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Company Credit Card Policy. With a solid policy and guidelines in place you can more confidently issue business credit cards to your employees and reap the benefits of using this flexible payment tool. It can avoid issues or misunderstandings and prevent bottlenecks in case an employee needs to incur work-related expenses and has no other payment method. News research indicates is that more than 60 of business cards dont charge an annual fee. There are some words you need to fill in such as specifying the name of your company and identifying the person or department to whom receipts must be given.
41 The cardholder is responsible at all times for the proper use of the credit card in line with this policy. It is used to determine when the customers are billed and also identify whether they are qualified to avail of a creditor of an extension. Corporate Credit Card Policy Employee Pay Summary The corporate card cannot be used for cash advances non-business related purchased or the purchase of alcohol alcohol will not be reimbursed Both entities are tax-exempt. What the responsibilities of the cardholders are. To ensure all your bases are covered your company credit card policy should include a purpose statement scope conditions of use section limitations and exceptions section and it should define the disciplinary process. The use of a University credit card is governed by the following terms and conditions.
News research indicates is that more than 60 of business cards dont charge an annual fee.
Heads of Department are responsible for ensuring that the cards are exclusively used for the purpose intended. The sample company credit card use policy here may be downloaded and altered as needed for your organization. The purpose of this policy is to communicate eligibility usage and payment of expenditure requirements for the corporate credit card. Most company credit card policies for employees include these points. Corporate Credit Card Policy and Procedures. Good policies and procedures can help protect businesses from employees who use the cards to cover their personal expenses and can protect employees by letting them know what sorts of.