Expense Account


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Expense Account

An account a company keeps with a budgeted amount of money in it to allow an employee to pay expenses on a business trip. For example, a company may authorize an employee to use a company credit card to pay for hotel, food and similar expenses while she attends a marketing event. Less commonly, an expense account refers to a situation in which an employee spends his/her own money and receives a reimbursement from the employer.
References in periodicals archive ?
The effective business valuation computer program would allow the user to adjust any expense account, or element within an expense account, and run the analysis again to consider the effect the adjusted financial information could have on historical profitability.
The greatest actual increase goes to Supreme Court judges, who will see a rise in their expense account from e1/486,114 in 2008 to e1/4252,000 in 2009.
The selectmen and Finance Committee said the truck should have been purchased from the capital outlay account, after the money was transferred from the general expense account by voters at the December town meeting.
By gaining the trust of several employees who worked in the administrative offices of the college, Kranacher was secretly provided with documents that showed the president had used the school's expense account reimbursements to line her own pockets.
No, I am not a business person on expense account freebies, but an ordinary person, a bit long in the tooth, who enjoys an occasional three-course meal very reasonably priced.
You donOt need to be on an expense account to travel like a fat cat.
Credits to a revenue account or expense account usually mean the initial reserve is being used differently from what the initial accounting appears to reflect.
You'd have a chance to unwind, see something of the city for a change, or work on your expense account if you felt especially creative.
If each accrued liability account had a single dedicated expense account (not used in connection with any other liability account), the book expense and tax deduction related to that liability could be easily determined.
Congress intended that USAID pay for the administrative costs of delivering foreign assistance (its "cost of doing business") from an operating expense account separate from its humanitarian and development assistance program funds.
expense account from the check, bill or credit card charge when purchased and an income account when the Customer Job is invoiced.
While it might be difficult to justify on the expense account, there is good value with a three-night package for US$735 for a standard (city view) room, US$915 (sea view) and US$1,035 (sea view deluxe suite)-plus the 15% in taxes and service charges and the US$3 per night tourist tax.