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. With the right approach, you can create a plan that’s both effective and easy to manage. This blog will show you how.
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.
In this post, we’ve compiled over 40 business travel and tourism statistics, covering topics such as the average business trip cost and the rise of “bleisure.” Let's dive in and see how they can impact your next business trip.
Whether you're a small business owner or managing a finance team, our handy guide demystifies credit card reconciliation. We’ll ensure you're well-equipped to tackle this task with confidence and ease.
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.
When diving into the world of business finance and operational efficiency, two terms often emerge front and center: expense management and spend management. In this post, we’ll learn how they each play unique roles in shaping a company's financial strategy.
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.
Discover the future of expense management with Expensify's latest innovation – unlimited virtual corporate cards. Exercise precise control over spending with fixed or monthly limits, personalized card names, and easy employee assignments.
Like planting a tree, the best time to start expense tracking was last year – and the second best time is right now! Learn how New Expensify makes it super easy (and free) for you to scan receipts, record expenses, and log mileage so you can maximize your deductions when tax time rolls around.
In this post, we’ll explore how small businesses can benefit significantly from outsourcing their accounting functions, focusing on why the beginning of 2024 is an opportune time to start this journey.
