Understanding which capabilities and integrations are needed for your cloud accounting stack can be daunting. Learn how to create a sound, fully integrated strategy.
Track Business Expenses
Following payroll, business expenses are the second largest expenditure for most companies. These expenses – including travel and operational (rent, utilities, supplies) expenses – must be accurately tracked and stored for tax compliance purposes. It's important to use a system that will help you get the most accurate information from your employees for entry into your system of record, helping eliminate errors and prevent out-of-policy spending. Systems such as Abacus will track and store business expenses, while syncing data with your accounting software to automate the data entry.