A spending policy is a set of guidelines set out by a company to inform how company funds should be spent. It should set boundaries and expectations so that employees are clear on what is and is not acceptable — without leaving gray areas for wasteful, unnecessary and inappropriate spending.
A spending policy should apply company-wide, laying out allotted budgets and limits for all employees. This often includes lists of approved travel expenses, such as the acceptable price range for flights, accommodations and transportation based on the region of travel.
It should also outline procedures for the use of company credit cards or virtual cards, expense reports and reimbursements.
Additionally, a spending policy should include contact information for employees who need further guidance or run into unique and unusual situations.
And finally, there should be a clear understanding about the consequences of not following the policy (i.e. warnings, suspensions, termination, legal prosecution).
Mesh by Role
The Mesh Prepaid Visa Card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from
Visa U.S.A. Inc. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014.
Mesh Payments is powered by Nium in the following regions: Europe, UK, Singapore, Hong Kong and Australia. You can read the full terms hеre.
1350 Broadway, 24th Fl, New York, NY 10018 USA. +1 (888) 488-05-89 | All rights reserved.
+1 (888) 488-05-89
1350 Broadway, 24th Fl,
New York, NY, 10018 USA.
All rights reserved.