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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.

November 18, 2024

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.

November 17, 2024

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.

October 23, 2024

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.

September 30, 2024

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.

September 10, 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.

July 23, 2024

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.

July 08, 2024

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.

July 02, 2024

Expense management vs. spend management

When diving into the world of business finance and operational efficiency, two terms often emerge front and center: expense management and spend management. Though they might sound similar, and are sometimes used interchangeably, they each play unique roles in shaping a company's financial strategy.

June 27, 2024

Opportunity cost formula + how to calculate it for your business

Opportunity cost helps in making informed decisions that can maximize profit and efficiency. In this blog post, we will break down the opportunity cost formula, explain its components, and provide practical examples of its application in business.

June 17, 2024

Scaling Onyx (a postmortem)

Though it seems to be firmly behind us, I wanted to quickly take a moment to apologize for some performance and reliability issues we had a couple weeks back. We understand how critical our service is to your daily operations, and we're deeply sorry for any inconvenience this may have caused. In the spirit of transparency, here are comprehensive details on what happened, how it was fixed, and how we will ensure better reliability going forward.

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