Controlling Spending on the Road - Expense Policy

They are your face to your customers. They're funny, and nice, and work their tails off to make your company a success. But, man-oh-man can they spend money!

Business travelers can wreak havoc on your budget and drive up your cost of goods sold. Over the next few entries we'll discuss a few easy steps to help you keep spending in check.

If you don't have a written expense policy, write one. If you have an expense policy, and are finding that employees ignore it you need to review it and make changes. One of the easiest ways to make sure your expense policies are adhered to is to have employees sign a document stating that they have read and understand the policy, promise to adhere to it, and recognize if they don't they will face consequences (i.e. non-reimbursement, curtailed travel, reduction in bonus, or even termination).

We have an expense policy template that can get you started or give you a few ideas to improve the one you already have. Click%20here%20to%20download%20the%20expense%20policy%20template.

Labels: Budgeting, Finance Tips, Per Diems, Travel Expenses

« Home | Budgeting Corporate Funds » | Financial Crisis Series: Staying Competitive » | Financial Crisis Series: The Credit Issue » | Financial Crisis Series: Cutting Expenses » | Financial Crisis Series: Introduction » | Event Marketers - Staying on Budget and Tracking E... » | Reminder - Bookkeeper Licenses Expire on December ... » | Promote Accountability » | Reduce Administrative Overhead » | Ask PEX Card: What should I look for in accounting... »