While many operational expenses are obvious and necessary, from office rent to essential office supplies many more avoidable expenses are hidden in plain sight.
Time to say goodbye to the buy now, expense later culture. For decades, the culture of buy now and expense later has become ingrained in companies across the globe. Ad-hoc verbal or email purchase approvals abound due to slow, poorly designed expense systems.
For charitable and not-for-profit organisations, attracting donations is just the beginning. Once funds arrive, the hard work starts as they consider how best to get funds to those who need to access them the most.
In 2021, the biggest challenge affecting not-for-profit organisations probably isn’t the one that you would expect. Surprisingly, collecting donations isn’t the primary issue that charitable organisations are now facing.
Companies are leveraging technology to find new, innovative ways to keep-up employee morale over the Christmas period. One such company is Xero, the small business platform, which kicked off its "Surprise and Delight" campaign in early December.
A good expense management tool like DiviPay will help your staff quickly upload a receipt and record the details that surround an expense like the GST, a description and expense category. This will allow you and your accounts team to understand why an expense was made, maximise your tax claim and correctly account for expenses on your Balance Sheet and Profit and Loss reports.
Once you break it down there are actually 3 major card types available - credit cards, debit cards and prepaid cards. In this post we’ll help you understand the pros and cons of each card.
The Catalysis Group specialise in helping small business owners claim back time, reduce staffing costs and improve job quality. We recently spoke with founder James Cowlishaw about their business and the upcoming trends they are seeing in the accounting industry.
Transform LogIQ is a digital transformation specialist. We recently spoke with founder Broderick Smith about the upcoming trends they are seeing in technology and digitisation for SMEs.