Implement a policy for credit card use

Description

Abstract: Providing employees with credit cards may seem convenient. But sharp criticism will likely follow if the cards are misused or appear to have been. A formal credit card policy can greatly reduce these risks. This article addresses how a nonprofit should draft guidelines for credit card use, covering such topics as prohibited uses, spending limits, documentation and unauthorized charges. A sidebar discusses how to make sure that reimbursements to employees for expenses they incurred personally qualify under an accountable plan.