Payment Type

Payment types encompass the various methods used to settle expenses within an organization. They define how financial transactions are processed.
Common payment types include:

• Paid with Cash Advance
• Paid by Employee (out of pocket)
• Paid by the Company (typically via corporate credit card)
• Reimburse Company
• Reimburse Employee
• Reduce Cash Advance
• No Settlement Required

Steps to Manage Payment Types in ExpensePoint

1. Open Settings Manager
   From the top of your screen, click the Settings Manager module.
   
2. Access Payment Type
   Select Payment Type from the left-side navigation menu.
   
3. Payment Type Workspace
   The Payment Type workspace will open, displaying the list of Payment Types.
   
   
   1. The list includes key details such as:
      1. Payment Type
      2. Payment Type Code
      3. Account
   2. From the Payment Type navigation menu on the left, you can:
      1. Add a Payment Type
      2. Edit a Payment Type
      3. Delete a Payment Type

Watch the video below for a visual guide on Payment Types.