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Businesses Can Simplify Expense Reporting with Affordable Mobile Apps by Laurence Bernstein, CPA


Posted on July 02, 2019 by Laurence Bernstein

Forward-thinking businesses are slowly embracing technology and the convenience of mobile apps to improve the efficiency of routine administrative tasks, including expense reporting.

Not much has changed over the past decade in the way which employees submit expense reports. Workers are responsible for tracking their expenditures, recording them as line-items on Excel spreadsheets and saving receipts, which they then must scan as pdf images, to submit for reimbursement at the end of each month. The entire process is a tedious burden that takes up far too much of employees’ valuable time. Thankfully, this is changing with a new crop of web and mobile-based expense-tracking and reporting applications that can integrate seamlessly with other business-critical process-management software systems.

First, businesses must consider if expense-reporting apps are right for them. In general, organizations that answer “yes” to any the following questions can receive immense benefits by automating expense management processes with an app:

The next challenge for businesses is understanding how these apps can fit into and integrate with their existing systems and processes without interrupting normal business operations or requiring intensive employee training. This is where a business’s accounting advisors can provide meaningful assistance. Many CPA firms working with small to mid-size businesses have experience designing, implementing and integrating a variety of accounting software systems. All you need to do is ask.

Berkowitz Pollack Brant’s Accounting Intelligence advisors and CPAs bring together deep technology experience with hands-on professional counsel to help businesses around the world implement, manage and maximize the benefits of modern, back-office accounting systems.

 

About the Author: Laurence Bernstein, CPA, is a director in the Tax Services practice of Berkowitz Pollack Brant, where he provides tax and consulting service to high-net-worth families, entrepreneurs and owners of privately held businesses. He can be reached at the CPA firm’s Fort Lauderdale, Fla., office at 954-712-7000 or via email at info@bpbcpa.com.

 


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