When creating an expense report, one of the fields you’re required to fill out is your expense’s Payment method. The payment method lets your company know how you paid for the expense, so that the reimbursement is in line with the payment method.

In Perk, there are two different payment methods:

• Paid privately: an expense that has been paid privately is a purchase done with your private account (i.e. your personal bank account or personal credit card). The expense amount, once verified by your company’s financial reviewers, is reimbursed to your private bank account.
• Company card: an expense that has been paid with company card is a purchase done with a specified Company card (i.e. in most cases a card connected to your company’s financial accounts). There are two cases of company card expenses:
  • Corporate expenses: Corporate expenses are purchases made for business purposes. The expense amount, once matched with the corresponding card transaction and verified by your company’s financial reviewers, will be topped up on your company card.
  • Private expenses: Private expenses are purchases made for personal purposes. If you incurred a private expense on a company card, instead of creating an expense report, navigate to Spend > Expenses > Card transactions, click on the transaction corresponding to your expense, and select Mark as private expense. This expense is charged to you in line with your company policy.

Tip: Learn how to submit an expense paid with a company card and about the expense and transaction matching process.