One of the most essential keys to business success is expense management.
It can be considered as the blood that flows through the veins of a business.
Efficiently handling the expenses will make your business healthy, well of course, mishandling of it will otherwise hurt the whole business.
Picking one of the important aspects of a business to focus on, expense reimbursement is one that needs to be considered carefully as it is a commonplace in today’s business environment.
As we all know, the manual process of accounting services is associated with paper works, a few sets of paper works, and another tons of paper works.
The same process applies on the expense reports.
The most obvious drawback to expense reports is the time they take to prepare and process.
The amount of time that was lost in the process might be bearable to some small businesses, but the same considerable amount of time is a huge loss if we are to consider a larger enterprise level.
Well, manual process is out of the question.
Time is gold, they said.
Traditional paper expense reports sure are inconvenient and tedious.
Fortunately for most of the companies today, these kinds of issues, which are associated with manual processing, are child’s play with the help of online accounting software that are present nowadays.
There is an intense need for companies to use an online accounting software to be free from the burden of conventional expense reimbursement.
Through EasyFS you can generate expense reports ASAP and have it processed in no time!
With EasyFS, the tedious processes on expense reimbursement and approval from the management can all be solved!
Here are some of the reasons why automated accounting is recommended for expense reimbursement:
- Easy to approve and manage
- Approval work can be done while looking at the uploaded receipt and application details. Approval routes can be set up, and can be returned or rejected.
- Easily reflect the payment amount and transfer
- Approved expenses can be registered in EasyFS accounting with one click. You no longer have to do expense reimbursement and accounting separately.
- Easily create and analyze expense reports
- We have prepared a report function such as a summary table. It is possible to grasp expense data by aggregating by unit such as each project or department.
- Not only business efficiency but also significant cost reduction can be achieved.
- With EasyFS, not only labor costs and overtime costs can be reduced by improving work efficiency, but also paper and travel costs can be reduced, and costs can be reduced by millions.
- Reduce the burden of updating personnel masters and managing forms
- HR management master automatically reflects the changes in workflow to reduce management costs. You can also create company-specific forms, consolidate forms related to management work, and reduce the burden of guidance to employees.
Do you want to come up with clear and dynamic reports, reliable financial statements and earnings reports?
Stop recording income and expense reports manually.
Save some time and stay away from stress accounting.
Let EasyFS ease the burden for you.
EasyFS is cloud-based and delivers highly accurate reports as you require.
EasyFS can provide a turn-key solution to your most common needs.
Most of all, EasyFS is CAS (Computerized Accounting System) compliant ready for government taxation in the Philippines.
EasyFS provides a fast, accurate and real-time view of your balance sheets and financial statements.
Learn more about EasyFS with the following features and benefits:
- End to End Accounting Software with Sales and Inventory Integration.
- Cloud-based and Software as a Service (SAAS).
- Multi-currency. The system is capable of making transactions in different currencies.
- Higher Accuracy and real-time reports.
- Faster Coordination with Teams.
- Cost effectiveness by reducing paper and Ink wastages.
- Low cost of deployment and maintenance.
- Improve customer service.
- Philippine Taxation Law Ready. EasyFS follows the Regulations and Guidelines set by the Bureau of Internal Revenue (BIR).
- Compatible with POS front-end Software.
- Multi-Branch. The system is capable of having multiple Stores, Branches & Warehouses to monitor Sales and Inventory across your company.
For more details, contact us now by filing-in this contact form.
