Charges: prepaid cards

[Ayesha98]

This means no more tracking down receipts. Expense reports are filed electronically and can be accessed with just a few clicks during an audit. At the same time employees benefit from receiving timely compensation. We've developed a tool that can even automatically detect VAT to save you even more time in your bookkeeping. Eliminate expense reporting with business payment cards Many companies struggle with managing expenses due to the complexity of the process.

Even in an organization's best systems and even in automated processes errors can occur. Not all automated systems allow automatic entry of transaction information. photo retouching In some cases you will still need to enter data manually. It’s a boring and time-consuming thing that adds little to no value to your company. So why not do away with expense reporting altogether? After all, this is entirely possible with business payment cards.



There are two types of payment cards that allow you to avoidthat are topped up by your employer based on company needs and debit cards that are linked to company accounts. Both options offer several advantages. Employees no longer need to pay fees up front. This eliminates the need for expense reporting in the first place. But proof of purchase receipt is still required to prove the expense is business-related so that the company can claim VAT back.