Performance review phrases

Managing expenses is a set of operations aimed at evaluating, processing and paying expenses initiated by employees.

Exceptional/Superior:

1. Marta always looks for ways to cut expenses and save the company’s money.
2. Gregory maintains proper documentation for every financial transaction.
3. Gloria regularly reviews the company’s vendors in order to eliminate hidden costs.
4. Michael comes up with efficient strategies that minimize business costs.
5. Henry checks supplier invoices for missing discounts and overcharging before paying them.
6. Helen resolves most of the budgeting problems well in advance.
7. Robert strictly follows the company’s standards when budgeting projects.
8. Max has developed an effective cost-saving strategy for the company.
9. Bruce trains his subordinates to negotiate lower prices with vendors and suppliers.
10. Olivia accurately performs all kinds of financial duties according to her position.

Exceeds Requirements/More than Satisfactory:

1. Yvonne has cut production costs significantly by optimizing the use of available resources.
2. George monitors and adjusts the budget throughout the year, which leads to better productivity and higher returns.
3. Valerie has managed to improve financial performances across departments by developing a good business strategy.
4. Peter demonstrates impeccable accuracy in all kinds of activities related to finances.
5. Ronald conducts market analysis regularly and optimizes the budget according to the situation.
6. Harry effectively adjusts financial plans according to unpredicted changes and deadlines.
7. Arthur makes his subordinates use open source software that does not require a paid license.
8. Nigel never makes mistakes when developing financial plans.
9. Laura has reduced utility costs by installing energy-efficient equipment.
10. Jennifer maintains clear financial records according to the company’s standards.

Meets Expectations/Satisfactory:

1. Trevor has saved money on insurance by choosing another insurance provider.
2. David keeps financial and business records accurate.
3. Angela uses standardized templates for budgeting documents. It improves collaboration between the departments of the company.
4. George accurately tracks income and expenses of his department.
5. Arthur uses first class post only when it is necessary.
6. Rachel understands well what projects need to be funded first.
7. Monica never makes unplanned purchases without her supervisor’s permission.
8. Samantha thoroughly analyzes financial data to reduce non-essential expenses.
9. Emma uses efficient time-management strategies to minimize business costs.
10. Abigail has reorganized the department to make the most of the available space.

Provisional/Needs Improvement:

1. Jack does not welcome new industry trends and uses outdated financial strategies, which leads to increased business costs.
2. Elaine fails to keep financial records organized. She needs to become more accurate.
3. Robert refuses to update his expense management system even though it is not very effective.
4. George does not follow the company’s policies when preparing financial documents.
5. Aaron does not monitor employee spend, which leaves the company vulnerable to fraud.
6. Edward does not plan for seasonal expenses. The company loses a lot of money because of that.
7. Cindy often overestimates future sales. She needs to improve her analytical skills and learn to prepare better revenue forecasts.
8. Brian never reviews or adjusts his business plans. He needs to start reacting to financial changes.
9. Valerie does not analyze prices. She is bad at pricing products.
10. Susan’s cost management plans are ineffective.

Unsatisfactory:

1. Ronald does not complete expenditure reports on time.
2. Michael does not train his subordinates to be cost-conscious. Employees in his department spend too much money.
3. Hank is not willing to adjust his business plans.
4. Tabitha fails to document financial operations. She makes many mistakes in paperwork.
5. Thomas does not track variable expenses.
6. Abigail uses office space inefficiently. She needs to reorganize it for maximum productivity.
7. Oliver lacks accounting knowledge. He is not fit to be responsible for the company’s finances.
8. Rachel is bad at budgeting projects. Her subordinates require additional funding all the time.
9. Wendy is not able to establish a clear financial plan.
10. Ingrid has violated the company’s security policy multiple times when dealing with financial documents.

Self Evaluation Questions:

1. How many expense management strategies do you know?
2. Do you always maintain a rational approach to managing expenses?
3. What do you do when your projects go over budget?
4. How often do you review the company’s expenses?
5. What do you do to reduce business expenses?
6. How thoroughly do you keep track of expenses?
7. How do you track staff expenses?
8. What accounting software do you use to monitor expenses?
9. Do you hire independent contractors for specific projects?
10. What are the most important financial performance indicators in your opinion?

The sample of performance review phrases for managing expenses is a great/helpful tool for periodical/annual job performance appraisal. Note that, managing expenses review phrases can be positive or negative and your performance review can be effective or bad/poor activity for your staffs.

If no matching phrase is found, you can also see a general list of performance review phrases and choose a more appropriate skill.