ACH for Multile Employee Reports
When reimbursing multiple reports does the ACH from the withdrawal account come out as a single amount or as individual amounts for each report being reimbursed. How is the ACH withdrawal labeled in the Withdrawal Account (i.e. Expensify or John Doe)? To allow for a positive pay attribution from the withdrawal account.
Best Answer
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Sheena Trepanier Expensify Team, Approved! Accountant, Expensify Student Ambassador Posts: 1,362 Expensify TeamHi @RGOCPA, great question!
Each report reimbursement will post to the withdrawal account as a single line. The format used is below:
[Employee Bank Account Name] [Report ID]
The bank account name should match what the report submitter named their deposit account in Expensify, and the report ID will match the report that was reimbursed.
Pro tip: You can quickly jump to the report in Expensify by pressing shift+G from anywhere in your account and entering the report ID.
Cheers!
Answers
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So if I instruct everyone to name their account [Employee Last Name Expense Reimb] I could use that as the positive pay identifier in our withdrawal account. Yes?
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Sheena Trepanier Expensify Team, Approved! Accountant, Expensify Student Ambassador Posts: 1,362 Expensify Team
That is correct!
