Expenses incurred on behalf of the company
This query is : Resolved
Ramesh Vishwanathan
(Querist)
09 December 2021
Sir,
our employees incur expenses on behalf of the company either through credit card or through or UPI or cash. Sometimes we pay advance to them to incur such expenses or we reimburse to them later.
Kindly enlighten us on the negative implications for the company as well as employees if any in this.
If there is any suggestion on best practice to be followed please share that too.
Thanks in advance.
Regards
V Ramesh
our employees incur expenses on behalf of the company either through credit card or through or UPI or cash. Sometimes we pay advance to them to incur such expenses or we reimburse to them later.
Kindly enlighten us on the negative implications for the company as well as employees if any in this.
If there is any suggestion on best practice to be followed please share that too.
Thanks in advance.
Regards
V Ramesh
CA R SEETHARAMAN
(Expert)
09 December 2021
Avoid cash payments.
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