How to track your Reimbursable Expenses with Minute 7?

Expense tracking is much easier with Minute 7 as it allows users to track both reimbursable, and credit card expenses.

Reimbursable Expenses:

As the name implies, reimbursable expenses are those expenses which are going to be reimbursed to the employee or vendor. This workflow will generate a bill in QuickBooks after syncing the expense from Minute 7 to QuickBooks.

Example

A vendor purchased $500 in office supplies for your company with his own money, and now you want your company to reimburse the $500 to the vendor, they would have to enter a reimbursable expense entry in Minute7 and (if applicable) attach a receipt in Minute 7 to get paid as shown below:The reimbursable expense entry will then be approved by the manager and synced to QuickBooks, where it will have the type “Bill” and status “Open” as shown in the screenshot below:

Difference Between Credit Card and Reimbursible Expense Entries:

You can see the difference in QuickBooks Desktop by noticing the different status and type of two expense entries when synced with QuickBooks below: