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#7138175 - 02/06/12 11:17 AM Reimbursement vs. Company Card
VIP Fishing Offline
TFF Team Angler

Registered: 05/26/09
Posts: 4021
Loc: A wandering Nomad
How many of you in the workforce have to pay for your expenses and then submit an expense report or receipts for reimbursement versus being given a company credit card to use for business?
_________________________
Originally Posted By: SeaPro-Todd
VIP is my hero!! flehan


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#7138187 - 02/06/12 11:19 AM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
SheldonS Offline
TFF Celebrity

Registered: 10/19/04
Posts: 6774
Loc: Bedford, TX
Company Amex but sometimes it's not accepted so I have to carry a Visa as a spare.
_________________________
Jigum Jigs

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#7138188 - 02/06/12 11:19 AM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
rwingo Offline
TFF Celebrity

Registered: 03/28/08
Posts: 6351
Loc: The Graves
i have company card but its so tedious to close out all the expenses, i just pay and get reimbursed, let someone else do the work
_________________________
call it what you will...he is not definitely not anywhere near the top of the list for QB's that I would choose needing a FG or touchdown drive late in the game.

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#7138201 - 02/06/12 11:22 AM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
DI Offline
TFF Team Angler

Registered: 01/06/05
Posts: 4748
Loc: Happy Town, USA
Reimburse, then I double down and use it as tax write offs.
_________________________
Edited by fouzman (7 minutes 18 seconds ago)
Edit Reason: idiotic comment

[

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#7138214 - 02/06/12 11:26 AM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
fouzman Offline
Methuselah

Registered: 01/20/09
Posts: 21113
Loc: Houston, TX
My card. Expense report. Reimburse.
_________________________
"Things turn out best for those who make the best of the way things turn out" - Zachary Troy Schrah - a young man with vision far beyond his years.

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#7138216 - 02/06/12 11:26 AM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
elcoyote Offline
Extreme Angler

Registered: 11/30/08
Posts: 1468
Loc: Clean Seguin
2 company cards, a MasterCard and an AMEX. I spend WAY too much to even think about the reimbursement method. All of the purchases that are made for our SA office go on my cards.
_________________________
The gods do not deduct from man's allotted span, the hours spent fishing.

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#7138218 - 02/06/12 11:27 AM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
NateT Offline
Extreme Angler

Registered: 10/11/06
Posts: 2632
Loc: New Orleans, LA
I have a company Amex, but we're limited to what we can use it for. The project I'm working on, I can only use it for pre approved things by my supervisor. I am recieving a flat per deim rate, so I'm limited to what I can get reimbursed for (parking, gas, flights, and hotels are about the extent of it.) THose, I have to pay out of pocket then get reimbursed.
_________________________
The great city of New Orleans- Where the schools never open, and the bars never close.


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#7138264 - 02/06/12 11:37 AM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
J Bays Offline
Angler

Registered: 11/07/06
Posts: 465
Loc: Dallas
I use my card and get reimbursed. I'd rather get the rewards from the CC than have my company receive them. I spend about $75k/yr for the company and that can have its nice little perks.

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#7138374 - 02/06/12 12:04 PM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
LandPirate Offline
TFF Team Angler

Registered: 04/13/09
Posts: 4843
Loc: Buda/Port A
I worked for the Texas AG for a while. I tried the reimbursement thing for a while. Ultimately went with the Amex card. Both ways were a beating though. We had to travel a lot. Reimbursement usually took 6 weeks. In that time I'd typically put in 3 or 4 other out of town trips. All of them paid out of my pocket. It was like slowly digging a deep well. The longer you were there and the more you traveled the deeper the hole got.

I finally had enough of it and went back to work for a real LE agency.
_________________________
Mike
Buda/Port Aransas, TX

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#7138395 - 02/06/12 12:07 PM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
lakeforkfisherman Offline
TFF Team Angler

Registered: 08/04/06
Posts: 3931
Loc: Midlothian
Have company card that gets paid directly after filing my expenses. But the company card is in my name and on my credit record.
_________________________
I only post posts of substance, like this one.

