To add a payment type to your Expenses, go to the Settings Manager module from the top of your ExpensePoint™ app.
Then click on the Payment Type on the left side navigation menu.
From there, go to the Add Payment Type option from the menu, and this will open the Payment Type Editor.
From here, you can enter the following:
- Title - the name of the payment type
- Code- the code of the payment type, according to your accounting system
- Account - choose any 1 of the options available from the list:
- Reduce Cash Advance - use this account option to allow Submitters to choose it if they want to reduce the Cash Advance
- Reimburse Company - use this option for accounts that require Employees to reimburse the Expenses to the Company
- Reimburse Employee - use these options for accounts requiring the Company to reimburse Employees for the Expenses.
- No Settlement Required (company paid) - use this account option when no settlement is required. This is often used when Employees create Expense Reports off the Transactions on their Company Credit Card.
- No Settlement Required (company paid) Personal Expenses Employee to pay Credit Card
All fields are mandatory to save the payment type.
Once you are done entering the required information, click OK to save.
Watch the video below about Adding a Payment Type.