What are the different types of reimbursement principles?

Many organizations and businesses have reimbursement policy to repay employees who spend their own money on supplies, entertaining business co -workers or traveling in the company's business. Most companies have standard principles on authorization, forms and time frames. Companies can also separate reimbursement policies according to the nature of the cost. Types of reimbursement policies include specific instructions for the nature of costs such as school school, travel, transport, supplies or health care, as well as the process of approval concerning the organization's accounts system.

Organizations are often worried about abuse of policies of reimbursement and introduce politicians aimed at preventing employees from applying for reimbursement of work -related expenses. Many employees are obliged to obtain costs such as preliminary approval of travel plans or educational courses. The accounting department often develops molding and forms that must be filled in order to require the employee to reimburse. In addition, it is usually expectedEmployees will save invoices, accounts and income to be submitted with paperwork.

Policy of travel and business entertainment is often very detailed and can set lump -sum rates for expenses such as meals, or can simply give a daily expenditure limit. Some organizations require employees to ensure traveling through their own or contractual travel agencies that may be required to look for the most economical hotels or flights. Some policies of paying travel can also reduce the purchase of alcoholic beverages, although the cost of drinks is within the meal budget instructions.

In addition to travel and business entertainment, other types of self-reimbursement principles deal with employees. For Exampensions of LE, a company that has a wellness program can also offer a policy of reimbursement of health care that helps them pay for HU systemsBlocking, Gym Membership, Smoking Case and other types of wellness services that are not covered by insurance. Many employees use the policy of reimbursement of society that can also help them pay for school. Many companies pay for further education courses, but may also pay the costs of higher education courses if the employee can prove that the takeover of the classes will improve its work performance.

Some companies streamline their reimbursement principles by issuing corporate credit or fee cards of some employees. These cards are to be used exclusively for business expenses and can help the company and employees with the cost of tracking and reimbursement, as all expenses end up in one account. Corporate policy usually limits the use of these cards to managers and other high -level employees, although sales of TAFF or other employees who have to travel or entertain regularly can also be associated with corporate cards. In some caseECH pays directly accounts for corporate credit cards, while others may require an employee to pay an account and complete the cost of paying costs as well as any other costs.