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An example of a per diem expense includes the daily meal allowance provided to an employee on a business trip. For instance, if a company's policy sets a per diem rate of $50 for meals, the employee can spend that amount on breakfast, lunch, and dinner without needing to submit individual receipts. This approach allows for flexible spending and helps employees manage their food costs while traveling. Implementing (5) Meal Per Diem Expense - Business And Financial Services - Busfin Colostate can enhance accountability and ease the reporting process.
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