Managing Expenses: Use these sample phrases to craft meaningful performance evaluations, drive change and motivate your workforce.

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?