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.
The bad debt expense percentage measures the expected uncollectibility on credit sales. Definition. Bad debt expense percentage equals bad debt expense for the year divided by credit sales for that year. Bad debt expense is the net addition to the allowance for bad debts during your business year. If you do not maintain an allowance account, it would be the amount you write off during that year.