Generic Terms in Pleo

This topic lists a few common terms frequently used in Pleo:

Terms	Definitions
Pleo Wallet	Represents an account of a company or an organisation with Pleo; this is like a bank account containing a specific fund that customers might use for payment of invoices and reimbursements. Funds can be added or withdrawn from the Pleo wallet.
Card Payments	Payments are made with the Pleo card, using funds from the Pleo wallet. This is at the company/organisation level.
Contra Accounts	Implies the accounts that represent the Pleo wallet. Out of Pocket expenses and Reimbursements indicate the amount in the Pleo wallet that a company/organisation owes to its employees.
Cash Withdrawals	Employees of a company or an organisation might withdraw cash with their Pleo card. This is recorded as an employee's liability to the company.
Account	An account represents a type of account in the chart of accounts; the chart of accounts is the customer's index of all financial accounts maintained in an ERP/accounting system. Hence, an account is the source or the destination of money — it could be a real physical entity (like a bank account) or a virtual account (like a pocket account).