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#7138399 - 02/06/12 12:07 PM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
Bill Waldschmidt Offline
TFF Guru

Registered: 06/21/07
Posts: 13695
Loc: Dallas
Old company gave me a card. New company I think I'll have to pay out of pocket and get reimbursed
_________________________



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#7138634 - 02/06/12 01:00 PM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
patriot07 Online   content
Extreme Angler

Registered: 04/20/10
Posts: 2208
Loc: Royse City
My company has enough red tape that I had to sign up for a corporate AMEX card only to find out that I have to pay the bill for the card and still submit an expense report to get paid back. It's the dumbest system I could possibly imagine.
_________________________
Many men go fishing their entire lives without knowing it is not fish they are after. -Thoreau

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#7138656 - 02/06/12 01:04 PM Re: Reimbursement vs. Company Card [Re: patriot07]
Wylie Jeff Offline
Extreme Angler

Registered: 07/07/05
Posts: 2489
Loc: State of confusion
Same here. Glad they finally dropped the Amex...

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#7138663 - 02/06/12 01:07 PM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
CCBIRDDOGMAN Offline
Extreme Angler

Registered: 09/05/07
Posts: 2217
Loc: Cedar Creek Lake
Company Card.
_________________________

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#7138700 - 02/06/12 01:19 PM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
timwins31 Offline
Extreme Angler

Registered: 02/04/11
Posts: 1152
Loc: DFW
Not me! I learned a valuable lesson years ago about company reimbursement. Never again.

ALWAYS make them pay your way. Trust me.

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#7138708 - 02/06/12 01:21 PM Re: Reimbursement vs. Company Card [Re: lakeforkfisherman]
TexDawg Offline
Super Freak

Registered: 01/31/05
Posts: 51151
Loc: DAWG house
Originally Posted By: lakeforkfisherman
Have company card that gets paid directly after filing my expenses. But the company card is in my name and on my credit record.


this, company pays after i submit an electronic expense statement. i also have a gas card that i do not have to report, the fleet company handles that
_________________________

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#7138944 - 02/06/12 02:34 PM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
russellwayne Offline
Extreme Angler

Registered: 02/12/09
Posts: 1841
Loc: west tx
Just got the company card about 2 months ago. Too much red tape. I would rather go back to the reimbursement.
_________________________
Life journey is not to arrive at the grave safely in a well preserved state.
But rather skid in sideways, totally worn out, shouting "holy carp what a ride!"

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#7139194 - 02/06/12 03:45 PM Re: Reimbursement vs. Company Card [Re: timwins31]
VIP Fishing Offline
TFF Team Angler

Registered: 05/26/09
Posts: 4021
Loc: A wandering Nomad
Originally Posted By: timwins31
Not me! I learned a valuable lesson years ago about company reimbursement. Never again.

ALWAYS make them pay your way. Trust me.


That is the way I see it. As an employer, I do not want my employees stressed out about if they have enough money to "cover" it until the company pays them back. Some of our trips costs thousands of dollars. I have always provided company cards. I am not understanding the red tape you people have to go through with a company card. My employees just rack up expenses and hand over the receipts to the bookeeper and they are finished.

i was thinking about going to the reimburse thing but I do not think I will now.
_________________________
Originally Posted By: SeaPro-Todd
VIP is my hero!! flehan


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#7139477 - 02/06/12 04:59 PM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
Brian Spagnola Offline
TFF Guru

Registered: 09/17/05
Posts: 16144
Loc: McKinney Texas
I have 3 company cards. I just wish my dad didn't have any. Gas for a 66FT Hatteras was a little high last month.

J/k lol.

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#7139498 - 02/06/12 05:04 PM Re: Reimbursement vs. Company Card [Re: Brian Spagnola]
txfour Offline
Extreme Angler

Registered: 04/07/08
Posts: 1434
Loc: TX
I did for 5 years and hated it. I don't like putting my money up first at all. I complained until I finally got a company credit card. Life is grand now.

