How to Simplify Corporate Credit Card Reconciliation
What is corporate credit card reconciliation? Simply stated, corporate credit card reconciliation refers to checking and verifying the transactions in...
What Are Incidental Expenses? Definition & Examples
What are incidental expenses? Businesses can't account for every single expense they make. This happens because some expenses are so...
How to Manage Vendor Payments Efficiently
Timely vendor payments help you in maintaining a healthy relationship with your vendors and suppliers. What’s more, vendor payments are...
What Is Payroll Accounting? Meaning, Steps & Best Practices
Understanding payroll accounting Employee paycheck delays and inaccuracies often mar the payday experience. Per a recent TalentPro India survey, 37%...
How to Build an Effective Procurement Plan for Your Business
Overview When you own a business, you need a procurement plan. This plan will outline the steps that need to...
What Is Cash Accounting and How It Differs from Accrual Accounting
Introduction Many small business owners and individuals find accounting to be confusing and overwhelming. In fact, over 82% of businesses...
Understanding Business Expense Categories with Examples
Business expense management is a tough nut to crack for finance teams, especially if the organisation has many employees. Allotting...
What Are Electronic Receipts? Meaning & Benefits Explained
Introduction There’s no doubt that paper is one of Asia's greatest inventions. Wars were fought, and kingdoms were burnt to...
How Strategic Sourcing Improves Procurement Efficiency
Introduction to strategic sourcing Strategic sourcing is a vital discipline for organizations where procurement meets innovation. It has the power...
How to File and Manage Expense Reimbursement Claims
Expense Reimbursement Claims At this year’s marathon, there was a surprise podium finish. We learned later that the winner was...
