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May 01, 2013 at 01:20 PM

Travel & Expenses Policies & Procedures best practice

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I have been strugling a bit in advising my business partners on which best/good practice to adopt regarding the pre-authorisation of business expenses.

By the deployment of 'Travel Request' one can pre-authorise an expense, such as, air/railway travel, accommodation and meals - by estimating a total cost.

However it is difficult to come to a consensus when we want to estipulate a value threshold. We can tell an office clerk to get pre-authorised a group event that will cost about £100, but perhaps the same rule would sound inadequate to the CFO.

Moreover is the limit of £100 a good value? Having in mind that most domestic railway trips would cost less than that?

Did anyone come across some interesting policies that would be willing to share with me?

Rgrds,

Laura