0
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
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.
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.
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.
What do you debit and credit when recording depreciation expense?
There are two ways to record depreciation. With and without using a contra t-account for accumulated depreciation. Example The company buys a machine for 100,000. The residual value is 0 and the expected economic lifetime is 10 years. Using straight line method this results in a yearly depreciation expense of 10,000. Without a contra t-account Depreciation expense machine debit 10,000; machines credit for 10,000. At the end of (say) the third year, machines has a debit value of 70,000. With a contra t-account Depreciation expense machine debit 10,000; accumulated depreciation machines credit for 10,000. At the end of (say) the third year, machines still has a debit value of 100,000. Accumulated depreciation machines has a credit value of 30,000. Jointly they show the net value (or book value) of 70,000, which is the same as when no contra t-account is used.
Can you travel using a gun?
You can travel using a gun
In accounts why do you charge depreciation in profit and loss account?
Depreciation is charged to profit and loss because that amount of expense has incurred by using related fixed assets for generating revenues so these are also expenses in sence.
How can I use my HSA for LASIK eye surgery?
You can use your Health Savings Account (HSA) to pay for LASIK eye surgery by using the funds in your account to cover the cost of the procedure. Make sure to keep records of the expenses and consult with your HSA provider to ensure that LASIK is an eligible expense.
