Businesses make advance payments for a variety of different expenses. Any expense that is paid in advance of actually receiving the benefit of the payment is considered a prepaid expense for ...

Business expenses are the ordinary and necessary costs required to run a business. Any money spent in the name of doing ...

If you plan to let employees make purchases on behalf of your company, you need a process to manage and reimburse those expenses. That's where corporate expense policies come in. Implementing an ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in ...

A travel expense reimbursement policy should be part of the policy and procedures for any small business if it will require the employees to conduct business travel. This could include overnight trips ...

Depreciation expense can be a big portion of a company’s total expense. And since expenses decrease income, it affects the overall value of a company. Understanding what it is and the methods can help ...

An accountant working on receipt documentation using software. If you plan to let employees make purchases on behalf of your company, you need a process to manage and reimburse those expenses. That’s ...