Airbase supports Single Approval Limit for individuals.
When a Single Approval Limit is set for a user, that user can go ahead and pay for any expenses that fall below the limit without approval from anyone else.
For example, if the CEO is booking a flight ticket, he/she need not get an approval for the expense if he/she has been set a Single Approval Limit of up to $100,000.
Single Approval Limits also afford the finance team a layer of control over how much an individual can spend on recurring and one-time expenses. If a user wants to spend more than the Single Approval Limit configured in their user role, they will have to create a new request.
Here is how you can set up a Single Approval Limit for a user:
- Navigate to People > User Roles.
- Click on Add a New Role.
- Fill in Single Approval Limit for recurring and one-time expenses on a per card and per year basis (details on what these fields mean below).
- Scroll down to the bottom of the page and click on Add role.
Single Approval Limit fields.
To set the Single Approval Limit for recurring and one-time expenses on a per card and per year basis, here's what you need to know:
Limit per Virtual Card.
The maximum amount that can be spent on a service in a single charge for a Recurring expense or One-time payment.
The maximum amount that can be spent on an annual basis on a Recurring expense or a One-time payment.
The Single Approval policies will override any Default policies or Department-level policies.
Once you’ve created a new role with the Single Approval Limits you’d like, you’ll have to apply the role to the employee you’d like the single approval limits to apply to.