How To Create Your Company’s First Expense Policy

How To Create Your Company’s First Expense Policy

Expenses Happen, Policies Take Planning

What goes into a successful expense policy? How can having one be as simple as possible and maximize ROI for each dollar spent? What culture building possibilities get communicated through the choices you make?

All of that and more are reviewed in this informative and useful webinar with Early Growth Financial Services Consultant CFO, Sirk Roh as he’s joined by Omar Qari, Cofounder of Abacus, which provides flexible and intelligent expense reporting.

View the webinar recording here, or read more in the recap further below:


Omar Qari

Sirk Roh

Topic Timestamps

How to create your company’s first expense policy (0:00)

Guests Sirk Roh Consultant CFO at EGFS & Omar Qari co-founder Abacus (1:26)

Introduction tracking and managing employee expenses (4:35)

Federal and state laws (5:20)

IRS publication 535 a deductible expanses guideline (5:40)

6 key elements to utilize in creating the plan (9:42)

Expectations and creating guidance

Outlining Rules and exceptions (15:15)

Examples of some expense policy rules (20:30)

Managing expenses: Financial reporting, taxes, and the bottom line. (25:30)

Properly kept records will be one of your biggest allies in the event of an audit (25:50)

Checks and balances (30:00)

Policy enforcement (34:40)

Build out the reports you need: Monitor cash, Spending trends & ROI reporting (38:50)

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