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The reimbursement accounting stages typically include: 1) Submission of Expense Reports, where employees provide documentation for expenses incurred; 2) Review and Approval, where managers or finance teams verify the legitimacy and accuracy of the expenses; 3) Processing Payments, where approved expenses are entered into the accounting system and payments are issued; and 4) Record Keeping, which involves documenting the transactions for financial reporting and audit purposes. Each stage ensures proper tracking and management of reimbursements within the organization.

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2mo ago

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