What’s the right payment cycle for my company?

By default, reimbursements are processed daily. This means that your funding source will have a bulk pull once per day, and employees will receive a batched payout once per day. All of these transactions are accounted for via cash accounting.

With certain ERPs, you can customize your payment cycle as per your needs, scheduling them to occur weekly, bi-weekly, or monthly. You can also set custom configurations for your separate entities. Each entity can configure its own payment configuration. When using custom payment cycles, these transactions are accounted for via accrual accounting.

Custom payment cycles can help align reimbursements with your accounting process or corporate reimbursement policy. It is important to note that payment cycles will increase the time for your employees to receive their reimbursements.

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