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LASER SPINE INSTITUTE

FINANCE POLICIES AND PROCEDURE

SUBJECT: Credit Card Policy

EFFECTIVE DATE: May 01, 2013

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OVERVIEW

It is the intention of Laser Spine Institute to facilitate its employees and executives with a corporate credit card for those who travel and for other specific uses where a credit card is the only reasonable means available.

The purpose of the credit card is to provide the employee the means to pay for travel meals, incidentals, business-related entertainment, and certain other expenses which have been approved by the Controller only. It should only be used whereby the standard Bill Payment Authorization process cannot be used.

Cards issued in the name of the company are a privilege for convenience and must not be used for personal expenses.

ALLOWED USAGE

Travel: Abide by the LSI Company Travel Policy.

* Do use your credit card for personal meals when you are traveling, while following the published per diem rates ($50 per work day, $25 per travel day).

* Do use your credit card for refueling your rental car before returning it to avoid the fuel premium charges charged by rental car companies.

* Do use your credit card for gas when traveling outside of the commuting area of the employee’s home and you are not getting an auto allowance.

* Do use your card for tolls and parking when traveling.

Other Expenses:

* Do use your card for reasonable business entertainment expenses when a non-LSI business guest is attending and do comply with the IRS rules by supplying the receipt, date, place, attendees and business purpose of the event/meal.

* A company credit card can also be used for specific urgent items that may be needed, internet marketing spend that will only accept credit cards, or certain licensing issues where credit cards are required. These items need approval at VP level.

PROHIBITED USAGE...