Tips and guidelines for creating an expense policy
No matter where your company is in its growth, a well-written expense policy will help your business in many important ways.
- Control cost
- Visibility into spending
- Improve compliance
- Leverage vendor discounts
- Happy employees
Creating an expense policy can be a time-consuming process, but when you consider that almost 20% of expenses fall outside of policy it makes sense to invest the time and effort. This template walks you through how to build a best-practice expense policy and also explains what each section should cover. In the template you will find:
- Explanations for each expense category in plain language
- Lists of common questions about expense policies, pitfalls
- Tips for creating a straight-forward policy that increases compliance
Get started on your expense policy today.