The problem with me, I would run up $7,000-$8,000 a month (still do) and we were reimbursed at the end of the month. Why should I be on the hook for 30 days. Didn't care for it at all.
_________________________
< choose another pic for your sig >


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#7139678 - 02/06/12 05:55 PM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
Fishspanker Online   content
TFF Team Angler

Registered: 01/19/08
Posts: 3196
Loc: Island of Jeff (Humble)
Company Visa now. Using your own card blows. Real bad if you have significant monthly expenses.
_________________________
The difference between genius and stupidity is that genius has it's limits. - Albert Einstein.

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#7139808 - 02/06/12 06:29 PM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
jumpnjohnfish Offline
Extreme Angler

Registered: 12/15/04
Posts: 1448
Loc: Ft Worth
Got a company Visa with a $10,000 every 2 weeks.
_________________________


TFF pledge name is: fancypants


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#7139963 - 02/06/12 07:16 PM Re: Reimbursement vs. Company Card [Re: patriot07]
Ted Dyer Offline
Extreme Angler

Registered: 07/12/10
Posts: 1227
Loc: East of the Rockies
Originally Posted By: patriot07
My company has enough red tape that I had to sign up for a corporate AMEX card only to find out that I have to pay the bill for the card and still submit an expense report to get paid back. It's the dumbest system I could possibly imagine.


While you are right about being a stupid system, you are not alone. My company also thinks this is the way to handle it.
_________________________
flagtexas
Remember what the door mouse said...

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#7140045 - 02/06/12 07:33 PM Re: Reimbursement vs. Company Card [Re: DI]
DYOLLP Offline
Extreme Angler

Registered: 07/29/05
Posts: 1723
Loc: Phoenix
Originally Posted By: DI
Reimburse, then I double down and use it as tax write offs.


If true, that's illegal, and you probably shouldn't advertise it on the internet.

Anyway, I have the company card that is in my name (Basically it means there's no limit.). I still submit the expense report, and they reimburse me, and I pay the bill when it comes. I can get points with the company card. The cool thing is there's two months to pay the bill without any interest. If I leave, they get the card back with a confirmation of zero balance from CC company.

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#7141378 - 02/07/12 05:43 AM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
fishinnb Offline
Extreme Angler

Registered: 05/25/07
Posts: 1065
Loc: new braunfels
i never will spend my own money to go to work. defeats the purpose of working. i am there to make myself and the company money, not finance my bosses jobs.

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#7141501 - 02/07/12 07:11 AM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
Dan702 Offline
Angler

Registered: 11/18/09
Posts: 426
Loc: Lewisville Texas
Does anyone know if company issued CC report on your credit?
_________________________
http://www.airforce.com/

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#7141538 - 02/07/12 07:27 AM Re: Reimbursement vs. Company Card [Re: Dan702]
elcoyote Offline
Extreme Angler

Registered: 11/30/08
Posts: 1468
Loc: Clean Seguin
Originally Posted By: Dan702
Does anyone know if company issued CC report on your credit?



From what I understand, they won't report on your credit, unless you signed the application for the card. I didn't sign anything on either of my co. cards, and from all the research I have done, there should be nothing on my credit report, either good or bad, from these cards.
_________________________
The gods do not deduct from man's allotted span, the hours spent fishing.

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#7141539 - 02/07/12 07:27 AM Re: Reimbursement vs. Company Card [Re: Dan702]
Brian Spagnola Offline
TFF Guru

Registered: 09/17/05
Posts: 16144
Loc: McKinney Texas
Originally Posted By: Dan702
Does anyone know if company issued CC report on your credit?



Mine doesn't. Even though it is linked
To my social.

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#7141555 - 02/07/12 07:32 AM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
bigrebar Offline
Extreme Angler

Registered: 11/02/08
Posts: 1195
Loc: Rockport, Texas
Never thought about it. For the past 15 years we had to pay our own way and submit a expense report. For the past two years we are all on a Corp Credit Card.

I just ran my credit report and nothing on there from the company card, guess it does not show. I know many people that would rather spend their own money, but know that I've had to do it both ways, I'd rather use the Company Card.

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#7141704 - 02/07/12 08:17 AM Re: Reimbursement vs. Company Card [Re: VIP Fishing]
SRPI Offline
Green Horn

Registered: 08/31/11
Posts: 4
Personal, reimburse.... Many of my expenses come from bars, thus many receipts are lost. giant pain in the butt.

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