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Unformatted text preview: Expense tickets are used to track and aid in the recovery of customer related expenses that are not based on time. The rate of expense tickets is determined by the unit price of the charge item multiplied by the quantity. Expense tickets need to include the following information: Ticket and invoice number, whose expense is being recorded (employee or vendor with ID and name), why the ticket is being recorded (Job ID and name), item details, Invoice description, Ticket date, and Billing Details (quantity, price and billing amount). It is imperative that each ticket includes all the necessary information so billing can be done appropriately without error. If the information mentioned above is not correctly posted to each time ticket the billing will not be completed as needed which will cause a loss of income to both the company as well as the employee. If you have any additional questions please feel free to contact me for additional elaboration....
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This note was uploaded on 06/20/2010 for the course ACC 250 Accounting taught by Professor Several during the Spring '10 term at University of Phoenix.
- Spring '10