Using GoCo's newest expense management application and want to learn how it impacts payroll? Keep reading to learn more.
By combining GoCo's cutting-edge Expense Management tool with our seamless integration of Gusto-embedded payroll, you can streamline your financial processes like never before.
With this powerful combination, you'll experience a seamless flow of data from expense requests to payroll runs.
Here's how it works: Once an expense request is approved through GoCo's Expense Management tool, there's no need for manual input or double handling. The approved expense will automatically be included in the upcoming payroll run, eliminating any chance of oversight or error.
Note: Since Expense Management only tracks reimbursements, this will not be taxed in payroll
In the event an employee submits multiple reimbursements, during the upcoming pay run, all reimbursements will be consolidated into a single reimbursement line item.
This integration saves you time, reduces administrative burden, and ensures accuracy in your payroll. You can trust that every approved expense will be accounted for and included in your employees' upcoming paychecks.
Unlock the power of GoCo's Expense Management App and Gusto-embedded payroll integration today, and experience a new level of efficiency and accuracy in managing your expenses and payroll.
What if I don't have Gusto Embedded payroll?
Don't worry, even if you don't have Gusto Embedded payroll, you can access pre-made reports and export your expense information to share with external parties.
When logged into GoCo, navigate to the Reports app from the left side menu. 
On this page, you will find Reports that are categorized into two sections: Standard Reports and Custom Reports. Within the Standard Reports section, there is a dedicated Payroll section. Expanding this section will unveil the two pre-made reports that GoCo has specifically created for you.
These pre-made reports are designed to provide you with valuable insights and information related to your expense reimbursements. The first report is Expense Reimbursement Requests which will provide a line item for each expense request including all of the details.
- For instance, if a single request includes five different expenses, we will display a consolidated line item with a breakdown of each expense item below. This breakdown will include the totals for each expense, as well as details such as the merchant name, amount, date, category, and more.
The second report is the Expense Reimbursement Totals which provides a roll-up of reimbursements for the date range selected.
Both of these reports can be easily generated and exported in .xls format, making it convenient for you to share the information with other stakeholders or external parties.
Take advantage of these powerful reporting capabilities within GoCo and gain valuable insights into your payroll activities. Whether you have Gusto Embedded payroll or not, GoCo provides you with the tools and resources you need to effectively manage your expenses and ensure accuracy in your payroll processes.
Happy Reporting! 💚
Updated 4.16.2024