Payment Type Clarity

[dchesley]

Hello, 

@KevinD 

Just looking for some help with these payment types. If the payment type listed for an expense is AMEX IBCP, that would meant that when the report is submitted and has payment confirmed, those funds go directly to AMEX correct? However, if it is listed as personal credit card, does that necessarily mean that the FA paid for this out of pocket or does that mean they paid for it with the AMEX card, but the reimbursement went straight to the FAs personal bank? AMEX is saying they're behind on payments and I'm just trying to figure out where this money is

[grodriguezproje]

Hi @dchesley 

One thing is the set up for a payment type:

And another different thing is how you pay your credit card bank statements. The Payment type is coming from an automatic feed, but the payment is done separately. Could be that your company is also using Expense pay to manage the credit card payments.

[KevinD]

@dchesley If the payment type is IBCP, then payment goes to AMEX. If payment type is listed as personal card, the employee should receive the funds into their bank account as they didn't use a company provided card to pay for the expense, therefore it is out of their pocket.