expense management

When you start up your business, there are many startup mistakes to consider before setting out to fulfill your dream of becoming an entrepreneur. Prepare yourself financially to start right and avoid the expenses of starting and running your own business. When putting together your business plan, it’s essential to plan for these expenses, as […]

Traditionally, banks offer better services for larger businesses. Small businesses don’t get the same treatment from banks—and that’s a problem. Why? Because small businesses don’t have the same purchasing power as larger organizations, banks have little incentive to put in the extra effort to service these customers well. Banks don’t cater to their expense management […]

More money, more power! Is the saying of old times. Optimum use, maximum power! Is now what they say. Using each penny wisely is very important in business as you always thrive to achieve maximum profit with optimum utilization of resources that you have. Therefore, budgeting in business is the key to its success. Planning […]

Travel and expense policy of a company is created to limit the expenditure of an employee while on a business trip. But, many employees take advantage of this and charge additional expenses to fill their own pockets.

It happens quite often that many small scale enterprises simply focus on generating only direct revenue even to the extent of neglecting the proactive management of the business expenses. They fail to realize that eventually, only the gross profits are significant which are calculated after deducting the expenses from the revenue generated. Now, if the […]