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2007-06-11 01:04:22 · 1 answers · asked by andrew g 2 in Business & Finance Small Business

1 answers

None of them ..

The idea of these cards is to avoid giving some-one you don't trust a Company credit card that could be abused because you don't have proper procedures in place (see later).

What happens is that the individual shops at the Garage (and puts fuel in his girlfriend's, family & mate's cars) and the assistant puts it all through on the Company Fuel Card .. and your inadequate procedures fail to spot that at all ...

The BEST way is to issue Company Credit Cards to those who have to buy fuel.

However, the Card is issued to the individual - who has to pay the card bill every month and then submit an Expenses Claim (with the itemised bill attached, and stating odometer reading at start & end so actual Milage done during the period can be calculated) in order to be re-imbursed.

Your wages Dept. then goes through the itemised bill, checks for date and ammount and milage done (and can thus spot excessive fuel purchase) and pays them for Fuel ONLY.

In this way, if some-one is let go (or quits) and takes that Card with them (happens all the time), the Card Company sends the bill to the individual NOT the Company ...

With Fuel Cards the ex-employee can run up fuel bills for himself and his mates etc. for months (or even years) before anyone at the Company notices and stops the card .. (happens all the time)

2007-06-11 21:56:49 · answer #1 · answered by Steve B 7 · 0 0

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