From the course: Focusing on the Bottom Line as an Employee

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Expenses

Expenses

From the course: Focusing on the Bottom Line as an Employee

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Expenses

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- When I started my working life in the marketing world, I quickly learned that keeping a client happy was of primary importance. But keeping a client happy isn't just about the quality of the work. It's also about keeping the humans that work for that company happy too. And sometimes paying for dinners or tickets to sporting events can go a long way. Expense accounts have long been used as a way to manage client relationships, but the freewheeling credit card flashing sales guy that you see in the movies, he's a bit of an exaggeration. Economic downturns and corporate belt tightening have washed away the days of unchecked expense accounts. Now the focus is on expense management, where employees may need to seek approval in advance for bigger expenses and smaller costs are put onto personal credit cards and then claimed after the fact. What's the net effect of this for the business? Well, it means that hard-won revenue isn't slipping out the back door through unproductive spending…

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