Expense Report

This video explains the Expense Report, which is a collection of individual expenses bundled together for a single approval and payment.

• Bundling Expenses: The video explains that instead of approving 10 small expenses separately, employees should group them into one weekly or monthly “Expense Report.”
• The Manager Approval: The video shows the manager’s view, where they can review the entire report, check the receipts, and click “Approve” or “Refuse.”
• Post Journal Entries: Once approved, the narrator demonstrates how the accounting department clicks “Post Journal Entries” to record the liability in the books.
• Registering Payment: The final step shown is clicking “Register Payment,” which creates the bank transaction to actually reimburse the employee.
• Batch Processing: The video concludes by showing how multiple expense reports can be processed and paid in a single batch to save time for the accounting team.