Category: Corporate Cards

Business credit cards are given out to both small and big brands. Unlike personal credit cards, business credit cards are intended to be used by companies. This will help them build a credit profile to help them earn better terms while borrowing in the future.

We’ve got some HUGE news to share! Today we launch our one-of-a-kind SaaS Payment management product. For the first time, finance managers will have the power to optimize their SaaS spend with actionable insights that provides total visibility & understanding of their company’s SaaS, at any given moment.

While you can use a personal credit card to help gather funds for your small business, it isn’t the most effective solution. You’ll have access to a lot more advantages when you use a corporate or small business credit card.

In this article, we will explore how a small business credit card can help you grow your brand. You will also learn about why it is a great solution for business financing, and the things you should be looking for in a good credit card.

A statement of retained earnings is an account of the net profits of a company after the dividends have been paid to the shareholders. The statement is used to show the changes in the net retained amount over a period.

Businesses generally post these numbers at regular intervals, which could be monthly or yearly. However, smaller businesses draft such a document more often since it contains vital information about company accounts that can attract new investors.

The profits earned can be used for personal reasons or can also be reinvested into the company for growth. In this article, we will show you a quick process to calculate retained earnings and the real reasons why such a statement is important for businesses.

Using outdated software and processes in your accounting process can lead to the entire process getting slowed down. This is where automation comes into play. While accounting automation is already helping businesses make the process of accounting much more efficient and fast, accounts payable process automation is also possible. In other words, you can go ahead and automate purchase orders, supplier invoices, accounting, and approval. In this blog post, we’ll discuss what accounts payable process automation means, what it looks like, and how it can help your business in-depth.

Are you still reconciling your credit card payments manually? Payment reconciliation is a time-consuming but necessary task. You need to match your bank statements with your books to ensure everything is in perfect order.

However, reconciling credit card payments takes up countless hours each month. You also have to rely on manually matching your numbers, which makes it laborious.

As a result, finance teams waste precious time that you can use for productive purposes. Let’s find out how you can speed up your reconciliation process to save both time and effort.

Banks use different terms to present the balance in your account. You must also have heard the words like ledger balance and available balance. Some of you may have also noticed the two balances are often not the same.
That makes us ask, what is ledger balance? How does it differ from available balance?
Additionally, which balance should you focus on to find out your bank account status?
Let’s explore.

Traditional budgeting is not meant for our times. If you are still relying on spreadsheets to control spending, you are most likely to fall behind. How we work has gone through massive change in the past few years. On top of that, COVID-19 transformed how businesses across all sectors operated. As a result, you should adopt an agile approach when it comes to budgeting. Let’s explore how you can implement modern budgeting for your organization to stay on top of your business spending.

Around 36% of businesses end up exceeding their budgets As a result, you need some spend control to keep your business expenses in check and derive the most value. Only then can you maximize your company spending and get more out of every dollar leaving your organization.

Today, we will present a few proven ways to control your company’s spending. However, don’t confuse spend control with cost-cutting or cost control.

On the contrary, spend control is more focused on wise spending of your company budget. Here is how you can more bang out of your bucks: