- Wasting hours at the end of the month...
...handwriting expenses on a photocopied or laser printed forms. Claimants often put it off until the last moment because the submission process is so tedious.
- Looking for lost receipts to support...
...all those claims for expense items like fuel, parking and client entertainment. Lost receipts for cash purchases can be annoying. There's no electronic record of the payment, such as a credit card statement, so paper receipts quickly add up.
- Being out of pocket for another whole month...
...until the next payroll run when finance batch process all salary and expense claims payments. This often results from missing end of month deadlines for submitting claims.
- Scrutinising spreadsheets for rechargeable...
...expenses items. Expense claims processing can go beyond validating an employee's legitimate business expenses. Some items may be re-chargeable. Often, this is a manual process, going through the spreadsheet line-by-line.
- Propping up the tax system with the VAT...
...that you fail to reclaim. Accurate VAT reclaim is difficult. A lot slips through the net. This is because the VAT reclaim is either incorrect or there are no suitable VAT receipts.
- Manually searching credit card statements...
...to reconcile expense items to card transactions. Ploughing through credit card bills to see where the money has gone takes time.
- Finding it hard to accept mileage claims...
...are accurate. Guesstimates and the rounding up of mileage are two sources of inaccurate expenses claims.
- Wrestling with pivot tables...
...and advanced nested formula in Excel to try to gain some intelligence from your expense spreadsheets. Understanding concentration of spend could put you in a position to negotiate discounts.
Do these sound familiar? With the right software, you’ll never dread doing your expenses again.