Setting Up Business Purposes

To define business purposes, use the Business Purpose (EX_PURPOSE.GBL) component.

Page Name

Definition Name

Usage

Business Purpose Page

EX_PURPOSE

Define business purposes that justify a business expense as a corporate tax deduction.

With PeopleSoft Expenses, you can create business purposes that justify business expenses. For consistency in reporting and analysis, you can also use business purposes to sort and total expenses, which lets you see how much your company spends on meetings, trade shows, customer visits, and other items.

Use the Business Purpose page (EX_PURPOSE) to define business purposes that justify a business expense as a corporate tax deduction.

Navigation:

  • Set Up Financials/Supply Chain > Product Related > Expenses > Purchase > Define Business Purpose

  • Travel and Expenses > Travel and Exp Admin Center > Define Expense System > Additional Required Data > Business Purpose

This example illustrates the fields and controls on the Business Purpose page. You can find definitions for the fields and controls later on this page.

 Business Purpose page

Field or Control

Description

Business Purpose

Assign this unique identifier for the type of business expense that you want to track. Because the business purpose is effective-dated, you can create more than one set of descriptions to use at predetermined times.