The Expense Claims tab enables the management and tracking of out-of-pocket expenses incurred by employees or members that the business or organization intends to reimburse. Users can input each claim, specifying the amount, description, and any other pertinent details about the expense. After being logged, these claims can be processed for reimbursement. This functionality guarantees precise monitoring of these out-of-pocket expenses, ensuring they are properly reflected in the organization's financial records and that employees or members are reimbursed accordingly.
To create a new expense claim, click the New Expense Claim button.
The Expense Claims tab includes several columns:
There are following columns:
Date the expense was claimed
Unique identifier for an expense claim
Name of the Employee, Capital Account, or Payer who incurred this expense on behalf of the company
Payee name that was paid
Description of expense claim
This displays the accounts from your Chart of Accounts that are associated with this expense claim, indicating the categories into which the expense claim has been organized.
Amount total on the expense report