How Do I Create an Effective Expense Reimbursement Policy? From ensuring that the company isn’t wasting money on unnecessary expenses to binding company finances without killing morale, here are 11 answers to the question, “What’s one tip for creating an effective expense reimbursement policy?” Set a Maximum Total Reimbursement Amount Make the Policy as Detailed as Possible Require Employees to Submit Photos of Receipts Implement the Procedures for Submitting Expense