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Message
re: Corporate Card Expense Reporting
Posted on 10/30/23 at 9:46 am to hiltacular
Posted on 10/30/23 at 9:46 am to hiltacular
quote:
I would assume they are getting taxed on the CC reimbursement? Why would anyone prefer that?
Reimbursements are not taxed, have to run them through payroll as expense reimbursement though.
0
Posted on 10/30/23 at 9:59 am to hiltacular
Best not to make assumptions
Posted on 10/30/23 at 12:22 pm to hiltacular
quote:
I would assume they are getting taxed on the CC reimbursement? Why would anyone prefer that?
No, payroll reimburses which is nontaxable.
Posted on 10/30/23 at 1:36 pm to lynxcat
yeah totally thinking about something else, dumb moment
Posted on 10/30/23 at 3:21 pm to I Love Bama
?? Their average daily balance, even if it's paid off monthly, impacts their personal lives and financing cars, houses, etc. I've spent $20k some months on business expenses (no, no strip clubs or blow.)
For the first time in 20 years, my current company didn't give me a corporate card. It sure is fun to float thousands of dollars in hotels, meals, every month. Oh, did the project close the charge code the day the project ended, but while I was flying home? Don't worry, we'll get it sorted, just be patient. F that.
As a user, I never had a problem with using Concur at my old job. It's expenses. It's never fun, but a *meh* experience is just fine by me.
For the first time in 20 years, my current company didn't give me a corporate card. It sure is fun to float thousands of dollars in hotels, meals, every month. Oh, did the project close the charge code the day the project ended, but while I was flying home? Don't worry, we'll get it sorted, just be patient. F that.
As a user, I never had a problem with using Concur at my old job. It's expenses. It's never fun, but a *meh* experience is just fine by me.
Posted on 10/30/23 at 4:21 pm to I Love Bama
quote:
1. I have a bookkeeper from the Phillipines Everyone is required to take pictures of their receipts and e-mail them to an e-mail address we have specifically for receipts. She matches them all up for us. Costs a few hundred bucks per month.
This is what we do except I get sent every receipt. I use the points for gift cards to give out to everyone.
It doesn't take me that much time because I do it weekly along with our invoices.
Posted on 10/30/23 at 6:55 pm to dgnx6
Yeah I used to travel a ton and submit my expenses to be reimbursed… sometimes they had a little delay paying out.. absultly shite show carrying 10k + a month then fighting for the interest charges bc they couldn’t pay it out quick enough.
Now we use divvy. Works great
Now we use divvy. Works great
Posted on 10/31/23 at 7:59 am to dgnx6
quote:
I use the points for gift cards to give out to everyone.
You're nicer than me. I use all mine for sugar baby vacations.
Posted on 10/31/23 at 1:15 pm to kaaj24
I’ve used both Concur and Coupa. Both were solid.
Posted on 10/31/23 at 1:21 pm to kaaj24
Ours uses Centersuite and its been pretty easy to do. The main ones are all very similar honestly. We've had some people come over from other companies that used Concur and they said it was very similar to what we are using now. Both did some things better than the other, but overall no major difference.
Posted on 11/5/23 at 12:21 am to kaaj24
We use Concur and it has generally been good from both an end user and program admin perspective. We have 2500+ employees, so not sure if it makes sense for your scale.
Reading the comments about corporate vs personal card, if I am running the program I am mandating corporate cards. From a fraud perspective if you allow personal cards the employees can submit fake/found receipts for reimbursement. If it is on a corporate card you have a verifiable record that the transaction actually happened plus you will often get additional detail in the feed from the card company (e.g., airline itineraries and fare classes, rental car folio details, etc.) that can help substantiate transactions even if the employee loses the receipt.
Reading the comments about corporate vs personal card, if I am running the program I am mandating corporate cards. From a fraud perspective if you allow personal cards the employees can submit fake/found receipts for reimbursement. If it is on a corporate card you have a verifiable record that the transaction actually happened plus you will often get additional detail in the feed from the card company (e.g., airline itineraries and fare classes, rental car folio details, etc.) that can help substantiate transactions even if the employee loses the receipt.
Posted on 11/11/23 at 8:49 pm to kaaj24
I have a couple of 100 users in concur
Has app and they take pictures
Seems to mostly like it. They can do reimbursements if you want. I think we are over paying
Has app and they take pictures
Seems to mostly like it. They can do reimbursements if you want. I think we are over paying
Posted on 11/11/23 at 8:50 pm to Cards Suck
quote:
Cards Suck
Also with good spend get rebate
Posted on 11/11/23 at 10:00 pm to kaaj24
We use Concur at our company. It works fine on the user end. No clue what it looks like on the backend. I get emails confirming submission, approval, and payment.
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