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Imagine discovering that a simple oversight in managing businessexpenses led to a small fortune being unwittingly spent on avoidable costs. This isn't just a hypothetical scenario; it's a reality for organizations that overlook the strategic importance of a meticulously designed expensepolicy.
Did you know that processing an expense report for an overnight hotel stay can take up to 20 minutes and cost an average of $58 ? According to a GBTA report , out-of-pocket costs an employee has paid expense reports contains errors or missing information, costing an additional $52 and 18 minutes to correct each.
Her employees hate her for it. He plans to maintain his payroll, and he understands that this loan was intended to help companies that were gonna have to shut down, or suffer major losses, or lay their employees off. So, this is a good survey; good sample size. This is a survey of 1,100 accountants in 18 countries, by the way.
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