Expense claims

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Automate the process on expense claim with Greytip Online and save transaction time. For more visit http://www.greytip.in/cloud/expense-claims

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Expense claims

  1. 1. Product Features and Benefits Expense Claims Module
  2. 2. •The economic costs that a business incurs through its operations to earn revenue is known as Expense Claims •It is money spent for business/official purposes and promotional activities that should be paid back to the employee post the expense is incurred •Usually the amount is paid back by the company, based on the actual bills What is Expense Claim
  3. 3. •Reimbursement claims are part of CTC •Claims can be made monthly, quarterly, half yearly and annually based on a company’s policy. •Reimbursement claims are paid for personal claims. •Reimbursement claims are withhold in payroll and are paid only once the bills are submitted. •Ex: Medical Allowance, LTA •Expense claims are paid when the expense is incurred •Claims can be made only when an expense is made •Expense claims are paid for business/ official purpose and promotional activities. •Expense claims are approved only after submission of bills and based on the actual expenses. •Ex: Air fare, Accommodation, Food bills Reimbursement Claims Expense Claims Difference Between Expense and Reimbursement
  4. 4. • Travel expense (Air fare/ train fare / bus fare) • Accommodation ( Hotels, Guest house) • Food (Breakfast /Lunch /Dinner) • Cab/ Auto hire • Local conveyance • Communication Types of Expenses
  5. 5. Actual Expense incurred Claim raised by the employee along with copy of bills/tickets. Claim reviewed by the reviewer. Approved/rejected/ put on hold and remarks updated. If approved, money gets credited to Employee’s a/c. Process of Expense Claim
  6. 6. Adding Claim Items All options related to claims are available under Employee > Claims Claim categories can be created under Claim Items
  7. 7. Claim templates can be configured Workflows, entitlements and applicability can be defined The claim can be associated with a project or advance payment Claim Templates
  8. 8. Claim can be based on Quantity , Amount or Forex Claim Templates Items Configure multiple expense heads, define limits and rules for claiming expenses
  9. 9. Claims are normally processed in batches . This feature helps in creating the batches for processing Claims Trip based expense claim or Advanced payments appears in group batch Claim Batch Create batch for processing claims
  10. 10. This helps in deciding the workflow Select the claim template and add the review workflow Claim Reviewer
  11. 11. The employee has the option to review and track claims Employee Login
  12. 12. Employee Login On the employee portal, employee can add new claims or withdraw previous claims
  13. 13. www.greytip.com @greytip /greytip /company/greytip-software-pvt.- ltd Mail us at : services@greytip.com # - +91-80-40225900

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