The travel and related expense policy will help to establish guidelines for the travel-related business expenses of a corporation. The policy will ensure that employees are aware of what expenses are acceptable and what expenses are eligible for reimbursement. The travel and related expense policy is key to ensuring that travelling employees are protected from the loss of personal funds and employers are protected from incurring any unnecessary travel costs.
Risks Addressed by Policy:
- Unnecessary transportation costs incurred by a corporation.
- Extravagant meal or entertainment fees incurred.
- Employee personal travel expenses incurred by a corporation.