Payment types encompass the various methods used to settle expenses, defining how financial transactions are conducted within an organization. This can include:
- Paid with Cash Advance
- Paid by Employee (out of pocket)
- Paid by the Company (mostly by corporate credit card)
- Reimburse Company
- Reimburse Employee
- Reduce Cash Advance
- No Settlement Required
To manage your payment types, go to Settings Manager module from the top of your ExpensePoint™ app.
The click on the Payment Type left side navigation menu.
The Payment Type workspace will open displaying the Payment Types List.
The list includes such details as:
- Payment Type
- Payment Type Code
- Account
From the Payment Type navigation menu on the left side, you can choose to:
- Add Payment Type
- Edit Payment Type
- Delete Payment Type
Watch the video below about Payment Types.