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Expense reports should be required by employees who use a company credit card for the following reasons:
1. If the company is audited by its bank or IRS, the expense reports will be used along with receipts to verify the expenses.
2. With out a report detailing the travel, there will be no record of what was the purpose of the trip. Need to verify reason 1.
3. failure to complete on turn in timely expense reports will result in the loose of the credit card and the employee will have to use personal cards for travel. An expense rep rot will be required for the employee to be reimbursed. Most employees hate using personal cards for business travel. They hate even more when they have to wait up to 30 days for reimbursement.
4. Explain No. 3 in no uncertain terms to employees who do not file expanse reports, what the alternative will be.
5. employees may be using company credit cards for personal use or for things that are not approved by the company. Such as "play time" while away from the family.
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