Food and Drinks and Per Diems

Food and Drinks and Per Diems

In my previous post I wrote about proof of delivery – what is needed to be able to prove and justify expenses properly. I used an example of an event in a hotel which included lunch and coffee breaks. But I did not specifically touch upon food and drink expenses. In...
What is proof of delivery (1)

What is proof of delivery (1)

How do you account for expenses? I don’t mean, how do you book them. I mean, what documentation do you collect and keep, to make sure (and be able to show) that the expenses are real? In other words, what is your proof of delivery? In one of my previous blogs I...
What are prepaid expenses and payables?

What are prepaid expenses and payables?

Are you also receiving all sorts of invoices for next year these days? I got mail from insurance companies, my newspaper subscription, office rent and whatnot. Companies asking me (or my organisation) to pay upfront for services they will provide to me in the future,...
What is an expense in accounting?

What is an expense in accounting?

What is an expense in accounting? What kind of question is that?????? Read on and you will understand the question and why it is relevant. I promise! My motto is Finance is for Everyone and I stand by it always. With this I mean to say that everyone in your...