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Fake expensing it

I wonder if Wall Street actually is cutting back. In an effort to drum up business, a Manhattan restaurant has created a website where you can generate fake receipts to turn in to your employer.

When you visit Maloney & Porcelli's "expense report generator" (expenseasteak.com), you just type in your amount and voila! Photocopied, semi-wrinkled receipts appear:

Apparently, the restaurant is also handing out doggie bags with logos on them from other restaurants -- Chipotle, Sbarro, Olive Garden -- you know, to make the ruse more authentic.

It's obviously a marketing ploy and a funny/controversial one, but perhaps it's an economic indicator. The restaurant is a stone's throw from Manhattan's bank row. No more three martini lunches? A press release from Maloney & Porcelli started with this: "One of the biggest casualties of the financial crisis is the expense account meal."

Uh, a bit of hyperbole there, but joking aside, what's your company doing about expense accounts? I read this from "Business Relationship Expert" Robin Jay:

Increased scrutiny of expense accounts is to be expected as most companies are looking for anyplace where they can cut costs. But, according to Jay, having expense accounts is critical to the success of any business. Whether or not your sales reps or executives travel for business or are working locally, you tie their hands when you don't allow them to wine and dine your company's clients.

True?

By the way, I am not advocating that you use the expense report generator. Here's the disclaimer guy talking really fast:

"I accept no liability for the content of this blog post, or for the consequences of any actions taken on the basis of the information provided."

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Mary Schaeffer's picture
Mary Schaeffer - Oct 5, 2009

These guys are idiots if they think this will generate business. All it will do is help employees trying to defraud their companies. In fact, it could hurt business if enough companies get wind of this effort and decide to prohibit employees from using the restaurant for business because they can't tell a legitimate receipt from a fake one.

With fraud on the rise given the economy, I think these guys missed the boat.
Mary Schaeffer
<a href="http://url" target="ap-now.com">Link</a>

author, Fraud in Accounts Payable: How to Prevent It and
publisher The CFO & Controllers Accounts Payable Management Journal

Keywords: fraud, accounts payable

D.J.'s picture
D.J. - Sep 30, 2009

Scott, thanks for the helpful link. I hate tackling paperwork for the accounting department and their incessant need for receipts. After finally getting around to my expense report backlog and inputting more than $8,000 on this site, my paperwork is complete - my receipt for office supplies includes 65 toner cartridges for $3,791 and 332 cans of Dusteeze Air-in-a-can for $2,918. I'm sure accounting won't notice...

Robin Jay's picture
Robin Jay - Oct 1, 2009

Scott,
Thanks for the quote. I've hosted more than 3,000 client lunches and saw my sales increase by more than 2,000%! It's never just about the meal. It's about creating quality 1-on-1 face time, making clients feel special, and using that intimate time to find out how you can better serve them.

The 3-martini lunch went out the window in the late '60's/early '70's. Nothing got done. The new business lunch is about BUSINESS - especially when it's done RIGHT! I tell people how to socialize with clients effectively.

For companies to kill expense accounts now, when they need to increase business more than ever, is WRONG, wrong, wrong! Even as a small entrepreneur, I still put my money where my mouth is. :) Besides, no one stimulates the economy by eating at their desk!

Loved your column, loved DJ's comments. The receipts and accounting departments practically take all the fun out of client lunches!
~ Robin Jay, "The Queen of the Business Lunch"

jimbob's picture
jimbob - Oct 27, 2010

If ya ain't cheatin, ya ain't tryin...