1 Maintain records of the total compensation paid to each director, including any compensatory payments or reimbursement of the travel expenses of the foundationâs director and family members. 2  Once this checklist has been completed it quickly becomes obvious that reasonable compensation is a zero sum game. Maintain records of the total compensation paid to each director, including any compensatory payments or reimbursement of the travel expenses of the foundationâs director and family members. 2  Once this checklist has been completed it quickly becomes obvious that reasonable compensation is a zero sum game.
exists and is an alternate of . Answers.comÂ® is making the world better one answer at a time. Expense checks are used to cover work related expenses. These expenses must be able to be documented, and must be legitimate work expenses.
Accruals. On a balance sheet, an expense or asset that is recognized before it is paid. Accruals are recorded as liabilities or assets (depending on the type) and are recognized because of the extremely high likelihood of payment.