# What is a Travel & Expense (T&E) Policy?

A T&E policy sets rules for travel booking, per diems, accommodation, and expenses. SMEs avoid overspend and ensure fairness. Clear policy plus software reduces disputes and speeds approvals.

Source: https://faqtic.co/glossary/travel-expense-policy

## Why it Matters for SMEs

- Prevents overspend
- Improves fairness
- Speeds approvals

## Example in Practice

Factorial hosts the policy and captures acknowledgements.

## Frequently Asked Questions

### Per diem or receipts?

Choose based on control needs.

### Economy vs flexible fares?

Define by role and purpose.

### Track VAT?

Yes, with categories and notes.

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Canonical HTML: https://faqtic.co/glossary/travel-expense-policy