Travel and Entertainment (T&E) Expenses

Travel and Entertainment (T&E) expenses refer to the costs incurred by employees when traveling for work-related purposes or entertaining clients. This includes expenses such as airfare, hotel accommodations, meals, car rentals, and event tickets. Companies often reimburse these costs or cover them directly, as they are considered part of doing business. T&E expenses are important for businesses to track, as they can influence budgets, cash flow, and financial reporting. Proper management of T&E is essential to ensure transparency and accountability in company spending.