Expense Rules Configuration Options
Updated
In order to bring clarity and optimal control over expenditure policies, it is important to understand and configure the rules governing them judiciously. Our article aims to demystify these crucial parameters, thus providing a detailed perspective on how to customize financial guidelines within your organization.
Expense Policy Rules:
Expensya offers four types of expense policy rules, each with its own objective and benefits.
Alert:
Alert rules are designed to inform users when they are approaching a specific limit or condition. They serve to raise awareness among users about expense policies without blocking their actions.
For example, you can create an alert rule for expenses exceeding a certain amount, thus generating a notification to make users aware of it.
Allowance:
Allowance rules allow for setting a fixed amount or a range of authorized expenses for certain categories. This ensures that expenses remain within predefined limits.
For example, you could set a monthly allowance for meal expenses, thus limiting excessive spending.
Blocking:
Blocking rules prevent users from making expenses that do not comply with established policies. These rules are strict and prevent any action that violates the guidelines.
For example, you could implement a blocking rule to prevent expenses outside of working hours.
Ceiling:
Ceiling rules set maximum spending limits for specific categories. This helps control costs and prevent excessive spending.
For example, you could impose a monthly ceiling for business trips.
Rules Application Conditions:
- Expense Date:
Example: A company might restrict transportation expenses only to weekdays for internal policy reasons. Thus, expenses incurred on weekends would automatically be subject to specific conditions following the established rule.
- Expense Category:
Example: If a company wishes to control meal-related expenses, it could create a specific rule that applies only to "Meal" and "Dining" categories, thus limiting the use of funds for this type of expense.
- Maximum Expense Amount:
Example: A company could set a €1000 ceiling for travel expenses. If an employee submits a travel expense exceeding this limit, the rule will trigger.
- Expense Reimbursement:
Example: This option allows companies to choose whether the rule applies only to reimbursable, non-reimbursable expenses, or regardless.
- Internal and External Guests:
For internal guests: A company could apply a specific rule to expenses shared with guests.
- Client Billability:
Example: A company can apply specific rules to expenses that will be billed to its clients.
- Membership in a Specific User Group:
Example: A company can assign an expense rule to one or more groups, allowing for more targeted management of allocated budgets.
- Business or Custom Field:
Example: A company working on different projects could create specific rules for each project or for a value of a custom field it has already created.
