Employee Expense Policies

Companies often have several policies relating to their employees. One common policy is the employee expense or reimbursement policy, which a company uses when employees conduct business outside of the company.

Features

Companies usually outline several features in their employee expense policies. These include requesting a receipt for all expenditures, management authorization for certain expenses, filling out a special reimbursement form and how to properly use a company credit card.

Purpose

Employee expense policies set a standard so employees understand what expenses they will receive reimbursement for when traveling or working outside the company's regular business location. Companies often create different policies for managers and employees because the actions of these groups are often different.

Considerations

To curb some types of employee expenses, companies may offer employees a company car or cell phone for business use. This allows the company to save money by developing a contract with vendors that will save money in the long run and avoid copious amounts of employee expenses.

References

• Employee Handbook: Employee Handbook Travel Policy
• Stevens Institute of Technology: Policy Library