Whate are refunds made to employees for business purchases called?
submitted by Davis

Jim Jameson

If they're business-related purchases, those would be called reimbursements. These are paid to employees for expenses they've incurred on behalf of the company, and usually must be approved beforehand. It could be travel expenses, supplies, or meals. In accounting, these are recorded as employee reimbursements or reimbursable expenses, and they're usually documented with receipts and expense reports. That makes it easier for audits or internal reviews. When companies don't ask for documentation, like receipts, it opens the door to fraud.

Matthis

They're called reimbursements. Basically, when an employee buys something for work, and the company pays them back, that's a reimbursement. It's just the company giving back the money they spent on work stuff. Sometimes it's easier to have the employee just grab supplies or something while out than it would be to have a manager doing all the shopping. You'd rather have the IT guy, for instance, buy the new router. He knows what he's doing, so it's just more efficient that way.