If you’re on the road a lot for business, keeping track of receipts can be fiddly and time consuming. Think: paying for out-of-town lunches, car hire, exhibition banners, taxi or uber costs, accommodation (if paying for yourself), petrol expenses and so forth. Indeed, this receipt-keeping pain I speak of probably applies to tradespeople, but also to anyone travelling or working away from an office for a period of time. Especially when the average value for each transaction was around $50.Īnd all the while, these guys were working very hard to potentially sell bigger solutions or physically working very hard for their clients. Some of the tradespeople I spoke with said that the pain of keeping track of their receipts simply wasn’t worth the pain of claiming them. I’ve come into contact recently with a number of tradespeople, for example, who simply can’t be bothered keeping track of many of their expenses because they’re just too busy. Yet it seems so painful to have to collect and assemble them all. However, source documents are still required as evidence. Using a credit card makes it easier to have all your transactions recorded in one place. Xero Expenses has changed - pay more or keep the old However, it does seem that since Xero bought Hubdoc, they’ve been exploring ways of charging for this service within their accounting software. There are now solutions which make the filing of receipts much easier. Some bookkeepers and business owners defer to tradition and print each invoice, bill or other expense and then file the hard copies - but there is a better way. This wouldn’t be so bad if it wasn’t such an important part of running a business. Whether you’re a bookkeeper or business owner, receipt filing (and filing in general) can easily get on top of you. However, credit card or not, the Financial Controller for our financial team was constantly asking for hardcopy or electronic receipts. But can this now be done with ease?īefore I sold the business for AccessID/EzyAccess Safety Management software, I used the business credit card for all business-related expenses.
MANAGING EXPENSES AND capturing source documents, like receipts, is the bane of most accounting department managers. Yesterday from Steve Slisar's Twitter via Twitter Web App Xero bank reconciliation and reporting is a micro course for just $99!
0 kommentar(er)
