Volopay also has an intelligent employee expense reimbursement portal where employees can handle their expense report for per diem and get settlements as fast as possible. Attachment of receipts and recording per diem expense reports will not take more than seconds as there is a mobile application. These act like prepaid cards where a specific amount is added and if needed more, employees can appeal and after approvals, the requested funds will be released. The perfect solution for effectively managing per diem expenses. This is suitable for companies with any number of employees as you can assign as many cards as possible. You get the privilege to add and assign physical or virtual cards to your employees with which they can take care of per diem payments. It spoils you with a variety of choices to carry out business transactions. To handle the per diem expenses of employees, you are given access to a groundbreaking platform called corporate card management. Volopay is finance and spend management platform that has transformed the way SMBs make their business payments. To handle the per diem expense report like a pro, you should consider implementing an an-all-in-all payment solution like Volopay. While on the other hand, it helps finance and accounting teams to keep abreast of the current per diem report status. On one hand, it pushes the employees to file the per diem report within seconds. Per diem expenses are called scale rate payments in the United Kingdom. A per diem allowance is a fixed amount of money given to employees to cover or reimburse them for business expenses. But receipts that employees can demand and get should be included.īusiness purpose: Why the trip was carried out, official reasons for the journey.Īn ingenious, multitasking, and modern expense reporting application mutually benefits employees and management. Per Diem Definition Per diem is taken from a Latin phrase that means for each day. Receipts: it is not possible to have receipts for every expense. To avoid complexing the per diem expense report template with too many details, read further to the must-include data in the expense report.Įmployee details: To know who is filing this, it should have the employee's name, employee ID, position, etc.īusiness trip location: location is a must as it gives identification to the report because employees can go on multiple trips within a month.ĭate, time, and duration: when the trip has happened and how long should be documented.Įxpenses and their categories: what exactly are the costs the employee endured that per diem cost made up for. It also ensures that the company is not left clueless about how employees spend the per diem coverage. Even though employees are not asked to provide bills and proof for the travel per diem, they still have to fill in the expense report and send it within 1 or 2 months from the travel date. The reason to ask for a per diem expense report is to avoid fraudulent entries and develop trust between employees and the management.
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