Expense reports are almost as old as money. Recording your expenses are how you or your company keeps track of how much you spend and why. Phone applications are created to make everything easier, you can easily figure out where the constellations are in the sky any time of day or make yourself look like a dog. Of course you should be able to use the ease of your mobile phone to keep track of expenses and create expense reports. Not only is this option convenient but having mobile expense report option will save you money.
No More Receipts
How many times have you lost a receipt you needed for an expense report? We have all done it and it have cost us money and the trust of the finance department. With a mobile expense app you can immediately expense that receipt without having to worry about holding onto or turning it in. That way your expense report is always accurate and you avoid taking personal charges you don’t need to.
Expense Approval Or Denial
Having an expense app right on your phone doesn’t only benefit the employee but there are managerial benefits as well. Approving or denying expenses is just as easy and immediate as inputting them on the apps. This will help you avoid all the extra expenses employees may hold onto. Frequently, we forget or overlook expenses if there is a gap between the actual expenditure and the reporting. If there is no gap between these two events then we can make expenses concise and accurate. Saving everyone time and money with immediate mobile approval or denial.
There is a reason most people hire someone to do their taxes, they are hard. When expenses and mileage get involved it gets even more complicated. Yes, we all know it is more efficient if we keep track of those things as they are happening instead of scrambling to figure it out right before the deadline. Just like with receipts mobile expense report apps give you the convenience to easily track mileage as it is happening. After taking that stress out of your hands having the expense report apps provides you IRS ready information already compiled for you at the time you need it. Saving you money and making sure you report everything you promptly and properly.