Majority of the times there will be errors in expense reports; they may be due to employees reporting in a rush or in ignorance. Most times they report transactions here and there or get the numbers wrong because of receipt loss. In a few cases, employees involve in malicious practices such as intentionally submitting fake […]
Corporate Credit Cards for Combating Expense Fraud Read More »
Cloud is one of the best transformations that businesses experience today. Cloud technology has revolutionized the landscape of the finance industry, including expenses. Around 93% of organizations have switched to cloud technologies due to the following reasons: Saves time & money Cloud is more economical – both in terms of cost and time. The demand
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Travel expense management is crucial in every business; doing it the right way can really enhance the workflow. There are various strategies that can help you manage your T&E processes effectively. Some of them are as follows: Plan reimbursement strategy There are 3 ways companies pay their employees, they are: Per Diem This is the
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Knowing deductable and non-deductable expenses is very important for every business traveler. You should keep a handy checklist of which travel expenses are reimbursable to speed up your reimbursement process. We’ve provided quick information on deductable travel expenses across all categories. Car/Truck Costs incurred for operating and maintaining your car/truck are deductable by the standard
Business Travel Expenses – Deductable & Non-deductable Read More »
Most business travelers are using corporate credit cards for business transactions today. By using credit cards, business travel expenses can be quickly and easily managed. Apart from this, credit cards ensure secure transactions and give credibility to business transactions. Also, the usage of credit cards will ensure T&E policy compliance and takes expense management to
How Credit Card Feeds will Take your Expense Reporting to the Next Level Read More »
A business trip should be exciting and purposeful, but that is not going to be that way as there are rules about how much you should be spending on your business trip. And, at the same time companies expect a good return on the investment, which is why every expense has to be itemized as
Simplifying the Expense Reporting Process with Web-based Expense Reports Read More »
Cutting costs and increasing productivity can be achieved by fully digitizing travel and expense management. Besides making life easy, data gathered from the digitized solution lets organizations take a deep look at how and why employees spend business money. Expense report software is often used as a basic transaction engine; instead it should be used
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Having specific guidelines for reporting travel expenses is the best practice that should be embraced by every organization. Expense report guidelines define the cap on budget or Per Diem expenditures, reporting processes, receipt requirements and rules for non-reimbursable expenses. Budgeting How to budget daily expenses efficiently is where most companies fail. You should count all
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Today, most businesses use credit or debit cards to pay expenses. As credit card offers numerous advantages over other modes of payments, every business is considering the card system for expense transactions. Credit card can be used for all major expenses such as travel and entertainment. However, while reporting expenses manually, some of these purchases
Credit Card Implementation – How does it Benefit Your Business? Read More »
It’s no more surprising that travel has become an integral part of every business. Employees should travel overseas to close major business deals. Due to this, travel and entertainment expenses have increased, thus requiring you to limit the budget required to spend on other activities. Leveraging the information you get from reports helps you figure
T & E Cost Control – What you need to Know Read More »
