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When creating an expense report template, include: Dates. A detailed table of expenses. Photos of receipts. Common cost limits, such as per diems, mileage reimbursement, or maximum cost per meal. Expense policies, including how soon employees must file reports, and when they can expect reimbursement.
Itemized receipts for transportation and lodging. Receipts must be itemized and show detail. The Travel Office cannot accept a statement showing the total amount only. Justification must be provided for any miscellaneous expense, such as internet.
Here's a very simple example: An employee drives to a conference and back, and the distance is 50 miles each way. The employee's normal commute is 10 miles each way, so 20 miles must be deducted from the reimbursement claim. In this case, 80 miles can be claimed.
A Reimbursement Form acts as a report of expenses incurred. The Reimbursement Form will include a description of each expense, the amount of the transaction, and the date the expense was incurred.
How does a mileage reimbursement work? To cover employee vehicle costs incurred as part of the job, an employer pays a cents-per-mile rate to employees. The standard mileage rate for 2023 is 65.5 cents per mile, as set by the IRS.