Expense category
Categorize and manage your transactions effectively with the right payment reason.
Including the ’Payment reason’ ensures compliance with financial regulations, supports accurate reporting, prevents fraud, and enhances budget management and accountability. To abide by the travel rules and financial reporting requirements, we require knowing the reason for a sender making a withdrawal. When submitting a payment request, the ‘Payment Category’ field should be included with one of the following options:
- Consulting fees
- Equipment Purchase
- Event expenses
- Insurance Premiums
- Invoice Payments
- Legal Fees
- Maintenance & Repairs
- Marketing & Advertising
- Miscellaneous Expenses
- Office supplies
- Payrolll
- Project funding
- Refunds
- Rent
- Shipping Service
- Subscription Service
- Supplier Payment
- Tax Payment
- Training & Development
- Travel Expenses
- Utility Bills
- Vendor Payment
Updated 3 months ago