Managing Expenses: 40 Useful Performance Feedback Phrases

Managing Expenses refers to the systems deployed by a business to process, pay and audit the employee-initiated expenses that may include travel, entertainment, telephone, etc.

Managing Expenses: Exceeds Expectations Phrases

• Maintains accurate documentation for every transaction carried out in the company
• Makes accurate predictions about future financial trends, directions and developments
• Precisely Plans and executes all the finances according to the need of the project
• Maintains a high level of statistical accuracy expecting every team leader to present their budget promptly
• Performs all the financial duties with consistent accuracy ensuring every detail is captured to avoid fraud
• Prevents any kind of mistakes and errors that would end up being very costly to the company
• Conforms to strict tolerances while meeting precise set company standards
• Ensures all the finances released have been authorized and cleared for release
• Following a rigorous schedule in determining what projects get funded first
• Ensuring all the important details are captured and stored for future reference

Managing Expenses: Meets Expectations Phrases

• Focuses on the evaluation of data to eliminate nonessential company expenses
• Studies and uses cheaper quality methods that lessen the company higher expenses
• Eliminates unnecessary costs by considering the vital requirements of the project
• Ensures accuracy while collecting data and sharing with the required departments
• Allows the use of the available resources before new ones are provided to avoid wastage
• Maintains clear financial records that are accurate, easy to understand and readable
• Secures the company data keeping it confidential to eliminate any kind of frauds
• Keenly follow the scheduled dates to know what project should be given funds first
• Ensures all the team leaders receive, document and account for all the resources received
• Sticks to the set rules and regulations of the company without compromise

Managing Expenses: Needs Improvement Phrases

• Continually strive to strengthen the daily reporting procedure in a professional manner
• Keenly follow the improved plans of accountability and daily records
• Display a willingness to discuss any sighted weaknesses as well as make improvements
• Ensure all the documents are readable and understandable to the management
• Avoid and completely eliminate scams and dubious transactions that cannot be clearly explained
• Welcome new trends and styles that help improve and manage expenses
• Produce the required change for the overall improvement of the department or team
• Identify areas that need assistance and follow it up with the right help
• Keenly observe the set goals for future development of the business
• Develop future goals for self-improvement in the areas of accuracy and reporting

Managing Expenses: Self Evaluation Questions

• Do you keep daily, weekly or monthly data on every expense from all teams?
• Do you avail the records to the management in real time for the funds to be released?
• Do you read and understand the team leader's proposals before releasing any funds
• Do you ask for assistance where you need help in case of overwhelming demands?
• Have you been caught in scams or frauds or irregular data reporting?
• Are you able to validate every data you have on your records?
• Do you quickly notice errors, omissions or additions that are irregular from the registers?
• Are you confident with the systems you are currently using to keep the data?
• Do you require an upgrade of any systems that you use to record and store data?
• Do you have the capacity to develop future goals that can bring a change in managing expenses?