If your business is a government or religious business, you may also want to specify that the card may not be used for the purchase of alcohol, even on business trips. A Legal Contract. Even though your credit card policy may seem clear, it is best to hav
A corporate credit card policy explains the usage, eligibility, and requirements of a company credit card. Corporate credit card policies are internal agreements between an employer and its employees, and it outlines the acceptable and unacceptable use of
One of the ways to keep a company credit card from being used by employees for personal use is to only issue cards to employees who show good financial responsibility. This may require running a credit check on employees being considered for a card. A pol
Significance. Strong company policies on business credit-card use can avoid significant conflict, embarrassment and even legal trouble. Businesses can review the examples of high-profile ...
of debit cards for use by selected County officers and employees, but the credit line per card shall not exceed $750 except for the Board of Commissioners or when there are multiple users of one card in which case the debit card limit per card shall not e
Corporate Credit Card Policy – Company Pay Summary • The corporate card cannot be used for cash advances, personal or non-business related purchases or the purchase of alcohol • All entities are tax-exempt. As such when using the credit ca
Corporate Credit Card Policy and Guidance CONTENTS: Section: 1. General Overview 2. When to use the Corporate Credit Card 3. How to use the Corporate Credit Card 4. Guidance for Internet Purchases 5. VAT 6. Processing Monthly Statements 7. Supplier Disput
Violations of credit card usage include but are not limited to: Purchase of items for personal use Purchase of items in violation of the City’s travel policy Use of the credit card for cash advances Exceeding the credit card account credit line limi
The company credit card section of an accounting policy is a section where you define who has company credit cards and responsibility for the charges incurred. Below is a sample of this section of the procedures, which can be tailored to your situation.
Executive will be able to use the credit card. 5. Credit card usage will be subject to management checks to ensure compliance with current policies for claiming travel and subsistence and to guard against fraud. Details of any expenditure incurred under &
I:\Common\For Staff\4 Credit Card policy and cardholder agreement.doc Credit Card Policies and Procedures . Purpose The purpose of this policy is to communicate eligibility, usage and payment of expenditure requirements for the cor
Reason for Policy. A credit card usage policy spells out how the card can and cannot be used, and by whom. The policy is a form of internal control for the business so card usage can be more ...
To define the policies governing the use of credit cards for Massey University (the University). Introduction: University procurement costs can be minimised by placing both the authority to buy and the means to pay for low value
Credit Card Policy A credit card provides Nonprofit Network personnel with the ability to effectively and efficiently make purchases in relation to the Board of Directors approved Nonprofit Network budget. Guidelines 1. The Board of Directors will approve
Businesses may want to provide their employees with access to a company credit card to pay for approved business-related expenses. The corporate credit card policy is a document that explains what a corporate credit card can be used for, who is eligible t
Every company that uses corporate credit cards for their staff should have a clear, effective and detailed employee credit card policy to head off any misuse of the card by employees. It can avoid issues or misunderstandings and prevent bottlenecks in cas
RHR Smith & Company, CPA, Client Library Policies and Procedures Employee Use of Company Credit Card or Charge Accounts 1. Authorization – The owner must provide written authorization prior to the use of a company credit card or charge account b
This sample Corporate Credit Card Use Agreement template is written for use in a situation in which a company provides a corporate card for employee use. The agreement is styled to be favorable to the employer and holds the employee personally responsible
Credit Card Policy and Procedures The purpose of this policy is to provide employees with information about the credit card program and to provide a guide for the use of their Vassar issued credit card in a manner which is consistent and fair to each empl
Policy Regarding Use of Company-Issued Credit Cards . The Company will issue company credit cards to certain employees for use in their jobs; this policy sets out the acceptable and unacceptable uses of such credit cards. Use of company-issued credit card