Travel and Entertainment Costs Traveling High
It can feel like a vacation to your people. They spend on things they would not normally. Or they may treat it as a cost of doing business. They are sacrificing by being out of town. So why not splurge a little as a reward? You may agree. You may want to treat people well on the road so they make the trips that they should. But it could go overboard.
There may be good intentions to travel inexpensively. But it may not be done well. You could think you are being tight but could be spending more than you need to without realizing it.
Your people may also be traveling when it is not needed. Technology is changing the landscape and may allow you to have face to face interactions without hitting the road.
You could cost yourself money in other ways too. You could lose out on tax deductions without proper deductions. You could also be wasting a lot of time for your people and accounting with cumbersome reimbursement processes.
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