{"id":219980,"date":"2021-03-11T11:14:21","date_gmt":"2021-03-11T11:14:21","guid":{"rendered":"https:\/\/www.pearlaccountants.com\/?p=217960"},"modified":"2023-05-22T14:15:47","modified_gmt":"2023-05-22T14:15:47","slug":"9-tips-improve-expense-management","status":"publish","type":"post","link":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/","title":{"rendered":"9 Tips to Improve Expense Management in Your Business"},"content":{"rendered":"\n<p>Expense management for a company can be a chore at best and a nightmare at worst. The problem is doubly difficult to solve when you have employees underneath you.<\/p>\n\n\n\n<p>Large megacorps might have the benefit of dedicated accounting departments that can take care of expense management as part of their day-to-day duties. But managing expenses in a small business can take valuable time away from other, more important tasks which are necessary to keep the business going (such as marketing and delivery).<\/p>\n\n\n\n<p>Here are several tips and best practices for managing your company\u2019s expenses effectively:<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#1_Stay_up_to_date_on_your_expenses\" title=\"1. Stay up to date on your expenses\">1. Stay up to date on your expenses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#2_Have_a_central_filing_system\" title=\"2. Have a central filing system\">2. Have a central filing system<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#3_Invest_in_simple_accounting_software\" title=\"3. Invest in simple accounting software\">3. Invest in simple accounting software<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#4_Link_business_bank_accounts_to_your_accounting_software_%E2%80%9CBank_Feeds%E2%80%9D\" title=\"4. Link business bank accounts to your accounting software (\u201cBank Feeds\u201d)\">4. Link business bank accounts to your accounting software (\u201cBank Feeds\u201d)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#5_Use_tools_like_Revolut_Business\" title=\"5. Use tools like Revolut Business\">5. Use tools like Revolut Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#6_Assign_someone_to_regularly_reduce_expenses\" title=\"6. Assign someone to regularly reduce expenses\">6. Assign someone to regularly reduce expenses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#7_Reward_staff_for_finding_better_deals\" title=\"7. Reward staff for finding better deals\">7. Reward staff for finding better deals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#8_Reward_staff_on_a_sliding_scale_for_low_spending_on_business_trips\" title=\"8. Reward staff on a sliding scale for low spending on business trips\">8. Reward staff on a sliding scale for low spending on business trips<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#9_Implement_a_well-known_expenses_policy\" title=\"9. Implement a well-known expenses policy\">9. Implement a well-known expenses policy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#In_summary\" title=\"In summary\">In summary<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Stay_up_to_date_on_your_expenses\"><\/span>1. Stay up to date on your expenses<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Whether you\u2019re a freelancer or a small business, staying up-to-date is a key part of not being overwhelmed by unnecessary administrative burdens when year-end comes along.<\/p>\n\n\n\n<p>Also, by never letting your expense tracking go more than a week out of date, you can quickly catch expenses that are spiralling out of control before they become a problem.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Have_a_central_filing_system\"><\/span>2. Have a central filing system<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The proverbial \u201creceipts shoebox\u201d has its merits \u2014 at least you know where to find all your receipts when you need them!<\/p>\n\n\n\n<p>In this day of electronic receipts and invoices from multiple sources, proper digital filing can be difficult to achieve. This can lead to lost deductibles on your tax return.<\/p>\n\n\n\n<p>One option is to save <em>every<\/em> receipt and bill in a central digital folder, sorted by date.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Invest_in_simple_accounting_software\"><\/span>3. Invest in simple accounting software<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are numerous <a href=\"https:\/\/www.pearlaccountants.com\/blogs\/xero-quickbooks-or-freeagent\/\">accounting software packages<\/a> out there. Many of them are dedicated to larger businesses.<\/p>\n\n\n\n<p>Something like <a href=\"https:\/\/www.pearlaccountants.com\/blogs\/prepare-foreign-bank-account-csv-file\/\">FreeAgent<\/a> is well-suited to freelancers and small businesses that need a certain amount of flexibility.<\/p>\n\n\n\n<p>This solves the two first problems above as well because the accounting software will help you stay on top of your accounting (and therefore your expenses). The software also gives you a central place to store all the records for your business.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Link_business_bank_accounts_to_your_accounting_software_%E2%80%9CBank_Feeds%E2%80%9D\"><\/span>4. Link business bank accounts to your accounting software (\u201cBank Feeds\u201d)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you connect your business bank account to your accounting software, and if you ensure that <em>all<\/em> company expenses are <em>always<\/em> paid for via business accounts or credit cards, then your accounting system will automatically alert you when an expense needs to be explained.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"740\" height=\"491\" src=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/Link-business-bank-accounts-to-your-accounting-software.png\" alt=\"Link business bank accounts to your accounting software\" class=\"wp-image-218594\" srcset=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/Link-business-bank-accounts-to-your-accounting-software.png 740w, https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/Link-business-bank-accounts-to-your-accounting-software-300x199.png 300w\" sizes=\"(max-width: 740px) 100vw, 740px\" \/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Use_tools_like_Revolut_Business\"><\/span>5. Use tools like Revolut Business<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.pearlaccountants.com\/services\/revolut-accountants\/\">Revolut Business<\/a> simplifies managing staff expenditures by giving you a central location to manage all staff business credit cards. You can assign spending limits, and you will also be able to see expenditures (on your smartphone or via the web app) as they are made with each of the business cards.<\/p>\n\n\n\n<p>You can also disable credit cards easily if you find that one of your employees is suddenly overspending.