T&E (Travel and Entertainment)

Travel and Entertainment (T&E) expenses refer to costs incurred by employees for business-related activities outside the regular office environment. This includes expenses such as airfare, hotel stays, meals, transportation, and event tickets when traveling for work or entertaining clients. Companies often track T&E to ensure expenses are reasonable, comply with policies, and accurately reflect in financial reports. Managing T&E effectively helps control costs, maintain transparency, and support budgeting efforts, ensuring that spending aligns with company objectives and policies.