Meeting Expenses

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Originally Posted: December 1, 2009

Author:

Patricia A. O'Malley, CPA

Sole Proprietor

Read more about Patricia A. O'Malley, CPA

Size of Organization:

Medium

Meetings should have formal budgets.
Each meeting should be assigned a unique department or project code. This will help with analyzing variances to budgeted expenses.
All contracted meeting expenses should require written approval for changes to the contract. Verbal changes to contracts may be not be remembered by employees or misinterpreted by the vendor.