An employee of my small business has lost a number of receipts made on the company credit card. I've tried seeing if the vendors could reissue one, but they are saying no.
Does he/she have to repay the company?
How does this work for accounting purposes?
Some were small expenses like a 10 dollar train ride, but others were substantially larger (250 dollars at the postal service)?
What to do?
2007-03-20 05:50:52 · 4 answers · asked by deziredeziredezire 1 in Business & Finance ➔ Small Business
Check with your accountant. I'm certain you can use the monthly credit card statement for tax purposes.
2007-03-20 05:55:07 · answer #1 · answered by jdkilp 7 · 1⤊ 0⤋
My company will accept expenses without a receipt, as long as they are under $25. Anything above it does require the receipt.
I would assume it would depend on your companies policies whether or not to reimburse him. Is he trustworthy?
Speaking accountingly....I would say without the receipt, he's SOL and should have been more responsible about getting and saving the receipt.
2007-03-20 05:56:42 · answer #2 · answered by Cindy 3 · 0⤊ 0⤋
Since this employee has done this for an number of times. They show that they are not responsible to handle such an transaction. They either need to do something else or let go from the company.
2007-03-24 05:48:16 · answer #3 · answered by acst26 1 · 0⤊ 0⤋
Wait until the bill comes in... If you dont trust your employee then you should let them go ..you said "a" receipt why are you making it sound like they have lost many?
2007-03-20 05:54:27 · answer #4 · answered by Anonymous · 0⤊ 0⤋