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Solo Expenses vs Outsourcing Expense Management

Expenses Apps

Shoebox of Receipts

Managing your business expenses is a fundamental part of being a business owner.

Methods have evolved over the years, from the trusty shoebox and box file to today's mobile phone apps.

Let's see how the old and the new stack up against each other.

Solo Expenses vs Outsourcing Expense Management

Automatic Audit TrailManual FilingReceipts never get lost because you can record them as you receive them. Happy Day!

Letting your receipts pile up can lead to them getting misplaced or lost.

Solo Expenses vs Outsourcing Expense Management

Fast RecordingFaded Data

Photograph and log your receipts in seconds and print reports instantly. Point, Click, Claim. Ink on receipts can evaporate over time.

Solo Expenses vs Outsourcing Expense Management

Easy BillingPanic Stations!

Allocate expenses to the right codes and bill customers as appropriate.

Leave your expenses to month, quarter or year end and you face a major headache and mountains of paperwork to sort at the last minute. Eeekk!

Solo Expenses vs Outsourcing Expense Management

Accurate ClaimsWrong VAT

No more forgotten expenses or late payment charges, and always pay the right tax. Ka-ching!Not keeping tabs on your expenses means you run the risk of claiming the incorrect amount of VAT.

Solo Expenses vs Outsourcing Expense Management

Correct Statutory PaymentsMore Tax

Always claim the correct VAT/Sales Tax and GST returns.If you're not offsetting expenses correctly you pay tax on a higher income.

To read the full blog, visit:https://www.expenseondemand.com/expenses-apps-vs-shoe-box-receipts

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