What does accountable plan mean?

accountable plan meaning in Law Dictionary

program where workers who are given an amount of cash are expected to use it for costs and return the remainder. Their particular taxable income is similar.

accountable plan meaning in Business Dictionary

cost program under which a worker receives a certain sum of cash, must take into account all expenses, and return the rest of the sum (if any) on boss. The staff member's taxable earnings stays unchanged under an accountable plan: neither the sum paid because of the organization is addressed while the staff member's earnings nor the expenditures sustained are claimed because of the worker as deductibles.