Company reimbursement policies are designed to ensure that employees receive timely and fair compensation for the costs associated with their work. These policies set out clear rules regarding what expenses can be claimed, how they must be documented, and when they should be submitted by. They also outline how funds should be dispersed to employees and how such payments will be taxed. With a clearly-defined reimbursement policy in place, both employers and employees can rest assured that they are in compliance with state laws and regulations. Reimbursement is an essential element of any business, so it’s important to make sure your company’s policy is up to date and meets all of the necessary requirements.