8 Ways To Dump Spreadsheets And Manage Your Expenses Better

This post is sponsored by Concur.

The spreadsheet is the Swiss Army knife of small-business programs: It serves almost every function you can think of. But using a spreadsheet to manage expense reporting is like using the knife's little plastic toothpick to flip pancakes. Sure, you could do it, but would you really want to?

Manually entering expense data into a spreadsheet is time-consuming, and it can introduce errors that make financial reporting difficult. There's also the pressure to pay employees on time, so they don’t end up being out of pocket. It's easy to see how the process gets overwhelming for both managers and employees.

But there is a better way to manage expenses.

Concur has put together a simple white paper with eight tips to help you create a better expense management process for your company. It explains what the best practices are, giving advice on the easiest ways to implement a new system or improve your current one. 

The eight tips include:

• Create a company-wide policy. All companies have an obligation to themselves and the IRS to ensure that expenses are genuine and appropriate.
• Simplify your reimbursement process. Employees are more likely to comply if the process is simple.
• Get the relevant information. Ask for the right details, not a novel.
• Leverage mobile devices. Make it easy to capture receipts and submit and approve expense reports while employees and managers are on the go.

These are just four things to consider when creating or improving your expense management process. Download “8 Tips for a Best-Practice Expense Process” to get the rest, plus more resources that will help make those tedious spreadsheets a thing of the past.

Download the paper and get all eight tips now.