Managing travel and expenses (T&E) poses significant challenges across company sizes. A primary concern for companies revolves around the laborious tasks of compiling, processing, and reconciling expenses. Travel and associated costs constitute a substantial...
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...
