Sunday, August 25, 2013

Detailing your Expense Management in the Firm

In the any aspects of life that we have everything is being connected in the any aspect of life that we have. Especially in the world of business everything must need to be detailed all the time especially when it comes to the money of the company but somehow some of the employee of the firm being misunderstand that it is very important for the company.

New York Mayoral candidate Christie Quinn's latest misstep has left her campaign slightly embarrassed - and has illustrated to her constituents a definite need for meticulous expense management software. Quinn and her finance director paid for some recent expenditure out of their own pockets, violating campaign-related laws, according to a series of reports from the Wall Street Journal. The expenditures in question were payments made for air travel, hotel bills, and train fare while Quinn was making an appearance at a "Victory Fund" campaign event.

A spokesman for the campaign, Mike Morey, claimed that the expenses were merely "record-keeping errors." "We missed certain expenses and have corrected our filings," said Morey, going on to note that the campaign's expense reports have been retroactively modified to correctly "reflect any costs associated with fundraising that happened distinct from Victory Fund appearances... We go to great lengths to provide the highest level of disclosure and transparency in our reporting."

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