The journal entry should include the date, description, and amount of the expense.
To ensure accuracy and transparency, most companies require their employees to keep records of their travel expenses and to submit a journal entry along with their reimbursement claims. The employee must submit a claim in order to receive reimbursement, which is usually based on the company’s travel expense policy and any applicable tax laws. When an employee is required to travel for work-related activities, the company will typically cover the cost for transportation, accommodation, meals, and other necessary costs. The reimbursement of travel expenses is a common component of employee compensation. Traveling Expenses Journal Entry Traveling Expenses
