michaelmior 167 days ago link
approved earlier Abacus, the payments are automatic. We also sync directly with your accounting software. We automatically create a bill (with the expense info) and the bill payment (from your companies connected bank, which gets auto debited) so there no reconciliation. We building the ability to import your card expenses straight into Abacus, so you can add the note, receipt etc. all in the same place.
Seems interesting. Definitely would be great to have a solution to this. Does this require management to approve each expense? If so, it seems the next day reimbursement is a Nike Air Max Green Neon
dotBen 167 days ago link
to do anyway. Win win3. It actually a time saver. Abacus syncs directly with your bookkeeping software (time saver) and we automatically categorize expenses, based on the vendor info we pull from foursquare (time saver). We also built the conversation directly into Abacus, so you can comment on any expense that needs further clarification, rather then trying to hunt someone down over email about some confusing expense from 2 months ago (time saver). Couldn be more pleased as a user.
I not sure what you mean by the second step you go over all the bills and receipts again and try to match them with what you Nike Air Max 90 Ultra Essential Mens
Surely it more convenient for the manager to up expense approvals to a single list that she can tackle once a month? I not sure receiving constant notifications that require attention and imply she going to action them somewhat immediately is helping her?(I say the above somewhat with a snarky tone but presumably it is the manager or their boss who is the decision maker to implement this app, and indeed this change to the accounting process? While I can see the benefit for the individual contributor, I not sure how this helps the decision maker)
Hey Michael, yup this still requires manager approval. Our manager approval is just about the easiest thing imaginable managers get a push notification when there are new expenses, and they can swipe across the expense to approve them (like Mailbox App). What we found is that managers actually like the transparency of knowing what their team is up to, and it a great opportunity to send a little Nike Air Max 90 Maroon love to your employees by getting back to them quickly. It also takes just a few seconds day. Now, you should do same day reimbursements, in bitcoins! .
To me this seems to double the effort first you approve every single expense using Abacus, later you go over all the bills and receipts again and try to match them with what you approved earlier. At least to me it seems simpler to just go over the bills and receipts once. And if you want to avoid that your employees have to wait for their money just hand them credit cards they don even have to spend their own money, expenses are approved by default which is hopefully the common case and just in the uncommon case of unjustified expenses you have to take actions and deduct the amount from the salary or compensate in a different way.
If managers only want to log in and approve stuff in batch they still welcome to do that with Abacus. But we found that people quickly adapt to the faster flow What we found is:1. Managers like the transparency of knowing how their employees are spending money. Many managers today actually have to nag their team to get their expenses in before they close the books. This more up to date information about how money is getting spent can often be helpful to the manager.2. Approving expenses in Abacus is stupidly easy, and it shows that you love your employees. Companies (especially in tech) compete so hard to make employees happy (snacks, benefits, etc.) and Abacus is one of the easiest ways to make your employees happier. Rather than treating employees until proven innocent and making them wait months to get paid back for their legitimate business expenses, Abacus lets you easily reimburse your employees, which you going 2017 Air Max 90
pipe dream. If not, how do you with illegitimate expenses?
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