The Guide to Incidental Expenses for Business and Travel
Incidental expenses, such as small travel fees, can significantly impact budgets and require tracking for tax deductions, according to Brex.
Examples of these expenses include a $3 ATM fee at the airport, a $5 tip for the bellhop, and $2.50 for printing boarding passes at the hotel business center.
These expenses do not fit neatly into budget categories, but they can accumulate into meaningful amounts, affecting both personal finances and business operations.
As
the volume of small purchases that require consistent tracking and clear policiescan create accounting challenges, complicate tax filings, and trigger audit questions when poorly documented.
For individuals, these overlooked charges can mean the difference between staying within a travel budget or exceeding it by hundreds of dollars over the course of the year.
Author's summary: Brex reports on incidental expenses affecting budgets.