Setting a Payout Schedule for Reimbursable Expenses
If your team processes reimbursable expenses through Emburse Spend, you can set the schedule for when payments are debited from your company’s bank account and sent via ACH to your employees.
The quickest way for your employees to be reimbursed is to use the default nightly payout schedule. However, if you would like for payouts to be weekly, semi-monthly, or monthly, you may adjust the schedule on the Reimbursements screen.
Default Payout Schedule – Nightly
The default payout schedule on all Emburse Spend accounts is nightly. Every time a final-approval admin from your company approves expenses, all the expenses approved prior to 5pm ET that day will be debited from your company’s bank account in a single debit and subsequently transferred to your employees via ACH within 4 to 6 business days.
Alternative Payout Schedules – Weekly, Semi-Monthly, Monthly
If your team would like a payout schedule other than the default nightly payout, go to Company Settings > Reimbursements to select the frequency.
All the expenses approved prior to 5pm ET on the days noted in the descriptions below will be debited from your company’s bank account in a single debit and subsequently transferred to your employees via ACH within 4 to 6 business days of the payout day.
Weekly Payouts
If you would like for reimbursements to take place on a weekly basis, the debit from your company’s bank account will take place every Wednesday night. In order to ensure employees’ expenses are included in the batch of reimbursements for any given week, please ensure that your final-approval admin approves all expenses prior to 5pm ET on Wednesday. Employees will receive their payouts via ACH within 4 to 6 business days. Any expenses approved after 5pm ET will be included in the next batch of reimbursements.
Semi-Monthly Payouts
If you would like for reimbursements to take place on a semi-monthly basis, the debit from your company’s bank account will take place on the 1st and 15th of every month. In order to ensure employees’ expenses are included in the batch of reimbursements, please ensure that your final-approval admin approves all expenses prior to 5pm ET on the 1st and 15th of each month. Employees will receive their payouts via ACH within 4 to 6 business days. Any expenses approved after 5pm ET will be included in the next batch of reimbursements.
Monthly Payouts
If you would like for reimbursements to take place on a monthly basis, the debit from your company’s bank account will take place on the 1st of every month. In order to ensure employees’ expenses are included in the batch of reimbursements, please ensure that your final-approval admin approves all expenses prior to 5pm ET on the 1st each month. Employees will receive their payouts via ACH within 4 to 6 business days. Any expenses approved after 5pm ET will be included in the next batch of reimbursements.