Expense Account


Also found in: Dictionary, Thesaurus, Wikipedia.

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 ?
In its recent Advisory Opinion 2013-03A, the DOL provided guidance as to the fiduciary review needed to set up such an ERISA expense account. Acting prudently, the plan sponsor must ask the recordkeeper for all relevant information, and gain an understanding of the formula and methodology the recordkeeper uses to determine credits to the ERISA expense account.
Harris said there was $230,000 in the general expense account, and $5,000 in the capital outlay account.
EXPENSE ACCOUNT: Until January 29, call 0870 400 9190.
I've never understood the legerdemain, but we all enjoy his extension (and expense account).
Moreover, if a standard costing system is used, an over/under absorbed expense account is used to record variances that are not allocated to inventory.
The largest administrative category in USAID's operating expense account is salaries and related support for U.S.
(Note: the screen actually asks for an expense account, but I believe that if the Item is being used to track a lob/project related cost it should go to a Cost of Goods Sold type of account, not an expense.) By using a Cost of Goods Sold account for all job/project related Items, the Profit & Loss Statement clearly shows the income, the costs to produce that income, the gross profit and overhead expenses.
Issuance of the voucher: On issuance, T, in its financial books and records, debits the appropriate expense account an amount equal to a percentage of the voucher's face value, and credits its "travel voucher liability" expense account in the same amount.
Her white boss gives her the time off from the newsroom, plus the use of an expense account. His reasons for doing this are less for the opportunity to land a scoop for the Los Angeles Standard than to pay a favor owed to the LAPD.
When I took on this job, I imagined lying on the beach, soaking in some Mediterranean sun and gazing at the topless boobies, not to mention ordering sangria on somebody else's expense account. I imagined these guys to be like many of the other jaded pro skaters I have crossed paths with, ready to pass up searching for street spots instant for a cold drink in the club.
The hacks do this despite all evidence to the contrary, because it's considered bad form to admit that it might actually have been worth travelling thousands of miles, losing many hours of sleep and expending gallons of sweat padding the expense account to cover the films selected by the festival.
I also had to reimburse the New Orleans newspaper for which I'd worked for padding my expense account. The paper donated the funds to MRA.