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Hospitality & Entertainment
Understanding Hospitality & Entertainment Expenditures
There are times when hospitality and entertainment play an essential role in maintaining your positive university business relationships within the community. Because these special types of expenses lend themselves to be present in a more relaxed environment, the flexibility with which your funding sources are selected should mutually align to support the university’s institutional mission.
Some qualifying events are associated with business meetings, fundraising, employee recognition programs, ceremonial receptions, etc., to help support, foster and solidify the university’s limitless collective social networks. Equally important, and provided your spending flexibility using these accounts, prudence and good judgement should also accompany what is considered best practice.