How can I effectively manage company credit card usage?

How can I effectively manage company credit card usage?

To manage company credit card usage effectively, establish clear policies, monitor transactions regularly, and set spending limits.

What policies should I implement for credit card usage?

Consider policies like requiring receipts for all purchases, limiting card use to specific categories, and regular audits.

How can I track expenses made with the company credit card?

You can use expense management software, set up alerts for transactions, and require monthly reports from cardholders.

What should I do if an employee misuses the company credit card?

Address the issue promptly, review the evidence, and follow your disciplinary procedures to ensure accountability.