The Expense Claims tab tracks out-of-pocket expenses incurred by employees or members that your business will reimburse.
You can record each expense claim with details such as the amount, description, and who paid for the expense.
Once recorded, these claims can be processed for reimbursement, ensuring accurate tracking in your financial records.
To create a new expense claim, click the New Expense Claim button.
The Expense Claims tab includes several columns:
Date when the expense was incurred
Unique reference number for the expense claim
Person or account that paid for the expense on behalf of the business
This can be an Employee, Capital Account, or Payer
Name of the person or business that received the payment
Description of the expense
Accounts from your Chart of Accounts where this expense is categorized
Total amount of the expense claim