Setting up Payment Methods (credit cards)

The Payment Methods module is relevant for your company if you use corporate credit cards. It allows you to match expenses paid with a credit card to the corresponding transactions on your credit card statement. This way, Declaree helps you verify whether all receipts for corporate card expenses have been uploaded correctly.

Matching expenses

Declaree offers two ways to match expenses with your credit card transactions:

1. Import of digital credit card statements - Manual PDF Upload

2. Data Feed

Setting up a credit card payment method

Before you can match expenses, you’ll need to configure the credit card in Declaree:

1. Go to Settings → Payment Methods.

2. Click Add to create a new payment method.

3. Fill in the following fields:

   • Name: Include the last 4 digits of the card (e.g. Mastercard 1381).

   • Cardholder Name: Use the exact name as shown on the credit card or statement.

   • Assignee: Assign the card to the relevant user.

Info: If needed by your Accounting or Payroll department, you can add a code or creditor to the credit card. This will appear in the data export and allows accounting to distinguish between reimbursable and non-reimbursable expenses.

It’s essential to include the last four digits of the credit card number in the name of the payment method (e.g. Mastercard 1381), to enter the cardholder’s name exactly as it appears on the credit card or statement, and to ensure the payment method is assigned to the correct user (Assignee).

Using payment methods with expenses

• For manual PDF uploads, users can add the receipt and select the payment method beforehand. Once the PDF statement is uploaded, these prefilled expenses can be easily matched with the transactions on the statement.

• With a data feed, expenses are created automatically and the payment method is pre-filled.

If an expense wasn’t paid by credit card, select –none– as the payment method. Declaree doesn’t differentiate between cash and debit card payments, as these are usually reimbursable.

When users open their report in Declaree, they can immediately see whether an expense is reimbursable or non-reimbursable. Expenses paid with a corporate card are grouped under the card name (e.g. Mastercard 1381), while personal expenses appear in a separate section.