An expense account sounds simple enough, but it actually means two different things in business. First, it’s the process that lets employees pay for work expenses and get reimbursed by their company.

The U.S. has developed a new kind of class division that Karl Marx never conceived of—people with expense accounts v. people without them. And as that Great Leveler, the Internal Revenue Service, is ...

An expense account sounds simple enough, but it actually means two different things in business. First, it's the process that lets employees pay for work expenses and get reimbursed by their company.