Travel Audit Reports
To keep your business travel safe in the eye of auditors you must look into the following areas to let your audit run smooth. The travel expense report should entail clear transactions with justified purposes. Your business manager should read every bill or expense issues before signing the document promptly. The audit team will ask all those transactions spend on weekends and holidays especially like on thanksgiving, black Friday or Christmas. The reason is that people usually fly on Sunday for attending a Monday meeting and has spent some expenses for their personal weekend use. Give a grave look on your highest spending. Check why so much is being spent here and how steadily the expenses are flowing. Are those spikes uniform or certainly a big amount has driven for a certain purpose. Analyze the data taken from months to know whether such expenses are meaningful or not. The merchant name and his links with the purchased item should co-ordinate and same is the case with merchant code which should align the relative expenses.
Flight receipts confirm that the flight is not in someone else’s name. As it may happens much time that the employee on a business travel accompanies his spouse under the business travel expenses. Other people to have a check for such travels are contractors, clients and people travelling for the sake of job interview.
Employees usually misuse the cash reimbursement feature without providing the receipt, therefore, each and every receipt should be saved to show the authentic reimbursement and company should set amount for the reimbursement to deliver. A detail travel mileage log is necessary to provide good travel expense reports for audits. If you take care of all the above-mentioned features your business travel audit will be a no–trouble feature.
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Business Travel Audit Report Template
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