How are expenses handled as an Interim Manager?

As an Interim Manager, it may be necessary for them to cover travel and/or subsistence expenses during the assignment. Here are some factors to consider when handling expenses:

  1. Company expense policy: Review the expense policy of the company you will be working for to ensure you understand the relevant regulations and requirements.
  2. Agreements in the contract: Also check your Interim Management contract to ensure that it contains agreements regarding expenses.
  3. Type of expenses: Make sure you understand what types of expenses will and will not be reimbursed by your company. This may include travelling expenses, accommodation, meals and other related costs.
  4. Proof of receipts: Make sure that you keep all receipts and proof of your expenses so that you can submit them to the company for settlement.
  5. Terms of payment: Clarify what payment terms apply, e.g. how often you can submit a statement and how long it will take to be reimbursed.
  6. Upper limits: Make sure that you know and comply with the company's upper limits for expenses and expenditure.
  7. Reimbursement policy: Discuss with your line manager or HR department how expenses are reimbursed and what steps you need to take to get your expenses reimbursed.

Overall, it is important that you have clear agreements regarding expenses and discuss these early on in the contract or with the company. Follow the company's expense policy and make sure you keep all the necessary receipts and evidence to ensure smooth billing.