Spreadsheets are versatile enough to manage almost all types of information, but they may not scale up when processing large volumes of complex data, which can prove to be quite a challenge to your bookkeeper. Manually processing travel and entertainment (T&E) expenses can be both effort- and time-intensive, not to mention the possibilities of typographical errors, delays in processing and clearing claims and, mostly importantly, the need for employees to preserve and present paper receipts. This is especially difficult when a firm relies on remote accounting services or bookkeeping services to connect all the dots.
When you create a travel policy, your first goal is to reduce risks through standardization and clarity. A close.
Employees are more mobile than ever, but how do you determine what is and isn't an acceptable, reimbursable business.
Proper financial accounting management is critical to any successful small to mid-size business, but this function.