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.

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.

Without expense accounts, important purchases can get lost in general spending, making it impossible to understand true operational costs. When you can see that marketing spent $50,000 last quarter on ...