Good morning CFMA community,
I am wondering how other companies handle employee expense reimbursements.
A bit of backstory... The company I work for has a company credit card, but there are restrictions depending on the job title/responsibilities. For example, office project managers/estimators are limited to just fuel purchases so they have to put everything else on their personal card and have it reimbursed.
- When you do a reimbursement, what is your process?
- Do you have a program for tracking the expenses?
- How it is reimbursed (weekly check, line item on payroll/direct deposit, etc)?
- Who approves the reimbursement?
- If you have a company credit card, do you have similar restrictions?
I know a lot of these items can vary based on the company size/revenue/etc, but I'm just trying to get a general idea of how others are handling these costs and if they find value in their process or if they feel its efficient.
Thank you and happy Wednesday!
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