Per Diem Meaning

Опубликовано: 29 Ноябрь 2022
на канале: AP Now

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Per diem, what are a per diems, how do you pronounce per diem, and what is a per diem in the workplace are common searches throughout the year. People also want to know if companies have to offer per diems and why companies offer per diems in the first place. In this fast-paced episode we are going to try and answer all these questions. Stick around until the end when we address the question of why companies might want to use per diems. The explanation might surprise you. #perdiem #expensereport #accountspayable

Per diems are commonly used in the workplace as part of company’s expense reporting process. Employees either love them or hate them, it seems there’s no middle ground. That being said, should an organization choose to use per diems, it is important that they take into consideration IRS rules.

Expense reporting is frequently part of the accounts payable process. Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to Expense Reporting Habits (Questionable) [+ Best Practices to Thwart Them]
• Expense Reporting Habits (Questionabl...

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Host: Mary Schaeffer (www.ap-now.com)