave to tell him what is wrong and what is right when it comes to financial matters. That's the reason why he hired you for.
2006-09-18 17:13:57 · answer #9 · answered by Speedster 2 · 0⤊ 0⤋
Doesn't that fall under fraud or embezzlement? If you don't say something you might go to jail.
2006-09-18 17:13:54 · answer #10 · answered by freedomchild99 3 · 0⤊ 0⤋