Cardholders who don't reconcile expense reports

January 31, 2019

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Q. What is the industry best practice for cardholders who do not reconcile their expense reports? A. (answered by the IOFM Advisory Panel ----- This should be part of your policies and procedures. It is critical to ensure there is control, that the spend is appropriate, and that you can report any fraudulent charges. It’s a mandate, not an option. If they don’t comply: Their card will be taken away and they will need to use their personal card for expenses; and/or  The business card will be…

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