Fuss-free employee reimbursements claims management
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Employee reimbursements at your fingertips
Easy for everyone
One-click reimbursement
Categorised correctly
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Reimbursement claim made easy for everyone
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One-click employee reimbursement
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Categorise business expenses the right way
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Integrated with your accounting software
FAQs about reimbursement claims
What does a reimbursement refer to?
Reimbursement is the compensation paid by a corporation to it's employee when an employee makes an out-of-pocket payment for the benefit of the corporation.
![cross](https://cdn.prod.website-files.com/5ed5b60be1889f546024ada0/5eda222b4bc6a54f0a0f14c7_faq%20toggle.webp)
Is reimbursement same as refund?
No. Reimbursement is the settlement of out-of-pocket expenses incurred by an employee whereas a refund is when a corporation pays back the customer for goods or services purchased earlier from the said corporation.
![cross](https://cdn.prod.website-files.com/5ed5b60be1889f546024ada0/5eda222b4bc6a54f0a0f14c7_faq%20toggle.webp)
What is an example of a reimbursement?
Here's an example of reimbursement: Let's say an employee purchased flight tickets for a business trip using their own personal card since the corporate card was not available. He then submits a reimbursement claim, for this amount, to the comapny, given that he spent the money for business purposes. The company, subsquently reviews and approves this claim, and pays back the flight ticket cost to the employee. The money is thus reimbursed to the employee.
![cross](https://cdn.prod.website-files.com/5ed5b60be1889f546024ada0/5eda222b4bc6a54f0a0f14c7_faq%20toggle.webp)
Is reimbursement a compensation?
Reimbursement is when out-of-pocket expenses are paid back to employees, whereas compensation is when employees are paid for their time or effort.
![cross](https://cdn.prod.website-files.com/5ed5b60be1889f546024ada0/5eda222b4bc6a54f0a0f14c7_faq%20toggle.webp)
Read more about reimbursements
All-in-one finance OS for your business
Empower your business finance with powerful features
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