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.
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.
In this post, 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.
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.
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.
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.
Corporate cards are indispensable when running a business — but so is keeping tabs on those business expenses. That's where credit card reconciliation comes in. Reconciling credit cards isn’t just about balancing numbers; it’s about unlocking insights into your spending and keeping your financials spotless.
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.
