Deep Dive: Best practices for reimbursing reports
Christina Dobryzynski
Expensify Success Coach - Admin, Expensify Team, Expensify Student Ambassador Posts: 270 Expensify Team
Before we dive into best practices, it's important to note only a Policy Admin who has added a business bank account to their Expensify account will be able to reimburse employees.
There are three primary options when it comes to Expensify reimbursements.
- Direct reimbursement - Expensify helps create a reimbursement batch payment (ABA) file for external reimbursement
- Indirect reimbursement - Reimbursements are initiated and completed outside of Expensify
- Reimbursement outside of Expensify - Employees are never reimbursed for expenses
Best Practices
- Plan ahead! Consider sharing a business bank account with multiple policy admins so they can reimburse employee reports if you're on vacation. We recommend having at least two policy admins with reimbursement permissions.
- Understand there is a verification process when sharing a business bank account. The new reimburser will need to have access to the business bank account transaction history (or access to someone who has access to it) so they can verify 2 deposits and 1 withdrawal that Expensify will send to verify the account.
- Consider setting up automatic reimbursement. With this configured, reports below a certain threshold (defined by you) will be automatically reimbursed via ACH as soon as they've been Final Approved!
- New Employees: Get in the routine of having every new employee connect a Deposit-Only Bank Account to their Expensify account. This will ensure there is no delay in getting reimbursed.
- 'When will I get paid?': Employees can see the expected date of reimbursement at the top of every Reimbursed report and in the Comments section of a report.
Related Articles:
- How-to: Add an ACH business bank account to reimburse employees (US only)
- How to - Set up Global Reimbursement
- How-to: Add a U.S. personal bank account to receive reimbursements via Expensify
- How-to: Configure your policy for manual reimbursements
- How-to: Add the Australian business bank account to your policy
- How-to: Create a batch payment file for Australian reimbursement
- How-to: Cancel an ACH reimbursement
- Deep Dive: How long will it take for me to receive my reimbursement?
- FAQ: How come I can't trigger ACH reimbursements in bulk?
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