Understanding Accounting Review in Concur: A Comprehensive Guide

Managing expenses and reimbursements can be a daunting task, especially for those new to the process. One common stage in the expense management workflow is the 'Accounting Review' phase in Concur. In this blog post, we will explore the intricacies of the accounting review process in Concur and provide valuable insights and tips to navigate through it smoothly.

What is Accounting Review in Concur?

The 'Accounting Review' stage in Concur is a critical step in the expense reimbursement process. It is the phase where expense reports that have been approved by the respective managers undergo a thorough review by the accounting department of the company.

During the accounting review, the financial team verifies the accuracy and compliance of the expenses claimed in the report. They ensure that the expenses align with the company's policies, are properly categorized, and have adequate supporting documentation. This review helps maintain financial integrity, prevent fraud, and ensure adherence to regulatory requirements.

Duration of Accounting Review

The duration of the accounting review phase can vary depending on several factors. While Concur aims to expedite the reimbursement process, it is essential to understand that the duration is influenced by the company's internal procedures and policies.

Based on the scraped data, we found instances where expenses were stuck in the 'Accounting Review' status for more extended periods. However, it is crucial to note that these instances may not be representative of the typical experience. If you find your expense report taking longer than expected, it is advisable to reach out to your company's accounting department or Concur support team for clarification.

Tips to Expedite Accounting Review

To help minimize delays during the accounting review phase, consider implementing the following tips:

• Accurate and Detailed Expense Reports: Ensure that your expense reports are complete, accurate, and properly documented. Double-check the amounts, categories, and descriptions to avoid any discrepancies that may prolong the review process.
• Compliance with Company Policies: Familiarize yourself with your company's expense policies and guidelines. Ensure that your expenses adhere to the set rules to avoid potential rejections or additional scrutiny during the review.
• Timely Submission: Submit your expense reports promptly after the expenses are incurred. Delayed submissions can lead to a backlog, causing delays in the overall reimbursement process.
• Clear Supporting Documentation: Attach all necessary receipts, invoices, and supporting documents to validate your expenses. Make sure the documents are legible and relevant to the claimed expenses.

Conclusion

Accounting review is a crucial stage in the expense reimbursement process in Concur. Understanding this phase and following best practices can help ensure a smooth and timely reimbursement experience. Remember to communicate with your company's accounting department or Concur support team if you encounter any issues or delays.