If you don’t set a manager for approval, the request will go straight to your admin.Īpprove a reimbursement in 2 clicks or less from your Expenses tab. You will be able to do this for card requests, user limit requests, and reimbursements. You can now elect for managers to approve reimbursements before they go to the final approver. To verify a new external bank account, click Manage settings on the Requests page. Note: This needs to be a US-based bank account. If you’re unable to connect your external bank account through your dashboard, you won’t be able to use it for reimbursements. You can choose to either link your Brex Cash account or your external bank account that has already been linked to your Brex account through Plaid or Finicity. Step 2: Designate which account you want to use to cover reimbursements. Note: The first time you land on this page after reimbursements are enabled, you will be able to set up an account to pay out reimbursements and add hierarchical approvals. Instantly reconcile reimbursements through our QuickBooks Online and NetSuite integrations.Īdmins can set up reimbursements for their company by following the steps below.
Set up managers to approve reimbursements before they come to your finance team. Invite employees to submit reimbursement requests, even if they don't have a Brex card. When employees need to put company expenses on their personal cards, admins can easily reimburse them from the Brex dashboard through our reimbursements feature.Īpprove a reimbursement in 2 clicks or less from your Requests tab, under Expenses. If you’re interested, contact your Brex relationship manager or chat with Brex Support from your dashboard.
You can deduct normal maintenance and repairs to the dwelling, however. Maintenance and repairs: You can't deduct major items like renovation, although they're often depreciable for tax purposes.These fees vary, but often cost about 8% of the monthly rent.
MANAGING OUT OF POCKET CASH EXPENSES IN QUICKBOOKS PRO PROFESSIONAL
Management: You can deduct the cost in the year paid if you hire professional management.Utilities: You can deduct as an operating expense any utilities that you pay, including water, sewer, and trash collection.Insurance: Your annual insurance premium is deductible as an operating expense even though it might also be escrowed and included in your mortgage payments.Marketing and advertising: These are expenses associated with running ads for tenants, as well as for hosting and maintaining a website or blog dedicated to your rental business.
It's recommended you get a detailed analysis of the city's or municipality's budget to estimate future increases in real estate taxes.
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