Expense Account

Expense Account

An expense account is the right to reimbursement of money spent by employees for work-related purposes. Expense accounts are regulated by the Internal Revenue Service of the United States Government and by internal auditors for many employers.


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  • expense account — ➔ account1 * * * expense account UK US noun [C] HR, ACCOUNTING ► an arrangement in which your employer pays for the things you need to buy while doing your job: »I can put this lunch on my expense account. »expense account fraud …   Financial and business terms

  • expense account — expense accounts N COUNT An expense account is an arrangement between an employer and an employee which allows the employee to spend the company s money on things relating to their job, for example travelling or looking after clients. He put… …   English dictionary

  • expense account — expense′ account n. bus an account of business expenditures for which an employee will be reimbursed • Etymology: 1870–75 …   From formal English to slang

  • expense account — ► NOUN ▪ an arrangement under which money spent in the course of business is later reimbursed by one s employer …   English terms dictionary

  • expense account — ☆ expense account n. 1. an arrangement whereby business related expenses of an employee are paid for by the employer 2. a record of such expenses …   English World dictionary

  • expense account — noun an account to which salespersons or executives can charge travel and entertainment expenses (Freq. 1) • Syn: ↑travel and entertainment account • Hypernyms: ↑account, ↑accounting, ↑account statement * * * noun, pl ⋯ accounts [count] …   Useful english dictionary

  • expense account — UK / US noun [countable] Word forms expense account : singular expense account plural expense accounts a) a system that allows you to get back from your employer any of your own money that you have spent while working b) a record of this money …   English dictionary

  • expense account — n. to pad an expense account * * * [ɪk spensəˌkaʊnt] to pad an expense account …   Combinatory dictionary

  • expense account — ex pense ac.count n money that is available to someone who works for a company so that they can pay for meals, hotels etc when travelling or entertaining people for work ▪ I have an expense account and spend about £10,000 a year on entertaining …   Dictionary of contemporary English

  • expense account — /ɪk spens əˌkaυnt/ noun an allowance of money which a business pays for an employee to spend on travelling and entertaining clients in connection with that business ● I can put this lunch on my expense account …   Marketing dictionary in english

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