How to record expenses items


Disagreement with the Boss

Response to the following problem:

You recently graduated with your degree in accounting and have accepted an entry-level accounting position with BigTec, Inc. One of your first responsibilities is to review expense reports submitted by various executives. The expense reports include such items as receipts for taking clients to dinner and hotel receipts for business travel. In conducting this review, you note that your boss has submitted for reimbursement several items that are clearly outside the established guidelines of the corporation.

In questioning your boss about the items, he told you to process the items and not worry about them. What would you do?

 

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Accounting Basics: How to record expenses items
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