I know y'all have your boats in the water, but heres an attempt for some levity.
I was just reading a collection of mis-used expense account attempts. Please add some. Make them actual attempts and the result.
In a company I worked for, I was an engineering tech. On day at lunch at a small restaurant, two engineers who were responsible for a rather large project had a conference of a high tech nature. They pulled out ball point pens and drew diagrams in the table cloth to illustrate their point. They resolved the issue. They bought the tablecloth, and turned in the receipt. The controller came down to them and were shown the tablecloth. He took the $5 out of his pocket and paid the guy. l heard that 15 years later, the company moved and some newcomers questioned a tablecloth locked up in the company vault. (It did contain info which was proprietary at that time it was scribbled on.)
Back in the 60s I worked for a large communications company. They sent you to 6 schools on their equipment which had to be completed in your first year. In a city, way away from your home, its understood that , say, you go to a gym at home, it would be reimbursed if you had to pay for one while away. Just get a receipt. They even had a form for paying pout without a receipt, such as airport porters, taxi tips, etc. BTW, this was before credit cards were widespread. This guy in our class, rented a working girl, and she charged him $25, so he expensed it. No receipt. Upon being challenged, he said "she didn't give me one." He was placed on leave. However..... the union got involved. That Friday, NATIONWIDE, if the issue was not resolved, the whole country company would go on strike, so they collected out door keys. It got settled by filling out that form, and he was told not to do it again.
A large company at the Vegas consumer electronics show. One of our sales guys went into the gambling area with his big time client. He lost a bit over a grand. He expensed it out. The chief accountant called him in and asked him how much he sold the client that night? He said about 20 mil. His gambling was paid for.
Same guy same client. the sales guys went to a "gentlemen's club". They spent $500 on booze, lap dances and tips. Again, he sold millions to the client, so it was paid.
At the same company, the chief accountant was ordered to "watch" the expanse account and report. He found a lot of mis-use and reported it. Mostly from the vice-presidents. Nothing was done....
This one is not a mis use of expanse account, but the company above had some issues with employees. Several of the V P s had "girl toys" (I am sure you know what I mean) and after a while, the relation went bad. So the girls quit and sued the company which cost somewhere up in 5 figures that year. Now, the company was stockholder owned, and there were quarterly "cash flow" statements to the stockholders. I wondered where they hid the payouts in that sheet. "Past employee benefits"
c'mon, guys. You must have ones which would top the ones above.
I was just reading a collection of mis-used expense account attempts. Please add some. Make them actual attempts and the result.
In a company I worked for, I was an engineering tech. On day at lunch at a small restaurant, two engineers who were responsible for a rather large project had a conference of a high tech nature. They pulled out ball point pens and drew diagrams in the table cloth to illustrate their point. They resolved the issue. They bought the tablecloth, and turned in the receipt. The controller came down to them and were shown the tablecloth. He took the $5 out of his pocket and paid the guy. l heard that 15 years later, the company moved and some newcomers questioned a tablecloth locked up in the company vault. (It did contain info which was proprietary at that time it was scribbled on.)
Back in the 60s I worked for a large communications company. They sent you to 6 schools on their equipment which had to be completed in your first year. In a city, way away from your home, its understood that , say, you go to a gym at home, it would be reimbursed if you had to pay for one while away. Just get a receipt. They even had a form for paying pout without a receipt, such as airport porters, taxi tips, etc. BTW, this was before credit cards were widespread. This guy in our class, rented a working girl, and she charged him $25, so he expensed it. No receipt. Upon being challenged, he said "she didn't give me one." He was placed on leave. However..... the union got involved. That Friday, NATIONWIDE, if the issue was not resolved, the whole country company would go on strike, so they collected out door keys. It got settled by filling out that form, and he was told not to do it again.
A large company at the Vegas consumer electronics show. One of our sales guys went into the gambling area with his big time client. He lost a bit over a grand. He expensed it out. The chief accountant called him in and asked him how much he sold the client that night? He said about 20 mil. His gambling was paid for.
Same guy same client. the sales guys went to a "gentlemen's club". They spent $500 on booze, lap dances and tips. Again, he sold millions to the client, so it was paid.
At the same company, the chief accountant was ordered to "watch" the expanse account and report. He found a lot of mis-use and reported it. Mostly from the vice-presidents. Nothing was done....
This one is not a mis use of expanse account, but the company above had some issues with employees. Several of the V P s had "girl toys" (I am sure you know what I mean) and after a while, the relation went bad. So the girls quit and sued the company which cost somewhere up in 5 figures that year. Now, the company was stockholder owned, and there were quarterly "cash flow" statements to the stockholders. I wondered where they hid the payouts in that sheet. "Past employee benefits"
c'mon, guys. You must have ones which would top the ones above.
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