Accounts Reconciliation Blog

Getting a company to pay you sometimes feels like you’re pulling teeth. Payment to you gets caught up in red tape. You have to deal with purchase orders, sales invoices and delivery receipts. The only payable made that doesn’t require lots of paperwork is allowance. Accounts payable allowance is often fixed and doesn’t require an OR to back it up.

Accounts payable allowance also covers per diem. This mainly covers living expenses. Payment is based on company policy or as agreed upon my management. For example, your company might send you on a convention somewhere. You won’t need to collect official receipts every step of the way. What’s more your company will often advance payment to you to cover these expenses.