Is this common? I’ve had access to company credit cards before on a one-off basis (never in my name). Do people legitimately make this mistake? “oops, I put it on the company cards”?
It's worse than that, because he specifically entered the company card to pay for robux. It's not like he added the company card for an earlier (company) purchase and then it accidentally got used.
>Dave said he entered the company card himself to buy Robux for his son, and it then sat saved on the Google account that also carries his work email, calendar, and files. Dave did not say why he used the company card for that purchase.
Moreover I can't think of any reason why he would be using the company card in the first place. In any company with proper controls you'd have to justify every expense and/or reimburse. It's just simpler to use a personal card, unless he was trying to embezzle some money.
Corporate cards are generally set up to allow this. If you're traveling on company business, there's a relatively high chance your personal card gets denied. Especially when on corporate travel -- if you use the corporate card for airplane, hotel and car, the personal card use for souvenirs looks a lot more like stolen card use. Companies don't want employees inconvenienced while on company travel, so they allow use of the company card for personal expenses as long as the expenses get properly claimed and paid back.
Very handy when I don’t want to use my money for whatever reason but also don’t want the company to know everywhere I’ve been
plus, it was a neat way of having a company supplied line of credit and defer payment for a couple months with no interest
Second problem was using a credit card. I know what that is but definitely don't have one, nor has anyone I know around me. Debit card only. You have money, you pay. Don't have money, tough luck. Learn to save.
A very good friend was in IT support... Clients were visiting the country and his boss couldn't take care of the clients (last minute family issue or something). Somehow he tasked my buddy to "entertain" the clients and gave him a company card.
My friend went berzerk: restaurant, then too many drinks in pubs, then titties-club with champagne bottles etc.
He hardly remembered a thing in the morning and he exploded the company credit card spendings (not $118 K but well into the 5 digits).
The boss told him: "Oh well, at least the clients had fun". And my friend didn't get fired (which he thought he would).
Don't know if it's common but I take it's not that rare.
i've done this with like a cup of coffee but not something like a game for my kids! What happens in my case is the charge is not approved for reimbursement and it's up to me to pay the bill. I feel bad for that father.
edit: it's a corporate card but it's in my name so I can actually charge whatever i want but the company only reimburses approved charges, whatever is left over is up to me to pay. As a sibling comment said, what everyone does is use their regular personal cards for the rewards/loyalty points and then submit receipts for reimbursement manually. In consulting where you travel a lot this can be thousands per month in rewards.
It helps reconcile purchases orders, and on the accounting side for purchases that aren’t directly attributable to something we track in the ERP.
The dangerous part is effectively it’s tied to virtually unlimited credit without oversight, but it’s a serious criminal offence to miss use it so no one is going to purposely use it for personal expenses (embezzlement/fraud).
This isn't a bad system because it allows for use in case of absolute emergency, but you have the safeguard of anyway requiring a receipt and a justification.
The article just says he used that card. They did not say it wasn't paid off.
I had very high spendings so it would have been easy to smuggle something. I never did that because it is simply stealing.
I now have a company card at my name. The company bears the cost and it has an extended reimbursement time. I have to reimburse it so it is in my interest to file expense claims quickly. But I could use it for anything.