5 Warning Signs of Corporate Credit Card Misuse

Construction companies often operate on razor-thin margins, which means every dollar counts. Unfortunately, it is not uncommon for construction crews to take advantage of and misuse company credit cards.  Here are five signs that your company might be falling victim to personal expenses on your business credit cards.

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Daily Convenience Store Transactions

Unless there is something wrong with the pump, employees should be able to purchase fuel without going into the store. If you’re seeing recurrent transactions from the convenience store for a few dollars at a time, there’s a good chance your crew member is charging his morning coffee to the company card.

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Off-Hours Fuel Purchases

Your employees should not be making fuel purchases for company vehicles when they are not on the clock.  If you see fuel purchases at unusual times or days when you know crew members are off work, you could be paying to fill up their personal vehicles.

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Purchase Categories that Don’t Make Sense

Crews working on a building site are likely not going to need patio decorations or potted plant materials. If receipts are being returned showing transactions for purchases unrelated to the job site, it is a clear sign of corporate card misuse.

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Missing Inventory

The business receipts indicate that expensive tools were purchased for a specific job, but those tools never quite made it into the tool trailer.  This usually means that someone bought themselves an expensive tool at company expense.

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Unknown Subscriptions

It is easy to forget about recurring subscription expenses - especially if the cost is small. Unfortunately, it is just as easy to take advantage of this and charge personal streaming accounts to the company cards. If you see recurring expenses, but don’t know what they are for, someone could be watching movies while the company pays.

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Stop Company Card Misuse with Outpave

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While knowing the signs of company card misuse can help you know who to talk to and what policies to put in place, it won’t replace the money that has already been spent.  That’s why you need Outpave.

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Outpave restricts purchases to approved items, places, and times, so you manage expenses instantly, not after the fact.

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Book a Demo Today

Take control of your company’s credit card expenses now—book your personalized demo today. Don’t miss the chance to strengthen your company's finances—follow us on social media for expert tips and updates.

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