Workers Billing Employers For Personal Expenses

from our Australia office

Cashflow is notoriously tight this time of year, and Aussie SME owners are urged to ensure their expense policies are watertight, as research suggests workers are more than happy to bill their employers for personal expenses.

A review of 4,000 workers across Australia, New Zealand, North America and the United Kingdom compiled by expense management platform Webexpenses revealed one in ten workers said they exaggerated or falsified the expense claims they made to their employers.

When it came to submitting claims to be paid back, 86% of the respondents across the world were never challenged on these claims once they’d been placed in the system.

“This lack of checks highlight the hidden nature of expense fraud — the majority of falsified reports are never challenged, or even identified, by approvers,” the Webexpenses report found.

Read the full article on SmartCompany.