Cash Expenses - No Receipt, Near Threshold
Written by Michelle Henley
Updated at October 24th, 2024
Table of Contents
Use Case:
Companies often require receipts for cash expenses that exceed a certain threshold to ensure compliance with internal policies. Monitoring transactions that repeatedly fall just below this threshold, without receipts, is essential for detecting potential misuse of company funds.
The Cash Expense - No Receipt, Near Threshold risk analytic identifies cash-based transactions that lack a receipt and are close to the company’s defined threshold. It also flags employees with multiple similar transactions over a historical period (typically 90 days). This helps detect patterns of potential non-compliance or suspicious behavior, allowing organizations to take corrective action when needed.
| Description | Identifies cash-based transactions that have no receipt, are within a configured variance from the receipt threshold, and for which the employee has a high number of historical occurrences of these types of transactions |
| Domain(s) | Employee |
| Analysis Type | Context Flag |
| Focus Area | Cash |
| Score Methodology | The number of occurrences (no receipt, cash-based, near receipt threshold) for the employee over the historical period (default is 90 days of historical context) |
Default Scoring Criteria
Importance: 2 (default)
Enabled: True (default)
| Risk Result | Default Value | Notation |
|---|---|---|
| Weak | 3 | Historical Occurrences |
| Moderate | 5 | |
| Strong | 10 | |
| Auto | Not Set |
Unique Configuration
- Thresholds where a receipt is required
- Any spend over $25.00 in cash
- Defaulted to 18% from policy thresholds
- Defaulted to the past 90 days of historical context
- ‘Threshold dollars’ is also available
Exclusions
- Any item that has a receipt.
- Any ‘personal’ or ‘company’ reimbursed expenses.