Creating a company expense policy helps ensure that expenses are handled efficiently within the business, preventing any misuse of company funds. It establishes guidelines for employees on what expenses are allowed and how they should be submitted for reimbursement – this can help to reduce any disagreements or misunderstandings about expenses down the line. In this blog post, we will discuss some tips for creating an expense policy that works for your business.
Are you tired of managing mountains of paper receipts? If so, it may be time to digitize them. There are many benefits to doing so, including reducing clutter, improving organization, and making tax season a breeze. In this blog post, we will discuss the top 13 benefits of digitizing receipts for your small business. Keep reading to learn more.
Petty cash is a great way for small businesses to pay for unexpected expenses without dipping into their main bank account. In this guide, we'll cover everything you need to know about petty cash, from how to set it up to how to record transactions and reconcile your books.
Cash flow is the lifeblood of any business. Without it, businesses can’t pay their bills, make payroll, or invest in growth. That’s why it’s so important to keep the cash flowing. In this blog post, we will discuss some tips for managing your business’ cash flow.
For some small-business owners, company credit cards are convenient for all kinds of reasons: No need to carry cash; no splitting bills; free technical support for sorting out problems; and so on. But the convenience and usefulness come with a price. Company cards can create uncertainty, extra paperwork, and even employee fraud. In this article, we’ll look at the drawbacks of using company credit cards and provide another alternative that may be more ideal for your business.