Cash Withdrawal on Credit Card

When you're traveling and using your credit card, you might find it necessary to withdraw cash occasionally. Some places around the world don’t accept credit cards and only take cash payments.

At Acubiz, it's important to know that cash withdrawals made with your credit card are considered personal funds. So, if you withdraw cash and then pay off the credit card transaction with that cash, the amount will be deducted from your salary—but only after you submit it for your manager’s approval.

Settlement for your cash withdrawals:

Let us assume that you withdraw DKK 1,000 on the credit card in Denmark and now owe the company DKK 1,000.

DEBT to the company = DKK 1,000.00

You may now utilize the withdrawn cash and capture images of your receipts using the Acubiz application, as well as make cash expenditures to offset your debt, as previously mentioned.

• 688,00 DKK on Taxi
• 36,00 DKK on a sandwich
• 28,00 DKK on a cop of coffee
• 55,00 DKK on books and newspapers

In total, you have spent DKK 807.00 on the withdrawn money

CREDIT at the company = 807.00 DKK

The overview looks like this:

DEBT = DKK 1,000.00
CREDIT = 807.00 DKK
DIFF: = -193.00 that you owe the company

You now have 193.00 DKK in your pocket, and this amount will be deducted from your next salary (this, of course, depends on the specific setup in relation to the company's rules and methods)