Policy or no policy: what do i lose if I remove policy?
I'm an individual tracking personal and project expenses. I have a 'policy' but it is always overiding my categories, and just seems to add complexity which I can never really figure out. How do I decide whether to keep or remove the policy?
Best Answer
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Rachael Hopkins Expensify Success Coach - Admin, Expensify Team, Expensify Student Ambassador Posts: 904 Expensify TeamOptionsHi @JohnJB , we have a really great comparison chart online for seeing what is included with which kind of policy.
Your Policy is really the rules & regs for your expenses and has a higher level of detail and functionality than simply using a free account with no Policy. Essentially you want your policy to be the one accurate source of everything, including categories.
As a gross generalisation, a sole trader would have a Policy is for these three key reasons:
- Unlimited SmartScans
- Integration with an accounting package (where the categories come from)
- User access for your accountant for monthly cash-flow reporting
Everyone is different, and many have additional needs around automation.
I can see you have a Control Policy, and you may find that a Collect Policy will suffice. Check out that comparison chart linked above and see if a Collect Policy will meet your needs!
