The processing of expense claims can be both time-consuming from both the employer and employee viewpoint. Collecting expense receipts, then summarising and analysing them onto a spreadsheet, then taking the spreadsheet and rekeying that data into the accounting software all takes not insignificant amounts of time. The expenses then must be reimbursed – and someone incurring an expense personally just after the cut-off date will have to wait another month or so before reimbursement.
The use of company prepaid debit cards (with pre-set spending limits) can eliminate all of these issues. The information flows straight into the accounting records, so all costs are recorded in practically real time, and the staff members do not have to incur expenses from their own pocket. Simply taking a photo with a phone app attaches the receipt to the expense.
With auto-top ups of the “float”, the ability to disable or enable cards instantly, and many other features, we recommend you “take a look”. Contact us for more details.
