When adding a transaction to your SupportPay account, you can categorize it as one of three types of expenses: Reimbursement, Support, or Bill.
A Reimbursement Expense pertains to an expense that has already been paid to a merchant or third party, with a family member subsequently requesting reimbursement for some or all of the amount. For instance, if an individual purchases groceries and seeks reimbursement from other family members.
A Support Expense refers to a payment sent from one person to another to provide direct financial assistance for the benefit of another individual. This type of expense does not involve a merchant or third party. Examples of Support Expenses include Child Support, Alimony, Elderly Support, and similar forms of direct financial aid.
A Bill Expense involves an expense associated with a third party or merchant, where each person's share is directly sent or paid to that merchant or third party. Examples of Bill Expenses encompass payments to childcare providers or senior living facilities, where payments are directly remitted to the respective merchant.
If you have any inquiries, please feel free to contact us at help@supportpay.com, and we'll gladly assist you further.
Comments
0 comments
Please sign in to leave a comment.