How to document travel expenses?

How to document travel expenses? - Crop unrecognizable mechanic holding magnifying glass on paper with airplane drawing while working on project on tablet in aircraft factory

I have found that many travelers write down their expenses while on a trip. I always however found it difficult personally, because there are so many situation in which I do not have enough time to jot it down, such as paying for the cab and then rushing forward. So I get lost pretty quickly.

How do you deal with documenting expenses? Do you always do it after the payment or rather put together in the evening? Do you write down every single expense or just the major ones?

My main concern is about expenses for which you do not receive a receipt, like for example paying on a market or car pooling.



Best Answer

Three things help me keep organized:

  • Be in the habit of writing on receipts that are not obvious (eg many cabs just have the city, not even a date - scribbling TO AIRPORT now will let you fill the rest in later)
  • Have a standard place you put receipts you haven't processed (for me, this is in a notebook to help keep them from crumpling - if I didn't get a receipt I often write down the amount in the notebook at the time)
  • Have a way to "process" receipts by writing them on a summary or typing them in to a spreadsheet, and a place to put them after doing that.

If your summary has a fairly standard format, it can help you realize where you are missing an expense - at a glance you can see there's no entry for lunch on Tuesday, perhaps. On mine if someone else buys me a meal or I share a cab and the other guy insists on paying for the whole thing, I write "Joe paid" or whatever in that spot on the summary so I know it's not a missing receipt. If it is a missing receipt I can look for it before checking out of the hotel, or try to remember the number at least approximately.

Finally, get one credit card to use for business trips and put absolutely as much on it as you can. You can reconstruct a lot from a credit card statement, but from "I came into town with $73 and left with $14", not so much. Plus, you get at least the credit card receipt even if you don't get the itemized list with the taxes.




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How do I write off travel expenses?

Using your car while at your business destination. You can deduct actual expenses or the standard mileage rate, as well as business-related tolls and parking fees. If you rent a car, you can deduct only the business-use portion for the expenses. Lodging and non-entertainment-related meals.

How do you document an expense?

Note: A combination of supporting documents may be needed to substantiate all elements of the expense....Documents for purchases include the following:
  • Canceled checks or other documents reflecting proof of payment/electronic funds transferred.
  • Cash register tape receipts.
  • Credit card receipts and statements.
  • Invoices.


  • Do you need receipts for travel expenses?

    You need to keep receipts \u2013 or other written evidence \u2013 for your travel expenses. There are some exceptions for expenses on accommodation, meals and incidental expenses.

    Can I put my travel expenses on my taxes?

    A travel expense is a type of business expense. Therefore, you must be able to meet the general business expense requirements in order to claim a deduction.



    The Best Method to Write-Off Travel Expenses | Mark J Kohler




    More answers regarding how to document travel expenses?

    Answer 2

    I use Homebank for all my personal finances. Some also swear by GnuCash, but I find it unnecessary complicated. Homebank is simpler and has all the features I care about.

    Usually I gather all receipts during the day and spend a good ten minutes adding them to the database. If you pay with a card and have electronic banking, you can skimp on receipts and acquire exact expenditure information from your bank's website (this comes in handy when paying in other currencies, bank exchange rates differ from the official ones, and some additional taxes might apply).

    This requires a bit of discipline -- if you skip filing only for a few days, the pile of receipts becomes insurmountable obstacle that you can't easily bring yourself to go through. Besides, if you don't do this every day, you tend to forget what you spent your cash on if you haven't gotten a receipt -- you can't track it as easily.

    As for the expenses, I add every single one of them, so that the actual amounts and those on book match. If you can't remember a particular transaction, you can always put it under "Other" category, and still balance out everything. Those tend to be some small one-off purchases anyway.

    Answer 3

    a little notebook and a pen or pencil work wonders. No need for battery chargers :)

    Answer 4

    I've developed an Android app which is design to do just that: easily track your expenses while traveling. It supports multiple currencies, categorizes the expenses and tracks them on a map. Its main purpose is tracking the shared expenses of a group of people, but you can use it as a single person too.

    Have a look: TravelMoney

    Cheers Francis

    Answer 5

    A friend and I took a holiday last summer and used a shared Google Spreadsheet to balance up at the end. Make sure you keep all receipts, and are willing to write-off small things, then just make a ledger in the spreadsheet and compare the values. This also gives you the advantage of seeing where the money went cumulatively (as in, if you paid for the accommodation and someone else pays for travel, you can see totals of where the most money went).

    The thing I find most difficult is keeping track in my head what I've used cash for and what I've used card for. One thing about cash is to withdraw large, round amounts - then you can see what is remaining and get a good estimate for what has been spent.

    Answer 6

    I do like keeping track of expenses when I'm travelling since I'm on a tight budget, but what I don't like is keeping track where all my receipts are! Most of other answers seem to suggest that: keep receipts, then use something else to track.

    Typically, what I do is that I have made it a habit to take a picture of a receipt in Evernote's app on my phone. (I set Evernote to sync only over WiFi networks so that I don't have to upload on slow mobile networks. It also keeps a local copy anyway.) Then, it doesn't matter whether I lose my receipts or not. In the same note, you can also quickly type or record a note of expenses for which you don't get a receipt. This is a quick and simple operation, and then later once you're back and have to file expenses, you can sit down and add them up in one go.

    This method works well enough for me. I guess though that at some point, whichever method you use, you just have to make it a habit! You can go round and round saying "But I spend in cash! Multiple times a day! And then I forget them all!" but there isn't just a real answer to that. :)

    Answer 7

    I've made an App to keep track of my expenses... You can find it here: https://itunes.apple.com/us/app/share-travel-expense/id808843677?l=it&ls=1&mt=8

    Keep track of your expenses in your travels or during week-end nights with your friends. Record how you have spent your money, where you have spent it, how much, with whom and how much was the contribution of everybody in your party. You will know in every moment how much you will be refunded and how much you own.

    • Create users profile for your friends and add them in your travel.
    • Add your expenses.
    • Add the contribution of every one of your friends.
    • Know in every moment how much you and your friends have spent.
    • Generate a map to track your expenses in your travels.
    • Send a recap mail to all your travel mates.
    • Import travel mates from your Address Book.
    • Pre generated trip to test the app.

    Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.

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