If you are a company owner of a convenience stores, retailer shops, or gas stations, how do you protect against company mal-practices? If you own a small business chances are you've most likely created some credit lines with local vendors. If you have a business that has employees then you may be in a position of having to trust other people to use those credit lines on your behalf.
Businesses frequently have employees such as travelers, someone who submits their expense report. Certain people that are trusted to pick up materials now and then. For example if you own a carpentry shop, plumbing company or other such firm. You are the boss and you often need things so you don't have the time to be running out to the store every time a person in your shop needs something. So then the apparent answer is you direct someone to go out and do it. Unless you want to give that person a check every time you need something you are better of establishing some sort of business credit line.
Normally the company the credit line will have the person picking up the item sign an invoice to acknowledge the purchase for their records and to give a second copy to your employee. It is your employee's responsibility to give you that copy so you can pay the bill when it is due. Over time as the person doing your shopping becomes known to your suppliers, then the opportunity for misuse manifests itself.
When it is time for you to the bill, you should observe it carefully. This is your opportunity to see if any other suspicious event is taking place. Check the invoice for unusual information and things like the date the purchase was made and if included on the invoice what time did they make the purchase? Was the purchase made during normal company hours or was it after? Often such bad purchases are made on a weekend. People that abuse your trust many times could try to do things after hours and tell the vendor about staying late.
There are particular steps you can do to avoid the problem. Most suppliers hold a list of approved signors from your company. That way if you see a signature you do not know the vendor can be held reliable for allowing the purchase. It will still be your obligation to handle the employee and their conduct. You can also inquire the vendor to send copies of all invoices to you so that you can verify all purchases. You can communicate clearly to your employees that you do check all the statements and invoices from your vendors just so that you can discouraged them from doing something they shouldn't.
Most employees would never be regarded as abusing the trust given to them by an employer but there are always certain one that feel they can get one over on the boss. They could want to get back at you due to not giving them a raise, or being disappointed about something. The point of course is that it does happen and it's better to be safe than sorry in the future. - 30462
Businesses frequently have employees such as travelers, someone who submits their expense report. Certain people that are trusted to pick up materials now and then. For example if you own a carpentry shop, plumbing company or other such firm. You are the boss and you often need things so you don't have the time to be running out to the store every time a person in your shop needs something. So then the apparent answer is you direct someone to go out and do it. Unless you want to give that person a check every time you need something you are better of establishing some sort of business credit line.
Normally the company the credit line will have the person picking up the item sign an invoice to acknowledge the purchase for their records and to give a second copy to your employee. It is your employee's responsibility to give you that copy so you can pay the bill when it is due. Over time as the person doing your shopping becomes known to your suppliers, then the opportunity for misuse manifests itself.
When it is time for you to the bill, you should observe it carefully. This is your opportunity to see if any other suspicious event is taking place. Check the invoice for unusual information and things like the date the purchase was made and if included on the invoice what time did they make the purchase? Was the purchase made during normal company hours or was it after? Often such bad purchases are made on a weekend. People that abuse your trust many times could try to do things after hours and tell the vendor about staying late.
There are particular steps you can do to avoid the problem. Most suppliers hold a list of approved signors from your company. That way if you see a signature you do not know the vendor can be held reliable for allowing the purchase. It will still be your obligation to handle the employee and their conduct. You can also inquire the vendor to send copies of all invoices to you so that you can verify all purchases. You can communicate clearly to your employees that you do check all the statements and invoices from your vendors just so that you can discouraged them from doing something they shouldn't.
Most employees would never be regarded as abusing the trust given to them by an employer but there are always certain one that feel they can get one over on the boss. They could want to get back at you due to not giving them a raise, or being disappointed about something. The point of course is that it does happen and it's better to be safe than sorry in the future. - 30462
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How Get A Line Of Credit For Personal, Secrets and tips to Get Money From Credit Line in days.
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