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expense account

noun
1.
an account of business expenditures, as travel, hotel room, meals, and entertainment connected with work, for which an employee will be reimbursed by an employer.
Origin
1870-1875
1870-75
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for expense account
  • Clarify and enforce policies regarding its purchasing cards, business expense account, and contracting.
  • Payments allowed under the provisions of the act will be made out of the agency's administrative expense account.
  • Method of allocation used where a salary or wage was allocated between more than one operating expense account.
  • To process prepayments, set up a default prepaid expense account and give users the authority to prepay vouchers.
  • List any income or expense account item carried elsewhere than on the general ledger income or expense records.
  • Provisioning expense is posted directly from the provisioning expense account.
  • It handles employees' inquiries regarding expense account reports and makes corrections when necessary.
British Dictionary definitions for expense account

expense account

noun
1.
an arrangement by which expenses incurred in the course of a person's work are refunded by his employer or deducted from his income for tax purposes
2.
a record of such expenses
3.
(modifier) (informal) paid for by an employer or by money allowable against tax an expense-account lunch
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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expense account in Culture

expense account definition


An account or list of expenses incurred in doing business outside the office, part of which is a tax deduction. The term often applies to lunches or dinners at which business deals are made and clients entertained.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word of The Day

Difficulty index for expense account

Few English speakers likely know this word

Word Value for expense

16
18
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