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In past years, the annual audit was performed by a CPA who was an income tax practitioner. Sherry properly reviewed and approved employeeexpensereimbursements and paid them timely and accurately through payroll. Then Sherry took several of those same receipts as support for her own expense report.
You probably didn’t realize that there are actual pros and cons to expensereimbursement 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.
.” Spend supports automated expense tracking for streamlined expense reports and reimbursements, as well as for tax filing purposes, the company said. Receipt data can be automatically matched to expenses, along with other features.
WeChat , an online messaging service operated by Chinese technology conglomerate Tencent, is looking to enhance its ability to facilitate employeeexpensereimbursements, and reports said the firm is exploring blockchain as part of the effort. CoinDesk reported Friday (Aug.
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