A good expense tracking software should not need any note-taking. And in present times, one should say goodbye to spreadsheets, formulas and cells and leave beyond those receipts in the recycle bin. There are many easy to use expense tracking tools available in the market.
Such tools make it easy for employees to capture their expenses so that they can minimize time spent on recording and accounting. Cash expenses like taxi fares can also be easily added to an expense report, receipt images can be captured and uploaded with a camera as also credit card charges, which can be imported and plugged into the appropriate expense report.
Go Paperless. An online expense tracking software provides e-receipts that can capture electronic transaction data directly and then easily and quickly upload it into an expense report. One can also easily take a photo of the receipt with any smartphone and then upload the image to such software system in real-time.
Easy Tracking. It makes automatic transactions and is easy for others in the company to see exactly where the money is being spent. This allows businesses to reimburse employees, monitor project costs, bill clients, and optimize spending.
Centralized Location for All Expenses. An expense report allows your company to automatically track business expenses as per type, department, project or client for real-time visibility into company spending. In addition, all spending data is stored for any further in-depth analysis.
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