General Ledger Accounts for Expense Report Posting
Debits and Credits are applied to the general ledger when you post expense reports that are entered in Time & Expense.
The following general ledger accounts are debited and credited when you post an expense report:
| Type of Expense Entered on an Expense Report | Debit | Credit |
|---|---|---|
| Expense paid by employee (to be repaid to the employee by the company) | Expense or asset account that is entered on an expense report. | The default credit account that is entered for your company in the Employee Expense Account field in the Expense Credit Distribution section on the Posting tab in . |
| Company-paid expense not paid with a company-issued credit card | Expense or asset account that is entered on an expense report. | The default company-paid override account that is entered for an expense category in the Company Paid Override section on the Expense Categories dialog box in
. To open the dialog box, select a category in the grid on the Expense Report Categories form, and click
Edit.
If no default company-paid override account is entered, then Vision uses the account that is entered for your company in Account field in the Company Paid Default Information section on the Setup tab in . |
| Company-paid expense paid with a company-issued credit card | Expense or asset account that is entered on an expense report. | The company-paid default account that is entered for a secondary credit card in the
Company-Paid Credit Account field on the General tab in
.
If you have multiple companies in Vision and an employee belongs to company that is different from the credit card's company, the company that owns the credit card is credited. |
| Employee-paid expense paid with a company-issued credit card | Expense or asset account that is entered on an expense report. | The default credit account that is entered for your company in the Employee Expense Account field in the Expense Credit Distribution section on the Posting tab in . |