Reimbursement

A reimbursement is a payment made to another party that has incurred an expense on behalf of the paying entity. Reimbursements are commonly made to employees via their expense reports when they expend funds on behalf of their employers. Company policies typically outline which employee payments will be reimbursed by the employer, such as travel costs and certain education-related costs.

Related Courses

Optimal Accounting for Payables
Payables Management