One of the most frustrating internal control processes for accountants and auditors alike is the dreaded company credit card and employee expense reimbursements. You might be thinking, let’s just switch to per diem and the administrative headache all goes away. I’m sorry to say, however, that it is not always the case. So, which is better – per diem or accountable plans? As in life, as in accounting … it depends!
Per Diem