Difference between revisions of "27. Expense Claims"
From TrueERP wiki
| (One intermediate revision by the same user not shown) | |||
| Line 1: | Line 1: | ||
'''Expense Claims''' | '''Expense Claims''' | ||
| − | ''' | + | '''OVERVIEW''' |
| − | + | The costs, other than the actual claim cost, that are associated with paying a claim. | |
| + | The economic costs that a business incurs through its operations to earn revenue. In order to maximize profits, businesses must attempt to reduce expenses without also cutting into revenues. Because expenses are such an important indicator of a business's operations, there are specific accounting rules on expense recognition. | ||
| + | |||
| + | To enter an Expense Claim: | ||
| + | *'''Main Screen''' | ||
| + | *Select '''Purchases Module''' | ||
| + | *Select '''Expense Claim Request''' | ||
| + | *Enter who the request is being submitted too | ||
| + | *Enter the date | ||
| + | *Enter the '''Description''' | ||
| + | *Date of Claim | ||
| + | *Supplier - if any | ||
| + | *Select an Account - this will bring up your Chart of Accounts Lookup List | ||
| + | *Any description you wish | ||
| + | *Attach a copy of the invoice/bill/baggage claim etc | ||
| + | *Enter Amount including tax | ||
| + | *Tick reimburse if it is for a specific employee | ||
| + | *Add any comments required | ||
| + | *Ref # | ||
| + | *Pay To - if required | ||
| + | *Customer Name | ||
| + | *Due Date | ||
| + | *Enter any comment in the '''Comment Box''' | ||
| + | *Click '''Save''' | ||
''OR'' | ''OR'' | ||
| − | + | *'''Main Screen''' | |
| + | *Select '''Employee Module''' | ||
| + | *Select '''Expense Claim Request''' | ||
| + | *Follow same instructions as above | ||
Latest revision as of 07:05, 3 October 2015
Expense Claims
OVERVIEW
The costs, other than the actual claim cost, that are associated with paying a claim. The economic costs that a business incurs through its operations to earn revenue. In order to maximize profits, businesses must attempt to reduce expenses without also cutting into revenues. Because expenses are such an important indicator of a business's operations, there are specific accounting rules on expense recognition.
To enter an Expense Claim:
- Main Screen
- Select Purchases Module
- Select Expense Claim Request
- Enter who the request is being submitted too
- Enter the date
- Enter the Description
- Date of Claim
- Supplier - if any
- Select an Account - this will bring up your Chart of Accounts Lookup List
- Any description you wish
- Attach a copy of the invoice/bill/baggage claim etc
- Enter Amount including tax
- Tick reimburse if it is for a specific employee
- Add any comments required
- Ref #
- Pay To - if required
- Customer Name
- Due Date
- Enter any comment in the Comment Box
- Click Save
OR
- Main Screen
- Select Employee Module
- Select Expense Claim Request
- Follow same instructions as above
