Quote from accountingbyte on May 28, 2025, 8:29 am

what does per diem mean? Per diem comes from Latin and means “per day.” This term is used in businesses and travel situations to give employees money to cover meals, lodging or other things they need while away for their job. In place of submitting actual receipts, companies could pay employees a daily flat rate. This allows everyone to easily record their business expenses while on trips. Costs per day can be different at different locations and are usually driven by official or company policies.