Blog

T&E: Control vs. Empowerment

T&E: Control vs. Empowerment

Managing the travel and entertainment aspects of the budget can be a tricky balance between controlling expenditures to keep costs down and empowering employees to...
Travel and Entertainment

Travel and Entertainment

While soaring fuel costs are making many companies cut back on travel, there are trips that simply cannot be eliminated. And for these necessary trips,...
Business Expenses: Keeping the Books

Business Expenses: Keeping the Books

How long does it take you to close the books at the end of the month? How about the quarter? For many companies, the process...
Cash Flow Management Tools

Cash Flow Management Tools

Cash flow is at the heart of every business and it often determines a company's success or failure. By using cash flow management tools, your...
Why Petty Cash is Inefficient

Why Petty Cash is Inefficient

Cutting a check for $1 is a waste of company resources, which is why so many businesses use a petty cash drawer. For all those...
IRS Substantiating Requirements for Per Diems

IRS Substantiating Requirements for Per Diems

Does your per diem rate fall under the local GSA rate for New York City? How about Oklahoma City? Do you have all the receipts...
Per Diems: GSA Regional Rates

Per Diems: GSA Regional Rates

The government sets maximum regional per diem rates that can be allotted to employees without companies having to treat the per diem as extra wages....
IRS Rules on Per Diems

IRS Rules on Per Diems

Business travel can become a headache for the accountant; tracking down receipts, collecting expense reports, and cutting reimbursement checks. When frequent travel is a necessary...
Improving Accounting Efficiency

Improving Accounting Efficiency

The goal of improving accounting efficiency is to reduce time spent on operations without increasing errors. Are you doing things one specific way because that’s...
Cash Flow Management

Cash Flow Management

Sooner or later, most companies will not have enough cash to cover their expenses. Sales might be down for one quarter, or more likely, your...
Cut Company Spending

Cut Company Spending

The troubled economy could be detrimental to any business and a close eye on cash flow can mean the difference between profit and loss. As...
Preventing Employee Fraud

Preventing Employee Fraud

A survey by the Association for Financial Professionals showed in 2007, 71% of organizations experienced occupational fraud. And it takes 18 months on average for...