I'm diving into an important topic for all business owners: managing employee expenses. Whether your employees are current expense-makers or you're anticipating future growth, it's crucial to establish clear policies now. I'll share practical tips on defining reimbursable costs, setting spending limits, and creating a seamless expense reimbursement process. Ensuring these guidelines are in place early is key to preventing financial leakage and maintaining a healthy cash flow. Join me as I discuss how to manage employee spending effectively and keep your business finances in check! What You'll hear in this episode: [0:36] Understanding Employee Spending [1:41] Setting Up Clear Expense Policies [2:45] Expense Reimbursement Process [4:25] Submission and Approval Protocols [5:40] Customizing Policies for Your Business If you like this episode, check out: How to Make Spending Decisions Smart Cash Management for Business Owner Strategies for Managing Remote Teams Want to learn more so you can earn more? Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

Best Practices to Control Employee Spending