T&E stands for Travel and Expenses or Travel and Entertainment, in a general corporate context. It is an abbreviation for a category of business expenses that generally includes travel and transportation, meals, entertainment, and gifts. T&E expenses are the costs incurred by a business as a result of an employee traveling away from their usual base in order to do their jobs. In the professional services sector, T&E can stand for Time and Expense, meaning the time spent on a project and recorded for utilization records and billing. T&E expense management is considered the second-most difficult operating cost to control, and it is a big deal if youre concerned with either cutting costs or making your business processes more efficient. The main benefit of T&E expenses is that they are tax-deductible, so the department will be required to create financial statements in order to reflect this. Every business will have a travel and expense policy, and automating the entire expense process helps maximize company resources and lets the finance team focus on optimizing the business.