Creating an Effective & Efficient Travel & Entertainment Expense Reimbursement Policy (Completed)

Date: Wednesday, September 26, 2018
Instructor: Mary Schaeffer
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs

Just as the rest of the business world is evolving, so is business travel. There are services available today (and your travelers are already using them) that weren’t on the landscape five years ago. Does your travel policy address those issues? Do your employees know when and if they can use them?

Thinking that all your employees have good common sense and therefore you don’t really need a detailed travel and entertainment expense reimbursement policy can get your organization in trouble on two fronts. First, inevitably, there will be a few employees who have a very-skewed idea of what is reasonable when the company is paying. And secondly, if you don’t hold them accountable for their behavior and actions, the company could run afoul of the IRS by endangering the accountable plan status.

Who Should Attend
Accountants, controllers, accounting managers, auditors (internal and external), Treasurers, CFOs, CEOs, accounts payable professionals, expense reimbursement staff, payroll professionals, procure-to-pay professionals, and travel managers.

Topics Covered

  • Create policies for some of the newer travel issues, such as use of Uber, Lyft, Airbnb and more
  • Craft a strong travel and entertainment policy
  • Identify issues missing from your current policy
  • Address effectively all the issues that should be included in an suitable corporate travel policy
  • Create an appropriate auditing process of employee expense reports
  • Effectively update your existing policy
  • Pinpoint weak language in your current policy and tighten it to stop cash leaks

Learning Objectives

  • Identify how to create a plan that protects the organization while providing reasonable travel and entertainment accommodations for their employees

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None

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