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Business Expenses Spreadsheet Template Sample Excel Accounting Best Using Microsoft Of Expense

business expenses spreadsheet template sample excel accounting best using microsoft of expense monthly budget costs

Topic : Business expenses spreadsheet template uk.

Category : Expense.

Author : Imogen Wortman.

Published : Wed, Aug 29 2018 :11 AM.

Format : jpg/jpeg.

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Getting all your expenses on a credit or debit card is an important first step in tracking and efficiently managing all your business expenses in preparation for the next tax season. However, an accounting software will take this expense control to the next level.

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Getting all your expenses on a credit or debit card is an important first step in tracking and efficiently managing all your business expenses in preparation for the next tax season. However, an accounting software will take this expense control to the next level.

You can integrate electronic forms and receipts into a convenient online workflow that allows employees to fill in expense reports, attach electronic receipts, and then submit them online so that the proper approving authorities are automatically notified that their input is needed. When approving authorities OK an expense report, they can then submit it to accounts payable, who can be automatically notified and begin the reimbursement process. If there’s a problem with an expense report, the employee can be alerted that more information is needed.

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Paper expense report forms can be illegible, easily lost, and prone to errors. Making expense report forms electronic, and allowing JPEG photos of receipts or electronic receipts can address these issues effectively. If an employee can’t get an electronic receipt, he can snap a photo of a receipt with his phone and use that with the electronic expense report. This way, you avoid lost or coffee-stained forms, illegible handwriting, and smudged ink on receipts.

You can then provide employees with a credit or debit card to pay for their business-related expenses. Just don’t forget to review regular reports on their spending habits. This way you will be able to catch any abuses or tendencies towards grandiose spending before it is too late.

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