An expense account sounds simple enough, but it actually means two different things in business. First, it’s the process that lets employees pay for work expenses and get reimbursed by their company.

The current tax law since 2017 has eliminated employee business expenses as an itemized deduction. But, if you own a business taxed as a C or S corporation, there is a way for the business to deduct ...

Business expenses are the ordinary and necessary costs required to run a business. Any money spent in the name of doing business can be categorized as a business expense. Every company incurs expenses ...

What are expense receipts and how should I track them? Manually tracking expense receipts shouldn't feel like a second job, but for most finance teams, that's what it can turn into. According to the ...