oboloo Glossary

Employee Expense

oboloo Glossary

Employee Expense

Employee Expense is a business term used to refer to any cost incurred by an employee in the course of their work. This could include travel expenses, meals, entertainment costs, telecommunications and other miscellaneous expenses. It is important for companies to track and manage these costs since they can add up quickly and affect the bottom line. Employees must keep records of all expenses and may need to submit regular reports to ensure accuracy. Proper tracking and management of employee expenses can help to ensure that costs are kept within budget, while still providing employees with the resources they need to do their job effectively.