travel expense reports and filling it there are so many costs that are included such as your hotel accommodation, airline tickets and foods.
Business travelers might find the amount they enter for their meals has been higher than usual recently, with food prices on the rise. Data from the Federal Reserve shows that produce prices have been growing quickly in the past decade, which could lead to higher priced salads and other dishes at restaurants.
According to Bloomberg Businessweek, the weather has had a major impact on the cost of food. Last year, the Midwest saw a major drought at the end of July, which lead to the prices of corn and soybeans to skyrocket, as the majority of these crops in the U.S. are in this region.
With the costs of sending employees on company trips rising, businesses should be concerned about the accuracy of expense reports. To help ensure these are as precise as possible, deploying expense reporting software could be a good move. This software can also make the lives of employees easier, as they no longer have to manually record every expense during their trip.