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An accounting entry is a record that provides details of a transaction, representing a single event that has either occurred or is scheduled to occur. A few examples of accounting entries recorded in Pleo:
  • Employees of a company paying with their Pleo card.
  • Employees receiving reimbursement from the Pleo wallets for an expense incurred.
  • An amount charged to the company for Pleo’s monthly Software as a Service (SaaS) fees.
  • A cashback amount debited to the company account from Pleo.
Accounting entries are central to the Pleo platform.

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Tax

Tax is a critical part of any accounting entry, as it directly affects how transactions are recorded and reported. Tax calculation depends on the tax code rate and type, determined as follows:
  • If taxCodeId is set, the rate and type are taken from the TaxCode.
  • If accountId is set, the rate and type are taken from the account’s TaxCode.
  • If the tax code type is NORMAL, grossBillValue is the amount before tax and netBillValue is the amount including tax.
  • If the tax code type is REVERSE, grossBillValue is the amount including tax and netBillValue is the amount excluding tax.
  • If the accounting entry is of the family MILEAGE, tax is calculated differently based on geographic location:
    • By default, no TaxCode is selected and the government statutory rule applies.
    • This is overridden when a TaxCode is set.
    • In some countries where commodity prices are government-advised, the tax reflects the advisory amount when no TaxCode is set.