Overview
Praise for Travel and Entertainment Best Practices
"Mary Schaeffer, distinguished author and recognized accounts payable expert, has once again, with her expertise, knowledge, and resources from top companies, brought to the accounts payable field her new book Travel and Entertainment Best Practices. I highly recommend this book to keep updated with the rapidly changing automation and technology for strengthening internal controls in today's environment for the T&E process. A 'must have' for A/P coordinators and finance directors. Add this great resource to your Mary Schaeffer collection!"
—Kathryn P. Zeoli, Accounts Payable Manager, Eastman Kodak Company
"Mary Schaeffer has written an informative, concise book that provides a road map on what should be considered when writing a travel policy."
—Jean Connolly, Accounts Payable Manager, Sun Business Services
"The Columbus Metropolitan Library is currently reviewing its T&E process. Travel and Entertainment Best Practices gave us great information on which to base our new procedures. It comprehensively addresses T&E process accounts payable concerns."
—Kathleen Baker, Accounts Payable Supervisor Columbus Metropolitan Library
"Travel and expense has always been a very ambiguous subject for A/P professionals. Mary's book does a first-rate job explaining solutions to situations encountered in one of A/P's most complex areas. The explanations are easy to understand, and there are many excellent references. I think this book would be a great asset to any A/P department."
—Ann Wieger, Bookkeeper, Avera Queen of Peace Health Services
Highly accessible and applicable, Travel and Entertainment Best Practices provides a comprehensive view of the T&E procedures with authoritative tips, techniques, and advice from Mary Schaeffer, America's most accomplished accounts payable expert. This thorough work is the definitive resource for internal auditors, accounting managers, CFOs, and controllers who want to apply the best practices to their organizations' travel and entertainment policies and procedures.
Synopsis
Travel and Entertainment Best Practices is a comprehensive guide for putting in place a T&E process that is efficient, effective, and compliant with government regulations. Written in easy-to-understand language, the book spells out today's best practices from leading-edge companies for T&E expense reporting, approval, review, and reimbursement.
Accounting expert Mary Schaeffer offers an overview of the factors that have played a role in the evolution of the T&E function and stresses the vital importance of the approval process, or more to the point, the incorrect application of the approval functionality. She includes realistic suggestions on how to handle situations that occur when managers approve travel items in direct conflict with the written corporate T&E policy.
Travel and Entertainment Best Practices is a must-have guide that covers a broad range of topics including information about:
- The appropriate IRS requirements that need to be incorporated into the organization's policy and how to ensure these requirements are met by its employees
- How to obtain, handle, and store receipts for items your travelers claim on their expense reports
- Creating a solid T&E policy and procedure manual
- Solutions to the headaches that often vex the staff responsible for the processing of T&E information
- Common ways employees try to steal from companies and straightforward solutions to fraud
In addition, the book examines how automation affects the T&E reporting, review, and reimbursement functions, and contains information on T&E issues concerning international travel. Travel and Entertainment Best Practices also includes advice for negotiating contracts for employee travel.