A billing statement outlines the financial interactions between a customer and a company for a given time frame. It lists all transactions, including purchases, payments, fees, and interest accrued during that period. Knowing how to read a billing statement is...
A petty cash fund is a small reserve of company money, used to cover minor or incidental expenses like office supplies or employee reimbursements. This fund is subject to regular reconciliations, and its transactions are recorded in the financial statements. In larger...
Expense reimbursement is a common financial procedure that every company must manage, yet it often feels burdensome. Employees find it tedious, especially after returning from business trips, as they dislike filling out forms. The finance team dedicates significant...
In case you’re an employer with a very busy schedule, chances are you might often need to rely on your employees for handling tasks using their personal vehicles. It is at this juncture, wherein mileage reimbursement can be a smart move. If you have a large team...
Ever wondered how businesses keep their finances in check? The answer lies in two words: expense reconciliation. It’s the process that ensures every dollar is tracked, anomalies are spotted, and financial integrity is maintained. In this guide, we’ll explain what...
