I bought jewelry with a company card so my SO wouldn’t see it on the statement. Paid that off immediately, no cost to the company. My boss was fucking LIVID and chewed me out later. I still have no clue why it mattered but I never did that shit again.
Edit: Damn, the corporate bootlickers really came out of the woodwork for this one. No harm no foul but chew me out again boss.
It matters because accounting has to ledger expenses and balance books. Its a super pain when an employee makes a non work expense and then maybe uses cash to pay off instead of the intracompany accounts, because then the outgoing and incoming doesn’t zero out…usually needs a manual books adjustment to account for the discrepancies.
To add on to this: If your company is not tiny, then having properly managed accounts is literally a legal requirement in most countries and having people make random, not accounted for purchases raises questions.
I mean pretty much. This is some real drop in the bucket low level stuff so the over reaction here is surprising. Just for that Im gonna go steal some pens tomorrow too.
You caused additional costs to the company by making them do extra work. Do not underestimate how obnoxious accounting can be.
That’s not a defense of corporations, it’s an explanation of why they will get mad, and why it often is a firing offense if you do it for a large sum (because then it might even impact taxes as it can be viewed as compensation, or as a loan)
It mattered because he could have fired you for cause on the spot, our entire legal/financial system is built on the assumption that you don’t mix business money with personal money. Your company accountant(s) had to write a paragraph explaining to the auditors how you made an innocent misclick mistake and company policy is very clear that they don’t do that, otherwise the auditors would have not signed your company’s financial statements.
I bought jewelry with a company card so my SO wouldn’t see it on the statement. Paid that off immediately, no cost to the company. My boss was fucking LIVID and chewed me out later. I still have no clue why it mattered but I never did that shit again.
Edit: Damn, the corporate bootlickers really came out of the woodwork for this one. No harm no foul but chew me out again boss.
It matters because accounting has to ledger expenses and balance books. Its a super pain when an employee makes a non work expense and then maybe uses cash to pay off instead of the intracompany accounts, because then the outgoing and incoming doesn’t zero out…usually needs a manual books adjustment to account for the discrepancies.
To add on to this: If your company is not tiny, then having properly managed accounts is literally a legal requirement in most countries and having people make random, not accounted for purchases raises questions.
Bunch of people explaining why it matters legally and financially, your only takeaway is they’re bootlickers. Yes, YTA.
I mean pretty much. This is some real drop in the bucket low level stuff so the over reaction here is surprising. Just for that Im gonna go steal some pens tomorrow too.
You caused additional costs to the company by making them do extra work. Do not underestimate how obnoxious accounting can be.
That’s not a defense of corporations, it’s an explanation of why they will get mad, and why it often is a firing offense if you do it for a large sum (because then it might even impact taxes as it can be viewed as compensation, or as a loan)
It mattered because he could have fired you for cause on the spot, our entire legal/financial system is built on the assumption that you don’t mix business money with personal money. Your company accountant(s) had to write a paragraph explaining to the auditors how you made an innocent misclick mistake and company policy is very clear that they don’t do that, otherwise the auditors would have not signed your company’s financial statements.
It wasn’t your money to spend?
It was a credit card. I paid it off with my money. I did not spend their money, only used the card.
Credit card is money. Even worse, it is money lent to your company.
Ever heard of paying with cash?