Learn the best ways to manage your expenses | Expense Management (4)

Posts about Expense Management (4)

Expense management in the age of remote work

In 2019, home office arrangements applied to around one out of five employees worldwide but COVID-19 has left many companies no choice: in an effort to gain control over a global pandemic, offices around the world shut, forcing employees to work from home.¹ Not just as a crisis response, work performed from home is an increasing trend, yet companies struggle with the transition.

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Expense reports and VAT: how to optimise your business cash flow?

Reclaiming VAT on expense reports is a major issue for companies. Expense report management software is a powerful optimization tool available to companies. The configuration should also be adapted to the company, however, otherwise the technology will not deliver its full potential. Claudia Marie-Huet, VAT manager at Ayming, explains the importance of expense report management software and configuring them to optimise VAT recovery. 

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Expense reporting: which method to use?

As you may know, there is no particular established method for creating expense claims. The law has no specific conditions, and each company is free to create its own expense reporting template. However, without there being any standard template or dedicated solution, entering expense claims can be a long and tedious process, both for employees gathering and submitting their supporting documents and for accountants collecting and sorting the receipts. 

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How to prevent fraudulent expense reporting

An expense claim is a document that allows employees to be reimbursed for business expenses incurred while at work. Since this reimbursement system is largely based on trust, it's not uncommon for some employees to abuse it. Unfortunately, expense claim fraud is not an exceptional occurrence – it's estimated to account for 15% of business expenses. VSEs and SMEs, which do not always have an established expense claim management policy, are the most exposed to this risk. 

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