oboloo Glossary

Expense Reimbursement Process

oboloo Glossary

Expense Reimbursement Process

The Expense Reimbursement Process is the process of reimbursing employees for expenses they have incurred as part of their job. This often involves employees submitting claims for reimbursement, which then get reviewed and approved by a manager or business owner. The process helps companies manage financial resources more effectively, create tax savings, and ensure that employees are compensated for any legitimate business-related expenses. With an efficient expense reimbursement system in place, companies can enjoy the peace of mind that comes with knowing their business is being well managed.