Rule to set Monthly limit
After Setting Approval flow we have to set monthly rules for Expense Group. We can set monthly rule by
clicking on the Tab shown as below.
Below screen will pop up after selecting monthly limit rules.
We can click on the + icon for adding monthly . We can set rule monthly or as per per report of the
expense, We have to add the monthly limit for app the expense group. All the other Tabs can be used for
montly rule set up for different combinations as per applicable policy.
Here's a brief explanation of monthly limits in PayExpense:
Monthly Limits
PayExpense allows you to set spending thresholds per expense category for each month. This functionality helps enforce budget controls and ensure responsible spending within your organization.
Key Points:
- Configurability: Admins can define monthly spending limits for each expense category (e.g., ₹100 for office supplies, ₹500 for meals).
- Approval Triggers: When an expense report exceeds the designated monthly limit for a category, it might trigger additional approval workflows. This could involve routing the report to a higher-level approver for review and authorization before reimbursement.
- Benefits:
- Budget Control: Monthly limits help organizations stay within budget allocations for various expense categories.
- Employee Awareness: Employees are informed about spending limitations for each category, promoting responsible expense reporting.
- Reduced Risk: Monthly limits can help mitigate the risk of excessive spending within specific expense categories.
Remember:
- The specific implementation of monthly limits in PayExpense might vary depending on the platform version and configuration.
- It's important to communicate your monthly spending limits clearly to employees as part of your overall expense reimbursement policy.
Overall, monthly limits are a valuable tool within PayExpense to promote responsible spending habits and maintain financial control over employee expenses.
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