TJT Certified Public Accountants

Expense Reimbursements

The obligation to submit expense reports of client dinners, special event attendance, traveling outside the town and so on is not entirely known to all employees. For this reason we have decided to take the time to present to you some of the basic elements of these expense reimbursements.

 

Knowing The Reimbursement Policies

 

It is crucial to familiarize yourself with the expense reimbursement policy the company your work for is using. Look at the information concerning the payment methods such as credit cards or cash advancements; check out the data on all reimbursable expenses like mileage, transportation, hotel accommodation, foods and so on. Inquire about the existence of potential limitations to these expenses and also check the situation of expenses that are non-reimbursable. Look at the deadlines required for you to file your reimbursement documents and know exactly what sort of receipts and tracking documents you will need to add to your file.

 

It is also highly recommended that you do not take your time when it comes to filing all the paperwork. This way, you will never forget any important details you do not have in writing. Always try to file everything in before the actual imposed deadline, just like yu would hurry to place all your bets in a game of online roulette you can play with a casino chosen from the http://onlinetopcasino.com selection. Each company has its own specific set of expense reimbursement rules –and it is recommended you keep a copy of these rules on your desk or somewhere visible where you can be constantly reminded of them. Use an envelope to place all the receipts in for better organization, place the cash advancement you have received in the same envelope and draw boxes for tracking mileages and dates and tips. The last thing you want to do is to be responsible for covering your own business trip expenses!