Out of Pocket Expenses vs Company Incurred Expenses

There are some costs which you might pay for personally but which are business expenses, these are called "out of pocket" expenses and need to be claimed back from your company.

On the other hand there will be costs that are business expenses which are paid directly by the company. 

These two types of costs should be kept separately when you do your your record/book-keeping so that when we do your year end accounts we treat them in the correct way. Generally the more of your business expenses that you run through your company bank account, the better, as it simplifies your records.

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