Company Expenses
Welcome to Juiced IO Inc. Staff! Please read the following documentation to understand the Company Expense Policies of our staff.
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Welcome to Juiced IO Inc. Staff! Please read the following documentation to understand the Company Expense Policies of our staff.
Last updated
Was this helpful?
Was this helpful?
Staff or Services on the Recurring Cost Sheet: Employees are allowed to pay for staff or services listed on the recurring cost sheet that have not been paid yet. However, it is important to adhere to the budgetary limits and occasionally payments may need to be withheld in accordance with other applicable policies.
One-time Company Expenses Approved by the CEO: Employees may pay for one-time company expenses that have been specifically approved by the CEO.
Expenses with Personal Gain Intention: Employees are prohibited from paying for any expenses with the intention of personal gain. This includes personal salary, personal bonuses or compensation, services owned by the employee, services that generate affiliate commissions for the employee, or services owned by friends or family.
Large Payments over $5000: Any payments exceeding $5000 must be approved by the CEO before employees can proceed with payment.
ACH and Wire Transfers: The company prefers payments to be made through ACH (Automated Clearing House) and wire transfers. These methods enable efficient tracking and management of scheduled payments.
Card Payments: In rare cases where ACH and wire transfers are not feasible due to a valid reason, card payments may be allowed as an alternative payment method. However, this option should only be used when other methods are not possible.
It is essential for employees to comply with this policy and obtain necessary approvals before making any payments on behalf of the company. Failure to adhere to the policy may result in reimbursement denial or other appropriate actions.