How to prevent fraudulent expense reporting
An expense claim is a document that allows employees to be reimbursed for business expenses incurred while at work. Since this reimbursement system is largely based on trust, it's not uncommon for some employees to abuse it. Unfortunately, expense claim fraud is not an exceptional occurrence – it's estimated to account for 15% of business expenses. VSEs and SMEs, which do not always have an established expense claim management policy, are the most exposed to this risk.