In the normal day-to-day business operations of a company, employees will occasionally spend their own money. Out-of-pocket expenses increase when your employees travel, host events, or work closely with customers. Do you have a plan to effectively manage employee reimbursements?
Without a solid expense policy, employees can be loath to spend on the company’s behalf—or they may spend with abandon, assuming it will be reimbursed in full. The company can lose track of spending, encounter unexpected employee expenses after the fact, and end up with unhappy and untrusting employees. An enforceable expense policy and reimbursement plan can solve these problems, and today we’ll show you how.
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