Hi, Where i pay for an item personally i can understand how to input the fact that the expense is incurred and paid by me. How does the system then record that the company now owes me a refund of this money incurred on behalf of the company. Secondly how do i record the payment of such a refund. Thanks

Hi,
Where i pay for an item personally i can understand how to input the fact that the expense is incurred and paid by me. How does the system then record that the company now owes me a refund of this money incurred on behalf of the company. Secondly how do i record the payment of such a refund. Thanks

1 answer

Peter Connor Staff December 6, 2016
Public

Hi M,

  1. When you select yourself or an employee in the payee drop down the system then knows a person has paid for it and applies the accounting logic.
  2. You’re reimbursed via payroll. When you pay yourself you’ll see the expense field is populated.

Thanks p

#answer-4579

Please login or Register to Submit Answer