The True Nature of a Monthly Expense Report

The companies around the world deal with expenses in large proportions every day and such transactions will get accumulated every month to a larger number than what we expect. This should be subjected to a detailed research every month and the results can be used for the plotting a trend calculation between the inflow of money and the expenses we meet per month. This will in turn help us in making sure that the company is on the falling side of the financial reserves curve. Many graphical representations will be possible by using the data collected for filling up the monthly expense report. The details can be useful in finding out the departments and about the personnel involved in wasting fund resources and other forms of fraudulent activities including embezzlement of the funds provided for this purpose.

For example, by using monthly expense report, every penny spent for the department of transport of a company will be accounted for and the unbalanced calculations will receive an inspection from specially designed methods of finding out the reasons for this. The monthly expense report will provide columns to be filled with details about the nature and amount of expenses made by and for a single vehicle operated by the company. Each report will tabulate the number of hours in which it had remained unused, the used timings and duration, the length of each journey, the amount of cargo loaded onto the vehicle and so on, in detailed tabulation. This being the case, the money being spent for the single company owned vehicle or the vehicle which has been hired from other agencies can be calculated freely. The details will provide exact inferences for the management to take decisions in this regard. The funds which have been separately allotted as a whole from the total available funds, just for being used by this department will either be increased or decreased only after examining the contents of these reports in full.

The reason for the usage of monthly expense report will be that the company will not only have employees who work genuinely and in the best possible of ways of gaining support for both the company as well as themselves, but will also have selfish natured persons too. The same aspect might be found among the personnel working in the top level board of the company too. Such differences in opinion and cunning plots to embezzle the company's funds can be shown to all by discussing the aspects shown by the monthly report among everyone in that specific department.

Why Reporting Is Essential In Budget and Expenses Software

There will be no argument if we claim that an income and expense spreadsheet is vital. But this is not enough, for you also need the help of the forefront budget software program that will give you sufficient options of reporting for easy analysis of information.

Do you have the slightest idea as to how the expenses software communicates with users like you? The answer would be through the reports, and it is their quality that sets better expenses software apart from those which are of inferior quality. This is also made possible by other essential features of the software like the income expense spreadsheet.

For this matter, budgeting software can only be regarded as a really good one if it is user-friendly and the input of information is hassle free. The moment that the initial setup is done, transaction recording and processing is expected to automatically take place.

Good Reporting: Its Elements Good financial software must possess reporting elements in the module of the money management tool that you are using. These features must also be intuitive and straightforward to use, for they are the real hallmark of the reporting features of a better software.

Basic Income and Spending If these two do not exist, your software can be regarded as completely futile. Income and spending must be easily known with a mere push of a certain button.

Breakdown of Expenditure Really good software must present to you the detailed and exact breakdown of the expenses that you have made. These expenses must be categorized properly and defined easily, depending on the various time periods like year, month or day. These data can also be summarized through an income expense spreadsheet.

Graphic Displays Expenditure software is also expected to give information graphically. The use of colored blocked graphs as well as pie charts make it easier to check if the expenses figures are proportioned to your income. A good alternative will be to analyze numbers and in other cases, doing the maths to know how much money you are currently dealing with.

Multiple Accounts Being Handled Financial software can be considered good if it can handle all the user's credit card transactions, accounts, income and expenditures. The software's reporting side must have the capacity to show the account used and must also intuitively generate the related reports, like complete income expenditure of every account and also, show the category of expenditures for which the payments were made.

Reporting Software's Adaptability Since people live diverse lives, it is essential that the software is customizable for this diversity to be reflected. Rigid software can cause issues in usability and can even be deemed futile if it will not suit the expenditure and lifestyle patterns of the user.

Reliable software that can measure income and expenditure can facilitate the lifestyle that you have, avoiding any problems for it will be specifically designed for this.

Reports for Cloud Computing In case that the software you have now can be accessed from wireless devices such as smartphones, a good bonus will be being able to get reports from that device. This allows real time reports about expenditure which can aid in financial management even when you are outside your home.

Indeed, reports from the expenses software can be considered as the software's lifeblood. The ease of their usage, their customizable features, income expense spreadsheet and many others are more than enough to explain why they are worth using.

Sharing the Road: Business Travelers Increasingly Choose Uber

In our quarterly SpendSmart™ Report, we analyze the most recent business expense and vendor ratings submitted by Certify users, providing valuable insights to our clients, and to the corporate T&E industry at large. The report showcases at a global level the sort of data Certify customers can access at a company level, and can be used to benchmark how individual company spend compares to national averages and trends.

Data from the 2015 Q1 report indicates a significant shift in ground transportation usage for business travel: it’s clear that the share of total paid car rides is trending toward Uber. While taxis still dominate the ground transportation sharing economy in most cities, ride-hailing services are rapidly on the rise among business travelers.

Regional cross-sections of the data provide further insight into the sharing economy: Uber’s year-over-year rise for business users in major U.S. cities has taken significant market share from taxis. Among eight major metropolitan areas, business travelers in San Francisco and Dallas are using Uber more than taxis as of 2015’s first quarter. “The sharing economy is bringing disruption to all of these markets, but it’s fascinating to see how that disruption unfolds from city to city,” said Robert Neveu, CEO of Certify. “For example, business people in Dallas and San Francisco are now expensing Uber more often than taxis, while taxis still dominate market share in New York.”

Regarding cost per ride, the average Uber ride (including all Uber products) was $31.24 for the quarter. The average taxi fare rings in at $35.40 (including taxis, limousines and airport shuttles). “The business community is looking for value and convenience, and at the same time this is a group that is interested in innovation,” said Neveu. “Ridesharing services are making inroads into corporate budgets because they combine all of those things.”