Understand Per Diem: What Does It Mean and How Is It Used?

What Does It Mean and How Is It Used?

What Does Per Diem Mean? Definition of Per Diem Per diem is a daily allowance given to employees to cover business travel expenses like lodging, meals, and incidentals. This method simplifies the reimbursement process, eliminating the need for detailed receipts. Per diem literally means “per day” in Latin. Historical Context of Per Diem The concept … Read more