Business Expense Reimbursement Policy - Examples
[Pages:1]Business Expense Reimbursement Policy - Examples
According to Oxy's Expense Reimbursement Policy, and the IRS, the business purpose of all reimbursable expenses must be documented on the expense reports. The business purpose of an expense needs to include all necessary information so as a third-party reviewer is informed of the business purpose. All expenses must be for a valid business purpose that is necessary and reasonable in order to conduct College business.
Business purpose must be specific. Good > "Jet Blue, LAX to Boston, MA to speak at Boston College Geometry and Topology Seminar" Incomplete >"Travel to Boston for conference"
The following information is required to document business meal expenses: date of business meal, name of restaurant/city list of attendees and their affiliation (e.g. professor, graduate student, guest speaker from ABC University) business purpose of event
Business Trip with Meals, Expense Report Description Example:
Date 10/6/10
10/6/10 10/6/10 10/7/10 10/7/10
10/8/10 10/8/10
Description 10/6/10 thru 10/8/10 To Las Vegas, Nevada to attend annual meeting of the Western Society of Professors of XYZ Conference : Jet Blue, LAX - Las Vegas roundtrip return 10/8/10 Ace Cab, Las Vegas, taxi to Hilton Suzy's Hotel Caf?, Las Vegas, breakfast, self Pearl, Las Vegas, dinner with self, John Jay, Professor of XYZ at Oxy, and Andrew Martin, Professor of XYZ at ABC University , to compare & contrast XYZ programs between ABC and Oxy. The Egg House, Las Vegas, breakfast, self Ace Cab, Las Vegas, taxi to airport
Business Expense supported by Endowment or Grant, Description Example:
For an expense supported by an endowment or grant, the business purpose is the intent of the endowment fund or grant. An example of this documentation would be:
Date 10/4/10
Description John's Scientific Equipment, Long Beach, CA, Digital scale item AB1234. Paid by LMN Endowment for Chemical Research, for which the intent is the purchase of scientific equipment for the chemistry department.
Drive versus Fly:
According to Oxy's Expense Reimbursement Policy, reimbursement will be made for coach travel, or lowest possible available fare. Amounts in excess of the lowest available fare will not be reimbursed. If an employee chooses to drive rather than fly, the employee will be reimbursed up to the lowest possible available fare for coach travel.
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- business purpose guide university of michigan
- business expense reimbursement excerpts of irs tax code
- tax year 2019 small business checklist tim kelly
- expense types
- concur expense report key fields and use of the details menu
- business purpose and justifications april 2011
- business travel reimbursement
- examples of acceptable vs unacceptable b usiness
- business expense reimbursement policy examples
- defining an appropriate business purpose
Related searches
- business expense policy example
- expense reimbursement report form
- free expense reimbursement report template
- expense reimbursement for remote workers
- expense reimbursement policy irs
- home office expense reimbursement policy
- expense reimbursement form template free
- expense reimbursement template word
- expense reimbursement form excel template
- expense reimbursement request form
- expense reimbursement policy nonprofit sample
- free expense reimbursement form template