Fyle’s Gmail Add-on to do your pesky Expense Reports
Let us put it this way. Fyle loves Gmail. We started by building the world’s first chrome extension for reporting expenses from Gmail. Two years later, add-ons have rekindled our love for Gmail. For the uninitiated, add-ons can be used inside Gmail to automate repetitive tasks. From tracking sent emails to updating your CRM, you can find a host of apps in the GSuite Marketplace to make your life easier. While there are multiple add-ons for CRM, invoicing, and task-tracking, we found none for expense reporting. We felt it was our call to deliver something extraordinary, and we were up to the challenge. We are proud to announce that today…
Best corporate credit cards program to earn reward points
Using corporate credit cards can be a rewarding strategy for your business. The best corporate credit cards offer several benefits, both for your employees and your business. Some rewards include cashbacks, loyalty points, travel insurance, airport lounges, priority boarding, and more. We have created a list of the best corporate cards adhering to specific criteria. An ideal corporate card helps satisfy business needs. It also should help collect extra perks at the same time. Hence, businesses must pay close heed to the factors behind choosing a particular corporate credit card. You must decide upon what you want most from your card – rewards, cashbacks, or building good credit. What rewards…
Best corporate credit cards for medium-sized companies
Are you looking for the best corporate credit cards you can use for your growing business? You’re probably considering getting a corporate credit card to simplify multiple business processes. Choosing a corporate credit card program for your medium-sized company can prove to be a huge dilemma. To help you, we have compiled a list of the best corporate credit cards and their features that will best suit your medium-sized enterprise. What is a medium-sized company: As per the National Center for The Middle Market, “Medium-sized companies are defined as those with annual revenue between $10 million and $1 billion.” By this definition, about 200,000 U.S companies fall under this category.…
How to speed up the processing of expense reports?
With the rise in employee size and business travel, managing employee expenses gets complicated. An increase in business expenses leads to an increase in expense reports and expense reporting woes. Today, finance managers have an urgent need to look for modern ways to decrease their workload and quicken the processing of expense reports. But before finding ways to speed up the process, it is important to identify the prevailing factors that are contributing to the workload of finance teams. Identifying these factors would help in recognizing the key issues that need your attention. Why does the processing of expense reports take time? The high volume of expense reports It is…
How to choose corporate credit cards for employees
Are you looking for corporate credit cards for employees who travel on business trips? Issuing corporate credit cards for employees help to curb expense management headaches. It also integrates with other technological solutions to ensure seamless user experience. Choosing the right corporate credit card for employees can yield many benefits. Some benefits are cashbacks, miles, and points worth hundreds of dollars with every business expense incurred. With multiple credit card options available it can become overwhelming, choosing the best one for your business. In this article, we discuss the types of corporate credit cards available in the market today. Further, we help investigate whether your business needs a corporate credit…
How to create an IRS-compliant expense reimbursement policy
Not all of your employees are chained to a desk. Many employees nowadays spend their time out in the world, working with customers, conducting meetings, and traveling on behalf of your business. You may also use a mix of staffing strategies, from mobile employees to contract employees to home-based employees, each on their own schedule. A smart business will include an expense reimbursement plan so that employees aren’t losing money to work for you. But if you aren’t paying attention to the rules, you could get in trouble with the IRS. Here’s what you need to know to set up your own plan. What is Expense Reimbursement? The expense reimbursement…
Everything you need to know about a per diem expense report
Does your business offer it’s traveling employees per diems? In that case, you’re most likely looking for an effective way to manage and record your employee per diem expenses. An ideal way to do so is by using a per diem expense report. In this article, we discuss the nuances of a per diem expense report and why it matters for your business. What is Per Diem? Some companies prefer providing corporate credit cards to manage business expenses. Others prefer reimbursing out-of-pocket expenses post-trip. However, there is another way wherein you give a daily fixed allowance to help employees with business travel expenses. These allowances are known as Per Diems.…
How can your employees submit a travel expense report on time?
Does it take your employees an eternity to submit a travel expense report? Our best guess is, they hate the process just as much as you. But, in today’s employee-centric ecosystem, businesses are actively moving towards automation. Automation of any process helps eliminate the mundane tasks associated with work. It is also known to help boost financial and employee productivity. But how can automation help with a travel expense report, you ask? Let’s delve in. Why employees do not submit a travel expense report on time? Business travel is hectic enough. Your traveling employees need to hop across cities, and sometimes even countries to close business deals. They need to…
What is a corporate credit card?
Every growing company has business expenses like hotel bookings and airfare that are not borne directly by the company but through its employees. The employees incur these expenses for the company and are liable to be reimbursed. Hence, managing these expenses becomes very crucial as a company grows. When employees use cash or their personal credit/debit card, reporting, verifying, and matching these expenses becomes a hassle. A simple way to track and control these expenses is by issuing corporate credit cards to employees for their business expenses. This prevents employees from using their own money and lets the company pay directly, thereby making things easier for both of them. If…
What is expense report approval?
Expense report approval is necessary to ensure your business stays audit-ready at all times. It also plays a crucial role to ensure that no fraudulent expense claims slip by. But is it as easy as it sounds? In this article, we discuss the various types of business expenses that need approval. Additionally, we look into the nuances of an expense report approval workflow. Lastly, we compare how an automated approval workflow pans out against the traditional ones. What type of business expenses require approval? An employee incurs various types of business expenses during work. Most of these expenses require approval before going into the payment processing cycle. The following are…
What is an expense management software?
Traditional ways of reporting and reimbursing expenses involve many unnecessary issues and risks. They include manual handling of physical receipts and manual verifications which are prone to fraud and error. The inefficiency of traditional expense management further weakens your employee morale, financial productivity, and your bottom line. To mitigate these risks, most leading companies resort to using an expense management software. Using an expense management software makes life easier for expense reporters as well as accountants and approvers. In today’s eco-friendly and efficient work culture, it is a must-have tool for scale. In this article, we discuss what expense management is and why it plays a crucial role in your…
