The expense reimbursement process allows employers to pay back employees who have spent their own money on business-related expenses. When employees receive an expense reimbursement, typically they would not report such payments as wages or income. These types of reimbursable expenses occur when employees travel for work. But can come from other activities related to their employment; for example, certain purchases of work-related supplies or tools.
The Expense Categories feature allows you to create a list of expense categories you can allocate against your employees. The feature also allows you to disable an expense category if it is no longer in use, edit the data if it needs updating, and delete a record if it is no longer required.
The below premise will walk you through how to create a new expense category and how you can assign it the correct tax rate.
You can edit both the name and the tax rate of each expense category as well as individually enable or disable them as and when required.
Disabling an expense category will remove it from the list of expense categories an employee can select from when creating an expense claim. It will not remove it from historical claims.
So you have now managed your other tasks and you are now wondering, what next can I do. There are two recommendations I would make on this front and they are:
- HR platform: Goals (OKRs) This feature shows you how you can use the Objective, Key Results (OKR) framework to help align and connect all your employees to your company goals.
- HR platform: Company Values This feature allows you to view the details of each of your organisation's chosen company values, enabling you to see the what your leadership team feels embody the vision and purpose of your business.
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