VCU Procurement Services

Fostering a community of financial advocacy at VCU!

Category results for: Business Expense Policy

Clearer Rules, Smarter Compliance 

Procurement Services has rolled out a comprehensive update to the Reimbursable Business Expenses policy, effective August 4, 2026. This update replaces the previous 2024 version to provide clearer definitions, align with IRS guidelines, and streamline how university staff, faculty, students, and non-employees handle out-of-pocket expenses. Reimbursement remains an exception-based procurement path rather than a standard […]