budgeting for T&E

Budgeting for Travel and Entertainment (T&E) involves planning and allocating a set amount of funds for business-related travel and entertainment expenses within a specific period. It ensures resources are used efficiently, helping organizations control costs while supporting operational needs like client meetings, conferences, or business trips. The process includes estimating costs, setting limits, and tracking actual expenses against the budget to avoid overspending. Proper T&E budgeting aligns financial planning with company goals, maintains compliance, and fosters responsible spending, ultimately supporting effective business operations without exceeding financial constraints.