Travel and Entertainment expenses

Travel and Entertainment expenses refer to costs incurred by employees for work-related activities outside the usual workplace. Travel expenses include transportation (like flights, trains, or taxis), lodging, and meals while away on business trips. Entertainment expenses cover costs for hosting clients or partners, such as dining, events, or entertainment activities. These expenses are typically documented and justified to ensure they directly support the company's business goals. Proper management of these costs helps companies maintain financial accountability and ensure expenses are reasonable and necessary for business operations.