Expense Claims
Starting Balances
Expense Claims Starting Balances
Expense claims record expenses incurred by people on behalf of the business. These can be of two types:
- Actual expenses paid with personal funds that, in other circumstances, could have been paid directly with company funds and posted to appropriate accounts. Examples include: travel expenses for company business charged to an individual’s credit card, cash purchases of office supplies, or materials bought locally out of pocket on an emergency basis to finish work at a customer’s site.
- Allowances based on rates rather than actual expenditures but deductible from income under local law. Often, allowance rates are officially established. They represent real costs to the business, even though explicit monetary transactions do not occur. Examples include: motor vehicle usage based on distance or daily meal or lodging stipends earned regardless of actual costs.
Click on Settings Expense Claim Payers.
Listing of Expense Claim Payers Appears.
Click Edit next to Name.
Input Screen appears.
Enter the Starting balance and amount.
On your Summary Page click on Expense Claims.
A listing of all your beginning balance expense claims is displayed.
