Home » William D King: Should I use cash or credit on a business trip?

William D King: Should I use cash or credit on a business trip?

Expenses for business trips are reimbursed to consultants in two ways: one is by using cash; another is by using credit card. Which method should be used when on a trip?

Answer:

Using cash will allow you to easily track what you spend and how much for expenses for your business trip says, William D King. However, if the amount of money you carry with you is large, there’s also a risk to lose it or have it stolen. Most people use credit cards because their company has Mastercard or visa, so if the card number gets compromised, they can inform the bank at once and get another card. Using credit cards could lead to problems when trying to reconcile them after arriving home from the trip if receipts are not well kept. The company should have a policy about how to deal with these kinds of issues.

Using cash on business trips may be cumbersome, but it’s still manageable if you keep receipts carefully. Credit card is also can be an option but companies should have a clear procedure for misuse of credit cards.

1. Expenses for business trips are reimbursed to consultants in two ways: one is by using cash; another is by using credit card. Which method should be used when on a trip?

Answer: Using credit cards could lead to problems when trying to reconcile them after arriving home from the trip if receipts are not well kept. The company should have a policy about how to deal with these kinds of issues.

2. Using cash on business trips may be cumbersome, but it’s still manageable if you keep receipts carefully. Credit card is also can be an option but company should have a clear procedure for misuse of credit cards.

Using cash will allow you to easily track what you spend and how much for expenses for your business trip. However, if the Amount of money you carry with you is large, there’s also a risk to lose it or have it stolen says, William D King. Most people use credit cards because their company has MasterCard and visa, so if the card number gets compromised, they can inform the bank at once and get another card. Using credit cards could lead to problems when trying to reconcile them after arriving home from the trip if receipts are not well kept.

Consideration: The Company should have a policy about how to deal with these kinds of issues.

Here are some FAQs recently asked by visitors:

Q: What is the difference between direct and indirect speech?

A: Direct speech consists of actual words spoken or written. Indirect speech conveys information about what someone has said, implied, thought, or felt. Read more here – Difference between Direct and Indirect Speech

Q: How to get rid of acne at home?

A: The simplest way to get rid of acne is to use natural remedies for acne treatment. There are many ways in which you can stop pimples, whiteheads, blackheads and redness too – Acne Treatment At Home. This article discusses how you can treat existing scars after an […]

Q: What is the origin of the phrase “In a nutshell”?

A: The earliest record of this proverb in English occurs in John Heywood’s 1546 collection of proverbs. Heywood lists various groups, or guilds, each one containing four members (a priest, an actor, a cutpurse and […]

Q: What are some idioms relating to squirrels?

A: Squirrel Idioms – Find Meaning by Grouping Related Phrases There are no comments yet. Be the first! Log in (or register if you don’t have an account) to post questions and answers!

Q: What does ‘Dear me’ mean?

A: Dear Me! Is often used as an expression of surprise or shock, similar to Oh my God. This phrase is derived from the British newspaper The Daily Mail’s nickname for its readers – Dear Reader (“dear me”). Read more at Phrase Finder’s website – […]

Q: What are some idioms used when talking about dogs?

A: Pets form an important part of family life in many countries around the world. When people are attached to their pets, they will talk about them using various idioms. Here are just a few ways that […]

Q: What does “throwing money/cash down the drain” mean?

 A: What does Throwing Money down the Drain Mean It is another way of saying waste money. He throws good money after bad. We are throwing cash down the drain if we continue to invest more in that […]

Q: What is the origin of ‘letting cats out of bags’?

A: The meaning behind this phrase has changed over time. Read more at Phrase Finder’s website – Origin and Meaning of Letting Cat out Of Bag.

Conclusion:

William D King says You can use your computer to write emails and documents with your friends. Do you know how to play chess? Let’s play a game of chess at the weekend! You can also make calls or video conferences with your family or colleagues. It would be better if you could not only talk but show them pictures, discuss ideas together etc…