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What is a settlement?

In the context of travel expense management, a settlement refers to the process of reconciling and finalizing travel-related expenses incurred by an employee during a business trip. This involves verifying expenses against submitted receipts, ensuring compliance with company policies, calculating the total amount to be reimbursed, and processing any payments or reimbursements to the employee.

Key Points:

  1. Expense Reconciliation: Settlement involves comparing reported expenses with receipts and travel policies to confirm their legitimacy and accuracy.

  2. Reimbursement Calculation: It calculates the total reimbursement amount due to the employee based on the approved expenses.

  3. Payment Processing: Finalizes the payment process by issuing reimbursements to the employee for out-of-pocket expenses or by settling corporate credit card transactions.

  4. Policy Compliance: Ensures that all expenses comply with the organization's travel policies and guidelines.

  5. Documentation: Provides a record of all settled expenses for auditing, reporting, and compliance purposes.


After returning from a business trip, an employee submits an expense report with receipts for hotel stays, meals, and transportation. The travel expense management system reconciles the submitted expenses with company policies, calculates the total reimbursement, and processes the payment to the employee.


  • Accuracy: Ensures that all expenses are accurately reported and reimbursed.

  • Efficiency: Streamlines the reimbursement process, reducing administrative workload.

  • Transparency: Provides clear documentation and visibility into travel expenses.

  • Compliance: Maintains adherence to company policies and regulatory requirements.

In summary, a settlement in travel expense management is the process of reconciling and finalizing travel expenses to ensure accurate reimbursement, policy compliance, and transparent record-keeping.

If you want to learn more about when and the importance of settlements within your company, we encourage you to contact your Company's Mobilexpense Administrator. 🙂

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