Credit Card Policy For Small Business Template
What follows is a list of tips to be taken into consideration when formulating an employee credit card. Detailed receipts must be retained and attached to the credit card statements.
It should be used for reference only and it doesnt take into account all national federal or local laws.
Credit card policy for small business template. The employee agrees to comply with all the applicable policies and procedures of Insert company name and this Corporate Credit Card Policy. The agreement is styled to be favorable to the employer and holds the employee personally responsible for charges associated with misuse of the card. Refer to How To Write a Business Credit Policy for a more in-depth look at what goes into a business credit policy.
The cardholder is responsible for ensuring that the credit card purchases are within budget and. Being a Five Colleges cardholder is a special privilege. To get a head start use our company credit card policy template to define your guidelines.
Issuing credit cards to employees is a trust based exercise. This policy is a sample and its meant to provide general guidelines. Will issue a corporate credit card to eligible employees for job-related expenses.
If you decide that every individual will have a different credit limit then you should apply for a Business Credit Card. Employers count on their employees to use their credit cards appropriately and not abuse the privilege. The Florida Orchestra Association understands that the use of credit cards provide relative efficiencies to the management of State offices.
You can download these template as reference if you want to create a credit policy for your own. Sample Credit Policy A companys credit policy can vary in length from a couple of pages to hundreds of pages. Different credit policy templates provided by Formsbirds are available for you here.
A few years back I was at a small church that used your software and it was perfect for. The purpose of this policy is to communicate eligibility usage and payment of expenditure requirements for the corporate credit card. Credit Cards with the association name attached may only be used by.
Credit CardDebit Card Policy and Use Agreement. Employees shall use their corporate. Developing a credit policy is important for establishing proper financial controls.
The company credit card cannot be used to receive cash advances bank checks travelers checks andor electronic cash transfers. To ensure that trust isnt broken it falls upon employers to draft a set of policies to outline proper credit card usage. 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 employee while managing costs and ensuring compliance with Federal and State regulations and College policies.
Credit card should only be used for company-related expenses and for purposes relating to the employees job commitments. Church Credit Card Policy and Credit Card Request Form Template free to download and print for your church administrative office. 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 corporate credit card is to be used ONLY for official business expenditures not personal expenses. Credit policy is an essential document for every business especially for business in the construction industry. Credit cards may be requested for prospective cardholders by written request Credit Card Request Form to the treasurer.
Below is an example of a sample business credit policy that can be adapted to fit the needs of any company.
