Receipt Rules

[Hjared]

Hello Community,

Wondering if anyone can share a brief overview of the receipt rules configured for your business. Primarily want to know if other large companies are requiring receipts to be attached globally for all expenses (firm Paid and Cash/OOP), or if there is some threshold allowing users to submit expenses w/o receipt until reached. Interested to understand what is considered the best practice as well as the industry standard for other large firms here.

Regards,
Jared 

[KevinD]

@Hjared well, I know that the IRS used to set the standard of anything paid for out of pocket that is $25 or higher would require a receipt and anything over $75 paid for on a company card would require a receipt. I've also seen some companies require a receipt for everything, which I personally think is a bit much. I've seen other companies use $10 as the threshold for out of pocket. 

I would suggest you post this question in the Admin Group here on the Community. This forum tends to be read more by end users and not those who would be setting receipt limits.