Expense Report Required Receipt List

 In our earlier blogs we have provided information to setup a limit for expense receipts. This limit should be $75 or less in the US and it is set by the Internal Revenue Service.

Web2Expense allows to setup different receipt limits for different projects by assigning different expense policies to different projects. However, you should check with your CPA the tax implications of such a configuration before you implement such an advanced business process.

When employees adds an expense item to an expense report the system checks this item against the expense policy and adds this item to “Required Receipt Report” queue if the item is above the limit specified in the policy document. Following screen shot depicts the “Required Receipt Report” link.

Web2Expense – Required Receipt Report Link

 

The report displays only those expense items higher than the limit set in the expense policy document. In this expense report CPK item $100.00 and Mc Donald’s item is $20.00. Therefore, “Required Receipt Limit” report only displays CPK item for $100.00.

Web2Expense – Required Receipt Report

To learn more visit Web2Expense.com or watch the following videos:

• ACME MEDICAL Expense Report Business Scenario
• ACME MEDICAL Expense Report Implementation Part 1
• ACME MEDICAL Expense Report Implementation Part 2
• Expense Approval – Employee Perspective