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.
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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…