TRAVEL EXPENSE FOR MODELS – AVOID THESE MISTAKES

by A.Rrajani Photographer A.Rrajani

When it comes to business trips and entertaining colleagues, it is often mandatory for companies to submit travel expense reports. These reports are often filed with the government in an effort to prevent excessive employee travel expenses. It is important to submit these expense reports for a variety of reasons. First, they are required by law. Second, they help managers control excessive spending and ensure that the company adheres to all applicable tax regulations.

When setting up your expense report, you must first determine what type of document you need. Do you need it as a written record or as an Excel spreadsheet? Most people prefer to use a written report because the information is easier to collect and analyze. However, you may find that your favorite Excel format is the best tool for you. The main reason for this is that Excel allows you to better control which areas of the document are copy and paste ready, making it more likely that you will stick to the general layout of the report.

After selecting which documents you need for your report, you must sort through your receipts to eliminate certain expenses. For instance, there are probably many trips to stylists and hair salons in your area that do not fit into your travel expense for models. You should eliminate these from your list. But, if you can’t eliminate them completely, you should at least group them by expense. Grouping by expense also makes it easier to evaluate expense categories, such as office supplies and business meals.

NEXT, CHECK THE VALUE OF EACH CATEGORY TO DETERMINE WHETHER YOUR TRAVEL EXPENSE FOR MODELS MATCHES THE CATEGORY AVERAGE.

For example, modelers who fly a lot might be better off by avoiding hotels and going instead to a local restaurant. If your travel expense for models matches the category average,

you should make sure to provide the appropriate documentation to support your claim. For instance,

if the travel expense for models averages three times more than the national average, then you should provide proof that this is indeed the case. If the cost difference is less than three percent, you can probably assume that your claim is valid.