Payment methods
You must specify the payment methods that employees are required to use when you allow them to incur expenses on behalf of your company. For instance, you might allow workers to use cash or a corporate credit card. You could also allow employees to use personal credit cards and then reimburse them.
Questions to consider when allowing a payment type to be used in conjunction with expenses
For each payment method that you approve, you must make the following decisions:
- What methods of payment are allowed?
- Who owns the expenses for the method of payment, for example, the company or the worker?
- Is an account type with an offset available? If an offset account type is available, what is it?
- What is the account if an offset account is available?
- If a credit card is the payment method, should the payment method be used only for imported transactions?