How should you handle expense reimbursements?

Verne Hargrave has a great, short explanation at Faith Based Accounting on how to handle expense reimbursements.

 Question #1 – What is the best way to handle expense reimbursements?

Extremely short summary:

  • Have a written policy
  • Require compliance with IRS policies (document purpose, who was there, proper documentation).
  • Require timely return of any advances.

 See the post above for good explanation.

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