Whether your company has employees that frequently travel across the globe for business or occasionally take a client out for a dinner meeting, your business incurs expenses that need to be tracked. Every business needs a system for tracking business expenses that can easily organize record keeping, taxes, and employee reimbursements.
With the Emburse expense management system, businesses can easily document, organize and automate spending. With prepaid debit cards and virtual cards, expenses are automatically tracked, assigned to specific cardholders and labeled to their proper budget categorization.
Here are a few ways that we can help simplify tracking business expenses:
Documentation For Tracking Business Expenses:
Our expense management platform automates the collection of receipts and monitors spending in real-time, 24/7. Lost receipts are a hassle to track down and missed expenses can impact the accuracy of your annual budgeting. With our simple receipt capture and budget category assignment, business managers have better oversight of employee spending.
Organization of Business Expenses:
As purchases are made and documented, they can be assigned to various expense categories for simple organization. Spending limits can be enforced, expense policies assigned and purchases reports can be exported to Quickbooks. Some categories that can be used for tracking business expenses are:
- Office Supplies
- Contractor Expenses
Tracking Business Expenses Automated:
Budgets can easily be allocated for recurring expenses with either shared or virtual prepaid cards. Shared cards are a great option for recurring expenses such as software subscriptions or advertising costs and virtual cards are a simple way to enforce monthly spend limits for items like meals.
If your business is ready for a corporate budgeting solution that will make tracking business expenses simple, contact us today. We would be happy to arrange a demo so that you can see how the Emburse system can best work for you.