A pre-designed spreadsheet, typically created using Microsoft Excel, streamlines the process of gaining authorization for expenditures. It employs a matrix structure to clearly define approval workflows based on various factors, such as expense type, amount, department, or employee level. For example, a purchase request exceeding $500 from the marketing department might require approval from the department head and the finance manager, as specified in the template.
Such tools provide enhanced transparency, accountability, and adherence to company policies. They reduce the risk of unauthorized spending, improve budget control, and facilitate efficient auditing. Historically, the adoption of these templates has grown with the increasing emphasis on corporate governance and financial compliance.
