How can I assist with managing your business expenses?
Keeping track of these expenses can help your company manage its finances more effectively and save time on administrative tasks. If you or your staff frequently travel for work, such as salespeople or those on occasional business trips, you’ll likely accumulate receipts for:
Travel costs: Train tickets, bus fares, or petrol.
Accommodation: Hotel stays for overnight work trips.
Meals: Dining out for work-related purposes.
Other expenses: Parking fees, tolls, or taxi fares.
Here’s what you should do with your receipts:
- Keep them safe: Don’t lose them! You’ll need them to claim back your money.
- Be clear: Note down the reason for each expense, like “Taxi to client meeting.”
Once you’ve collated your receipts
Monthly organisation: I will go right ahead and organise them into categories with nominal codes if necessary. Add them to your chosen system, create digital folders, and file them accordingly. This makes it easier to reimburse expenses and reconcile business credit cards.