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Treat Your Boss' Expenses as Your Own

Treat Your Boss' Expenses as Your Own

With the economy turned upside down, everyone these days is focusing on expenses. And companies are tightening their belts and cracking the whip where they may not have done previously.

My company just instituted its first expense policy guidelines. Up until now, they had always expected that employees would be price-conscientious while dining out or choosing a hotel. Unfortunately, people took advantage of this and we were seeing receipts for $1000 bottles of wine and expensive valet parking service on the company dime.

As an assistant, you will likely be reviewing bills for vendors and checking credit card statements for egregious purchases. A great way to view this part of your job is to treat your boss’s expenses as you would your own. Pretty simple.

If your own electric bill suddenly doubled, you would undoubtedly call the provider and find out why. You should take the same responsibility if something looks fishy or out of whack when your boss’s name is on the account. Notice a $4.00 charge on his credit card from an unknown source? Take the five minutes to call customer service and see what it is.

The same thing goes when making purchasing plane tickets or making hotel reservations for your boss. Even though she has made it very clear that she only stays at the Mandarin when traveling to London, if their rate has doubled since the last time she visited, she will want to know that before booking. In email correspondence, just simply noting the rate of hotel rooms, plane tickets, and other purchases is a good practice to get in the habit of.

Your boss may not mention it, but will appreciate that you care about fiscal responsibility. This will show your strong work ethic and respect of the company culture. And in the end, this will be a payoff for you as they know that you truly care about the job that you do and will compensate you appropriately.

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