Travel and entertainment account

Travel and entertainment account,

Definition of Travel and entertainment account:

  1. An expense account that is designated for entertainment and travel purposes. This account may be used to purchase plane tickets, pay for hotel stays, and/or food for a client or employee. This type of account makes the process of accounting for travel and entertainment expenses easier for an employer, but the account must be monitored carefully to prevent abuses of the account.

Meaning of Travel and entertainment account & Travel and entertainment account Definition