Expense reimbursement

Srinivas Jerripothula (Querist) 20 March 2014 This query is : Resolved
Dear Sir/Madam

One of my friend has own software company. His employee has submitted expense reimbursement slips after three months. Will you please suggest can it will be reimbursed after three months. They dont have any policy for this as off now. Please suggest sir and please give any references if you have.

Thanks & Regards,
J. Srinivas
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ajay sethi (Expert) 20 March 2014
if employee has spent funds from his own pocket company should reimburse . in future lay down guidelines that all expense vouchers have to be submitted within one month of expense having been incurred

Nadeem Qureshi (Expert) 20 March 2014
agree with expert

Rajendra K Goyal (Expert) 20 March 2014
In absence of well settled policy, the expenses may be paid if appear genuine and better form a policy for future.

Kuummaar AS (Expert) 20 March 2014
If employer is convinced that expenditure is genuine, there is no bar in making reimbursement at any time in the financial year.

Guest (Expert) 20 March 2014
Do you want that the employees of your friends company should make expenditure for the company fron their own pocket and your friend continues to earn profit out of their efforts and expenses? Non-existence of any guidelines is not the fault of employees. Only your friend is responsible for his unclear policies.

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