Expenses definition
Financial costs incurred doing the discharge of an employee’s duty with the expectation of them being reimbursed by the company. Common expenses include transport, food, hotels, client entertaining and materials required in the day-to-day job. Most organisations have an ‘expenses policy’ that strictly defines what can be claimed as expenses and when. For example, employees may only be able to claim for an overnight stay if they have to be away from the office for two days or more.
