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An out-of-pocket expense, or out-of-pocket cost (OOP), is the direct payment of money that may or may not be later reimbursed from a third-party source. For example, when operating a vehicle, gasoline , parking fees and tolls are considered out-of-pocket expenses for a trip.
Reimbursement is the act of compensating someone for an out-of-pocket expense by giving them an amount of money equal to what was spent. [1]Companies, governments and nonprofit organizations may compensate their employees or officers for necessary and reasonable expenses; under US [2] [3] law, these expenses may be deducted from taxes by the organization and treated as untaxed income for the ...
In bookkeeping, an account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries.
Expenditures (financial) Financing expense – interest expense for loans and bonds Whether a particular expenditure is classified as an expense, which is reported immediately on the business's income statement or whether it is classified as a capital expenditure (or an expenditure subject to depreciation ), which is not an expense flow of ...
A Health Reimbursement Arrangement, also known as a Health Reimbursement Account (HRA), [1] is a type of US employer-funded health benefit plan that reimburses employees for out-of-pocket medical expenses and, in limited cases, to pay for health insurance plan premiums. [2]
We executed capital expenditures in 2024 of $1.3 billion, in line with the guidance provided, with the cash outflow being $1.1 billion and the remainder to be paid in 2025.
Capital expenditure; Capital gain; Capital surplus; Cash flow; Cash flow forecasting; Cash flow statement; Chart of accounts; Checkoff; Clean surplus accounting; Clearing account; Constant purchasing power accounting; Convention of consistency; Convention of disclosure; Cost of goods sold; Cost principle
Image source: The Motley Fool. Philip Morris International (NYSE: PM) Q4 2024 Earnings Call Feb 06, 2025, 9:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants