Controlling expenses is very important in any company. It would be easy for you to go beyond spending limits if you don’t follow certain regulations. There are two methods to choose from while reporting expenses: fixed per diem or actual expenses. Business travelers can submit receipts to report the incurred cost of the expense. Let’s […]
Fixed Per Diem & Actual Expenses: What to Consider? Read More »
Getting quick approvals for the expenses submitted is important to speed up the reimbursement process. Hence, while choosing online expense report software, you need to evaluate how the system works in terms of expense submission and approval. In fact, you have to pay attention to what features the solution offers, such as: Mobile app Employees
Streamlining the Submission and Expense Approval Process Read More »
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
Best Strategies to Improve your T & E Management Process Read More »
Business expenses matter greatly, right? Business owners realize this and agonize over every penny being spent. However, as the business grows in size, you will no longer be able to watch every dollar. The following are a few tips that help your company control costs as your business expands: Purchase consolidation & price negotiation Validating
5 Easy Ways to Cut Business Expenses Read More »
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 »
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 »
While most businesses switch to digitized and automated solutions, a number of myths and misconceptions exist with the expense management solution. It’s been a long while when businesses use paper and spreadsheets to manage their business expenses. Here we talk about the myths and misconceptions of online expense software and take you to the bottom
Common Expense Software Misconceptions that are Not Always True Read More »
The usage of mobile device to book travel is on rise, which means it is getting more difficult for finance managers to ensure compliance and manage spending. With digital disruption taking giant leaps, it has become very important for financial managers to implement T&E solutions that simplify processes and gain access to actionable data. Embracing
How Digital Disruption is Changing the Face of T&E Solutions Read More »
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 »
When it comes to expense reporting, there would not be much information about certain expenditure items such as cab ride and the total distance traveled. The only way to verify such kind of purchases is to match the reported expenses with receipts. This sort of verification works well for the purchase of gas but what
Track your Employees with Expense Report Software Read More »
