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Explore insightful articles, tips, and industry-leading finance news. Take a deep dive into what we do best — expense management, financial processes, spend optimization, and much more.

How Expensify achieves extreme concurrency with NUMA balancing

How Expensify achieves extreme concurrency with NUMA balancing

If you've never heard of "NUMA", you aren't alone – it's a bit of an IYKYK topic that very few engineers encounter in their entire careers.  But if you've ever worked on an extremely high core-count server, these four letters will put shivers down your spine. Here’s a deep dive into how Expensify's core hardware works – down to the chip level – with an explanation of how that enables a critical feature of our software to work. We hope you'll find it useful as you architect your own NUMA-balanced applications on your own high-density servers!

Streamline your travel expense reporting: Examples and tips

Streamline your travel expense reporting: Examples and tips

Managing business travel expenses can be a complex task for organizations of any size. A robust travel and expense management system is crucial for maintaining accurate financial records, ensuring compliance, and streamlining reimbursement processes. Whether you're building your first small business expense report or part of a larger organization seeking to optimize existing processes, understanding the fundamentals of travel expense reports is essential for financial success. In this blog post, we’ll dissect what a travel expense report is, how to streamline the process, and what that practice looks like in the real world.

What does per diem mean? How to create a per diem expense policy

What does per diem mean? How to create a per diem expense policy

One way companies often use to streamline travel expenses is the “per diem system,” which offers employees a predetermined daily allowance for expenses incurred while traveling. Understanding how per diem works and establishing a clear policy can help businesses control costs while providing their employees with flexibility.  In this article, we’ll explore what per diem means, compare it with other expense reimbursement methods, and guide you through creating a comprehensive per diem travel expense policy tailored to your organization’s needs.

Strategies to prevent expense fraud

Strategies to prevent expense fraud

Managing business expenses and employee reimbursements is a tedious task and therefore easy to overlook what may be a clear red flag. Obviously, as a business owner, you need to take action to combat and prevent expense fraud. But, how? With expense fraud expected to reach over $16 billion by 2027, now is the best time to establish strategies to protect your organization from expense fraud. In this article, we’ll look at different types of expense fraud, understand how to detect it, and give tips to help your organization take strides toward preventing it.

Does a company credit card affect your personal credit score? Find out.

Does a company credit card affect your personal credit score? Find out.

As businesses grow, efficiently managing expenses isn’t just important; it’s crucial. One common tool used by companies for this purpose is the business credit card, designed to help streamline and separate business-related spending from personal finances. However, a frequent question pops up when it comes to business credit cards: Do business credit cards affect personal credit? The answer isn’t always straightforward. While some business credit cards may affect personal credit, others may have little to no influence. This guide explores how different types of business credit cards function, the factors influencing their impact on personal credit, and ways to mitigate potential risks.

The best way to achieve long-term financial goals for your small business

The best way to achieve long-term financial goals for your small business

Running a small business comes with its own unique set of financial challenges, and achieving long-term success requires more than just handling short-term needs. To ensure sustained growth, you need a comprehensive strategy for setting financial goals that not only address day-to-day operations but also paves the way for future growth. The good news is that crafting this strategy doesn’t have to be difficult or overly complicated. With the right approach, you can create a plan that’s both effective and easy to manage. This blog will show you how.

Can I write off business expenses on my personal taxes?

Can I write off business expenses on my personal taxes?

Tax season can be a tricky time for self-employed individuals, freelancers, and small business owners. The concept of tax deductions is particularly enticing when you think about reducing the amount you owe to the IRS. But what expenses can you actually write off? If you're asking yourself whether you can deduct business expenses on your personal taxes, you're not alone. In this blog post, we’ll break down the tax implications of business versus personal expenses, explore common deductions, explain how to report your expenses, and highlight the benefits of accurate record-keeping.

40+ business travel statistics for 2024

40+ business travel statistics for 2024

Whether you're a seasoned business traveler or preparing for your maiden corporate voyage, staying up-to-date with key business travel data is crucial. Making informed decisions based on relevant stats can save you not just time and money but also the occasional travel-induced headache. To help you stay informed, we’ve compiled over 40 business travel and tourism statistics for 2024, covering topics such as the average business trip cost and the rise of “bleisure.”

To help you stay in the loop, we’ve compiled over 40 business travel statistics, ranging from the average business trip cost to the rise of “bleisure.” Let's dive in and see how they can impact your next business trip.

The best expense tracking app for independent contractors

The best expense tracking app for independent contractors

A 1099 expense tracker app is a solution designed to streamline your financial management. In this blog post, we’ll explore the best expense tracking app for independent contractors, helping you stay organized and focused on what you do best: delivering exceptional work.

Indirect spend vs. direct spend in your company expenses

Indirect spend vs. direct spend in your company expenses

Knowing the nuances of spending categories is crucial for maintaining financial health and optimizing your budget. In this blog post, we’ll explore the differences between direct spend vs indirect spend and how understanding these different expense types can help businesses better navigate their financial landscape and maintain a healthy bottom line.

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