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Expense Reimbursement vs Company Credit Cards: What Skagit County Business Owners Need to Decide

SkagitCountyTaxServices

You probably didn’t realize that there are actual pros and cons to expense reimbursement for employees, etc. Now, let’s dive into handling business expenses paid by employees. Time Savings On the surface, issuing employees a company credit card may seem to be the better option in terms of saving time.

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Protecting Your Business: What Every Business Owner Needs to Know About Bookkeeper Fraud

Basis 365

The report further highlighted that bookkeeping, accounting, and billing schemes were among the most common types of occupational fraud, accounting for 22% of reported cases. Payroll Fraud: Manipulating payroll records to inflate hours or create fictitious employees.

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Microsoft Debuts Expense Management App

PYMNTS

Reports from MS Power User said Microsoft’s MileIQ unit is rolling out Spend, a business expense tracking solution for Apple mobile devices that automates data entry by linking into users’ bank accounts and cards. The platform also supports photo capture of receipts to include with expense reports.

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The Prepaid Card Carves A Niche In The B2B Payments Ecosystem

PYMNTS

.” Rather than pushing through the back-end burden of filing, reconciling and paying out employee expense reimbursements, prepaid cards can arm professionals with company cash with pre-set restrictions that aren’t always available when an employee is handed over the company credit card.

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The Clearing House’s Strategies To Drive RTP Uptake

PYMNTS

Real-time payments systems should not debit accounts, as the immediacy of such transactions gives no time for corrections, meaning funds could be taken from the wrong users in the wrong amounts. Offering new capabilities is one way for a payment rail to stand out.