An expense account sounds simple enough, but it actually means two different things in business. First, it's the process that lets employees pay for work expenses and get reimbursed by their company.

The term carries different meanings across contexts. In general accounting, incidental expenses catch miscellaneous small purchases that don't fit standard categories. For corporate travel policies, ...

Brex reports that expense management software streamlines processes, improves reimbursement speed, enhances accuracy, and ...

Christiana Jolaoso-Oloyede writes for media publications, B2B brands and nonprofits. Using her research, analytical and writing skills from her training as a lawyer, she focuses on garnering accurate ...

Business expenses are the ordinary and necessary costs required to run a business. Any money spent in the name of doing business can be categorized as a business expense. Every company incurs expenses ...

Learn how double-entry accounting records transactions twice, ensuring balance and accuracy by showing both a credit and a ...

Proper bookkeeping is a key element of a successful business. Bookkeeping helps you understand how funds are flowing into and out of your business. It also allows you to plan how your business uses ...

Managing business expenses used to mean shuffling paper receipts, chasing down employees for documentation, and discovering budget issues weeks after they occurred. But modern companies are ...

The accounting cycle tracks a transaction until it’s added to your company’s financial statement. Follow this eight-step ...

Few people enjoy admin – but keeping track of day-to-day expenses is essential for running a business. Fortunately, an expense tracker can remove much of the hassle. These app-based and online tools ...