expense account
An "expense account" is a common business practice to manage and reimburse work-related expenditures incurred by employees.
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Definition
B2Business Finance
(formal, corporate)A system where employees are reimbursed for money spent on work-related costs.
Example
- She submitted her receipts to the expense account for reimbursement.
- The company policy requires all travel expenses to be charged to the expense account.
C1Corporate Management
(technical, formal)A financial arrangement allowing employees to charge business expenses to a company-provided account.
Example
- He used his expense account to cover the costs of the client dinner.
- The expense account covers costs such as transportation and accommodation.
Similar
Terms that have similar or relatively close meanings to "expense account":