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Home Tips and Tricks

A Complete Guide to Understanding Travel Reimbursement

by Miles Austine
in Tips and Tricks, Travel
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Did you know that 12% of flights are booked by business travelers? If you’re one of them, you need to have a clear understanding of travel reimbursement options.

Though it may seem simple, the rules for reimbursement can vary depending on what company you’re working for. If you are new to the business and have never dealt with reimbursement, you might be unclear about what you are entitled to and how to get it.

Don’t go on a business trip unprepared. Keep reading to learn all about how to get a travel reimbursement.

What is Travel Reimbursement?

When an individual incurs business-related travel expenses, they may request reimbursement from their employer. Reimbursements cover actual expenses incurred, such as transportation, lodging, and meals.

An employer may have a policy in place dictating how much money you can spend on certain types of expenses. Employees should keep track of their expenses to be reimbursed on time. You can check Bentoforbusiness.com for an efficient and reliable way to track your travel expenses.

Different Types of Travel Reimbursement

There are many different types of travel reimbursement, and each one has its own set of rules and regulations. The most common type is per diem, which is a daily allowance for expenses. Per diem rates vary depending on the location of travel and the type of expenses incurred.

Other types include mileage, hotel, and airfare. Mileage is typically reimbursed at a set rate per mile, while hotel and airfare are reimbursed at actual cost.

Understanding What is and is Not Reimbursable

There are many factors to consider when determining if an expense is eligible for reimbursement. The first step is to check your company’s reimbursement policy.

This will outline what types of expenses are and are not eligible for reimbursement. You can also check with your supervisor or the human resources department for more info.

Some common expenses that are not eligible include personal items, damages, and fines. It is important to know what is and is not eligible for reimbursement before incurring any expenses. This will help you avoid any unwanted out-of-pocket costs.

How to File for Travel Reimbursement

To file for travel reimbursement, you will need to provide documentation of your travel expenses. This includes receipts, cancelation fees, and documentation of any other expenses incurred. You will also need to provide your travel itinerary and documentation of your travel arrangements.

Once you have gathered all this documentation, you will need to submit it to the employer you are seeking reimbursement from. They will then review your documentation and determine if you are eligible for reimbursement. If you are approved, you will receive a check or direct deposit for the amount of your reimbursement.

Travel Reimbursement Management

After reading this complete guide, you should now have a clear understanding of travel reimbursement and how it works. You should also know what to expect when filing for reimbursement and what documentation you will need to provide. If you have any questions or concerns, be sure to contact your HR department or travel coordinator.

Are you looking for more ways to improve your career journey? Check out our other articles.

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