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Update Expensify-Playbook-For-US-Based-VC-Backed-Startups.md
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Working on card management updates with Bancorp - Expensify/Expensify#342533
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Christinadobrzyn authored Jan 30, 2024
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## Step 1: Create your Expensify account
If you don't already have one, go to *[new.expensify.com](https://new.expensify.com)* and sign up for an account with your work email address. The account is free so don’t worry about the cost at this stage.

## Step 2: Create a Control Policy
There are three policy types, but for your needs we recommend the Control Policy for the following reasons:
## Step 2: Upgrade to a paid policy
There are three paid policies; Individual, Collect, and Control, but for your needs we recommend the Control Policy for the following reasons:

- You can cap spend on certain expense types, and set compliance controls so Expensify’s built-in Concierge Audit Tracking can detect violations on your behalf
- As a growing business with VC-funding, the Control plan will scale with you as your team grows and you start to introduce more sophisticated approval workflows
- As a growing business with VC-funding, the Control plan will scale with you as your team grows and you start to introduce more sophisticated [approval workflows](https://help.expensify.com/articles/expensify-classic/manage-employees-and-report-approvals/Approval-Workflows) (see Step 8 below).

To create your Control Policy:

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