Expense Policy

An expense policy is a set of guidelines a company provides to employees about how to handle and reimburse costs incurred for work-related purposes. It specifies what types of expenses are approved, the limits on spending, necessary documentation like receipts, and the process for submitting claims. The goal is to ensure expenses are reasonable, necessary, and comply with company standards, helping manage costs effectively and maintain transparency. Adhering to this policy ensures employees are fairly reimbursed and the company maintains financial accountability.