Generic Terms in Pleo

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

Terms	Definitions
Pleo Account	Represents an account of a company or an organisation with Pleo; it contains a specific fund in a specific currency that customers might use for payment of invoices, payment to vendors, and reimbursements. Funds can be added, converted, or withdrawn from the Pleo account. We support multi-currency configuration — customers can have multiple accounts with Pleo in six different currencies.
Card Payments	Payments are made with the Pleo card, using funds from the Pleo wallet. This is at the company/organisation level.
Contra Accounts	Accounts in the ERP/accounting system corresponding to the Pleo accounts. Out of Pocket expenses and Reimbursements indicate the amount in a Pleo account 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 in 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 in the chart of accounts 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).