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What is a decent $ amount monthly for a employee expense account?

Hi, a friend of mine was just hired for a upper management job which is in the real estate/finance area. he will be presenting the companies business seeking investments and representation from financial planners/broker dealers for a established company which owns projects across the USA. an almost 6 figure salary and comissions and a expense account. He has no office and will work from home and will be responsible for California. He is told she will also have to travel, especially to the corporate by plane. This is his first position as an hired employee and one with a expense account. How much do companies usually offer for a standard expense account in this type of profession monthly and how does the company expect you to use the account, and do they give you a company credit card? one with a with a limit? He is waiting for contracts to review and there was lack of conversation about details regarding the expense account and was told his expenses will be paid for?

Asked By: city girl - 5/21/2007
Best Answer - Chosen by Asker
How most companies I've seen handle expenses is that the employee submits a statement of what he had to spend on expenses for the previous month and the employer then reimburses him the expenses, given they are seen as necessary and not frivolous. Very few companies that I've seen give a per diem unless they are... More
Answered By: Jeffrey B - 5/21/2007
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