Sample Policy For Company Credit Card
Purpose The purpose of this policy is to communicate eligibility usage and payment of expenditure requirements for the corporate credit card. Sample Credit Card Policies and Procedures Objectives.
Feel free to modify this policy based on your organizations specific needs.
Sample policy for company credit card. Credit Card Acceptance and Processing Procedures Page 2 Merchant ID MID is a unique number that identifies each department for accounting purposes. To improve efficiency and reduce costs of payables. Sample corporate card policy Heres a corporate card policy template that we recommend for agile growing companies.
An employee in possession of the company credit card must take full responsibility for all purchases made on the card. American Express Discover MasterCard Visa corporate cards purchasing cards and debit cards are accepted. Perhaps the most important statement in any corporate card policy manual is that cards cannot be used for personal expenses.
Credit policies and procedures aim that credit is a privilege to worthy customers. Policy brief purpose. The cardholder is accountable for all activity on the corporate credit card.
Company credit card policy sample This company credit card policy helps you set up guidelines for employees who have the right to hold a company card. Corporate credit card for personal use heshe shall agree to sign a waiver which expressly authorizes the Foundation to recover the monies for such personal charges from himher through a payroll deduction. Point of Sale POS is a computer or credit card terminal that either runs as a standalone system or connects to.
Credit policies and procedures aim that the existing customers are able to pay the credit amount on the specified and scheduled due date. Policy brief purpose. Insert company name may suspend or cancel cardholder privileges at any time for any reason.
Card use will be limited to the payment of reasonable business expenses and it will only be used in accordance with purchasing guidelines and the authority inherent in the card holders position to make expenditures on behalf of the association. Credit cards can be charged for. To improve managerial reporting related to credit card purchases.
All employees have access to a corporate card but many only for certain activities. This policy sets out the acceptable and unacceptable uses of such credit cards. The corporate credit card cannot be used to obtain cash advances bank checks travelers.
Feel free to modify this policy based on your organizations specific needs. Organization-issued credit cards shall not be used for personal expenses. To allow church personnel access to efficient and alternative means of payment for approved expenses especially expenses related to business travel and office supplies.
Card will not be used for cash advances or the purchase of travelers checks. The agreement is styled to be favorable to the employer and holds the employee personally responsible. Credit cards issued in the name of the Organization are a privilege which may be revoked at any time.
As such when using the credit card the user should ensure. 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. Will issue a corporate credit card to eligible employees for job-related.
Employees requesting a credit card shall submit a written request to the CFO setting forth the necessity for the credit card. Employees who frequently make purchases on behalf of the company will get physical corporate cards. Use of company-issued credit cards is a privilege which the Company may withdraw in the event of serious or repeated abuse.
Company credit card policy sample This company credit card policy helps you set up guidelines for employees who have the right to hold a company card. The corporate credit card may not be transferred assigned to or used by anyone other than the designated cardholder. It will open as a PDF document that you can edit.
The company credit card cannot be used to receive cash advances bank checks travelers checks andor electronic cash transfers. Policy Regarding Use of Company-Issued Credit Cards The Company will issue company credit cards to certain employees for use in their jobs. To download the sample credit card usage policy simply click the image below.
Below is a sample of this section of the procedures which can be tailored to your situation. 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. 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.
CREDIT CARD POLICY Our company accepts credit cards as a method of payment for all customer purchases and open cash invoice customers who want to pay the remaining balance by credit card. ICommonFor Staff4 Credit Card policy and cardholder agreementdoc Credit Card Policies and Procedures. Cardholders should also be reminded that only the person whose name is on the card is allowed to use it and that they are responsible for its security.
If you need help review these tips. Account Policy and Purpose. Credit policies and procedures aim that no one else aside from the customer is extended with the credit.
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.
