Dear All,
How to pay the travel expenses reimbursement to the employee?
Actually One of our company employee official visit to Dubai from India and expenses made by him for call taxi, bus fare in dubai travel bill in AED. We have convert the in INR as per date of bill & exchange rate of the same date.
Please clarify.
Thanks in Advance
Sathis S
For exchange rate, you are doing right thing
book the expense a clubbed/aggregate including flight exp., visa fee, forex (in INR) that might you have paid to your employee before leaving INDIA, expenses that you have mentioned above
Try to present it in a excel sheet as a supporting voucher + bills if any whether in INR or AED including print out/sheet how exchange rate is taken/considered
Whatever employee has spend from his own pocket get the details in proper format or in plain paper signed by employee, then you can pay him through cash or bank(advisable)
CAclubindia
