How is the "Per Diem" rate used in TraX?

The "Per Diem" rate in TraX is utilized to calculate daily allowances for meals and incidentals during travel. This approach provides travelers with a predetermined amount of money that can be spent on meals and other day-to-day expenses while they are away from their usual work location.

This system simplifies the reimbursement process, as it allows travelers to be compensated without the need to keep detailed receipts for every single meal or incidental expense incurred during their travels. The Per Diem rates are typically set by government or corporate policy and reflect the costs associated with living expenses in various locations, which can differ based on the destination. By establishing a clear daily allowance, TraX supports budget management and ensures that employees are adequately covered for their travel-related expenses.