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That's kind of a matter of your specific company's policy, but in general, expenses that you incur which are both necessary for and a direct result of the travel are reimbursable, and anything else is not. So your lodging, meals, and transportation expenses are generally reimbursable, while pretty much anything else is not. Also, there is usually a maximum allowable amount of food expense per day or per meal, and a maximum allowable hotel rate depending on your destination city (for example,your company may specify a higher permissible amount for a hotel in a major city like New York or Tokyo than one in, say, Nebraska), and anything you spend over that amount is expected to come out of your own pocket.
Many companies have an in-lieu-of policy, that allows you to spend a certain amount of money on gifts to someone who is providing you with something that would otherwise be a reimbursable expense. For example, if a friend who lives in the city you travel to allows you to stay in their house instead of getting a hotel, your company will probably reimburse you for a gift to your friend (that costs less than a hotel would have).
What else can I help you with?
What item is not a reimbursable expense when using your travel card?
Gifts
What item is not a reimbursable expense when using your travel charge card?
Gifts
What 2 acounts are affected when you pay cash for a telephone bill?
When you pay cash for a telephone bill, two accounts are affected: the Cash account and the Telephone Expense account. The Cash account decreases because you are using cash to make the payment, while the Telephone Expense account increases, reflecting the expense incurred for the telephone service. This transaction demonstrates the outflow of cash and the recognition of an expense in the accounting records.
How do you balance an expense account?
i think it depends on what entry your using..but usually it the income of cash as a receivable of revenue
Can you pay for LASIK surgery using your Health Savings Account (HSA)?
Yes, you can use your Health Savings Account (HSA) to pay for LASIK surgery as it is considered an eligible medical expense.
What is the journal entry for paid rent for the month?
The journal entry for paid rent for the month typically involves debiting the Rent Expense account and crediting the Cash account. For example, if the rent payment is $1,000, the entry would be: Debit Rent Expense $1,000 Credit Cash $1,000 This reflects the expense incurred for using the property and the reduction in cash due to the payment.
Can you purchase a heating pad using your HSA funds?
Yes, you can purchase a heating pad using your Health Savings Account (HSA) funds as long as it is considered a qualified medical expense.
Is it true when using the allowance method of accounting for uncollectible accounts the entry to record the bad debt's expense's is a debit to Bad Debts Expense and a credit to Account's Receivable.?
No while using allowance method, bad debts are charged to allowance for bad debts account rather charging the accounts receivable because accounts receivable was already charged with allowance when it was created.
Is rent paid expense an asset or liability?
Rent paid is typically considered an expense rather than an asset or liability. When rent is paid, it reduces the cash account (an asset) and is recorded as an expense on the income statement, reflecting the cost of using the rented space during that period. However, if rent is paid in advance, it may be classified as a prepaid expense, which is considered a current asset until the rental period occurs.
Government travel card 101 Which item is a benefit of using the travel card?
One key benefit of using a government travel card is that it simplifies the travel expense process for government employees by allowing them to pay for travel-related expenses directly, without needing to use personal funds. This helps streamline reimbursement procedures, ensuring that employees can manage their expenses more efficiently. Additionally, it often provides protections such as fraud protection and travel insurance, enhancing the overall travel experience.
Can You write a sentence using the Word expense?
I kept an expense accounting to give to my boss. The expense of the planned trip made me change my mind and stay home.
What is treas Fed Travel?
Treas Fed Travel is a travel management system used by the U.S. Department of the Treasury and its associated agencies. It facilitates the planning, booking, and expense reporting of official travel for employees. The system aims to streamline travel processes, ensure compliance with federal regulations, and enhance transparency in travel spending. By using Treas Fed Travel, agencies can improve efficiency and manage travel budgets more effectively.
