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?