After Part-1 of expense management configuration, in this blog we will be processing a expense report which needs to be reimbursed to employee.
Expense accounting entries are:
- On approval of expense line or report:
Debit category expense (needs to be picked from expense category master)
Credit Employee vendor account
Debit Employee vendor account
Let’s start the process:
Step-1: Create Expense report
Step-2: Add expense lines and details
Step-3: Attach receipt and itemization details against expense line
Step-4: Submit report for approval
Step-5: review and approve expense report
Step-6: View approved expense accounting transactions and status
Step-7: Process and view payment status
Thats it for this blog, in next part, I will be talking more specific about different components of expense report e.g., expense category policy.
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