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Being correct with credit Ray Mayne Ray Mayne Hose and Fittings Limited
I have been lucky enough recently to have been wined and dined by some of our major suppliers both in Ashburton and Sydney.
I attended the Australian Irrigation Conference in Darling Harbour, Sydney in mid-June. This conference is held every two years in various places around Australia. Two years ago the conference and exhibition was in Melbourne and in 2012 it will be held in Adelaide. Numbers attending, exhibitors and delegates were slightly fewer this time around as the slight downturn is also being noticed in Australia. It was quite noticeable that there were significantly fewer New Zealanders present in Sydney than in previous years.
With the use of credit cards being scrutinised in the media recently I have been observing how some of the business people I am involved with handle this scenario. No issues at all – everything is as it should be. We, in New Zealand, operate business credit card transactions differently from some overseas companies – especially companies from the United States.
My American hosts are no different from most other US companies. Company representatives use pretty much their own “personal� credit card. The company
then reimburses the employee’s credit card, by the due date of course, when all necessary receipts and relevant paper work has been completed. However ALL receipts etc. MUST be complete and an expense report sheet completed prior to the credit card being
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I actually have no problem with that system. It works very well. When our host received the tab for our night out, he actually checked the tab, relatively thoroughly, to ensure everything was in order. I asked him if this was a hassle and he looked at me rather curiously and said no, this is the way he has always operated and does not have any problems with it at all.
This particular person spends six months travelling each year to most countries of the world and he does this form of checking with all of his expenses! We really should have the same system here in New Zealand. There would be no abuse of credit cards.
Imagine if our MPs and other civil servants operated like this. This system will not happen in New Zealand as the perpetrators who use credit cards would never allow it to happen! I use my credit card like any other business – for work related items only. If I am travelling by air, I prefer to pay for air fares etc. online, via internet, long
before I leave. Much safer and much easier.
Business credit cards should only be used for the actual costs of incidentals whilst on a business trip - meals, taxis, car parking at airports, etc.
Credit cards should not be used for “large ticket items� like air fares, etc. Every item on a business credit card should have an itemised receipt, even a cup of coffee should be itemised.
I dare anyone to question me on that. It is important that any person who is responsible for an expense account is absolutely squeaky clean! Anyone who is in that position should automatically be thinking like that without being asked. I heard, recently, that an MP got a taxi from Palmerston North through to Wellington to attend a meeting – the cost, apparently, was about $600 – ridiculous system rip off.
There is absolutely no issue with people using business credit cards, providing they are used correctly and with the necessary paperwork being completed. If it is a genuine business reason to be using a credit card then, by all means, use one.
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