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.
What is accrued expense? An accrued expense is an accounting term referring to an expense that is owed but not yet paid for (also known as an accrued liability). For more on other kinds of liabilities, see the encyclopedia entry liability. The accrued expense concept is one of several accounting conventions made necessary by the use of accrual accounting, in which revenues are recorded when earned and expenses are recorded when owed.