<\/p>\n\n\n\n<p>Additionally, Revolut Business connects with many of the popular accounting software providers so that you don\u2019t have to manually input expenses into your accounting system.<\/p>\n\n\n\n<p>We are partnered with Revolut and so can offer you detailed assistance on how best to use it, if you wish.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_Assign_someone_to_regularly_reduce_expenses\"><\/span>6. Assign someone to regularly reduce expenses<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Reducing expenses is a two-edged sword because the cheapest service is rarely the best one.<\/p>\n\n\n\n<p>In the same breath, saving ten or twenty quid on an item you buy two hundred times a month, every month, adds up to a \u00a324,000 &#8211; \u00a348,000 saving in the period of a year! With those kinds of figures, you could even hire someone to dedicatedly try and get the best deal on every single supplier contract. It is time-consuming to constantly have to check and double-check existing contracts. But if your business deals heavily with suppliers, this might be a crucial post to fill inside your finance department.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_Reward_staff_for_finding_better_deals\"><\/span>7. Reward staff for finding better deals<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Make employees aware of the need to save and offer them rewards if they discover better deals from suppliers. You could offer a 10 per cent cut of any savings they bring in each year. So, if they find a different supplier (of the same quality) or negotiate a lower price with an existing supplier which brings your total bill to \u00a31,000 less for the year, then they would get an additional \u00a3100 in their final paycheck for the year.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Reward_staff_on_a_sliding_scale_for_low_spending_on_business_trips\"><\/span>8. Reward staff on a sliding scale for low spending on business trips<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If staff spend, say, 15 or more per cent less than the approved budget for a business trip, then give them a percentage of that saving into their own back pockets.<\/p>\n\n\n\n<p>Let\u2019s say you decide to reward staff with \u201c50 per cent of the money saved\u201d during their business trip. If their business trip has an approved budget of \u00a31,000 and they spend only \u00a3700 (i.e., 30 per cent less), then give them 50 per cent of what they saved (\u00a3300) into their back pockets, or \u00a3150.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"9_Implement_a_well-known_expenses_policy\"><\/span>9. Implement a well-known expenses policy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One key thing to state in a Company Expense Management Policy is that the company will not reimburse any expenses to employees that have not been priorly approved. (Perhaps there could also be a clause in there to allow for \u201cexceptional cases\u201d. It would be awful to penalise an employee who paid out of their own pocket for something that was essential to get a client contract that day and which thereby brought the company additional revenue!)<\/p>\n\n\n\n<p>Make sure the policy is well-known and understood by all. A business\u2019s funds are not bottomless, and employees should be aware of that.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-2 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_summary\"><\/span>In summary<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The most important point in all of this is to <em>actively<\/em> manage expenses. Not caring what employees spend and not making an effort to actively reduce costs will lower net profits and cash flow. If there\u2019s one thing that the 2020 global lockdowns taught us, it\u2019s that there can never be too much cash sitting in one\u2019s bank account to hold one over during rough times.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"580\" height=\"380\" src=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/important-point-in-all-of-this-is-to-actively-manage-expenses.png\" alt=\"important point in all of this is to actively manage expenses\" class=\"wp-image-218596\" srcset=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/important-point-in-all-of-this-is-to-actively-manage-expenses.png 580w, https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/important-point-in-all-of-this-is-to-actively-manage-expenses-300x197.png 300w\" sizes=\"(max-width: 580px) 100vw, 580px\" \/><\/figure>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Expense management for a company can be a chore at best and a nightmare at worst. The problem is doubly difficult to solve when you have employees underneath you. Large megacorps might have the benefit of dedicated accounting departments that can take care of expense management as part of their day-to-day duties. But managing expenses <a href=\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  9 Tips to Improve Expense Management in Your Business<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":219435,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2195,2198,2203],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>9 Tips to Improve Your Businesses Expense Management<\/title>\n<meta name=\"description\" content=\"What are the best expense management strategies for a business? How can you save time when managing expenses in a company? We answer those questions in this article.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"9 Tips to Improve Expense Management in Your Business\" \/>\n<meta property=\"og:description\" content=\"What are the best expense management strategies for a business? How can you save time when managing expenses in a company?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Pearl Chartered Accountants &amp; Tax Advisers\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PearlCharteredAccountants\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-11T11:14:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-22T14:15:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2019\/02\/New-system.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"425\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ashley Preen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"9 Tips to Improve Expense Management in Your Business\" \/>\n<meta name=\"twitter:description\" content=\"What are the best expense management strategies for a business? How can you save time when managing expenses in a company?\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2019\/02\/New-system.jpeg\" \/>\n<meta name=\"twitter:creator\" content=\"@PearlAccount\" \/>\n<meta name=\"twitter:site\" content=\"@PearlAccount\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ashley Preen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/\"},\"author\":{\"name\":\"Ashley Preen\",\"@id\":\"https:\/\/www.pearlaccountants.com\/#\/schema\/person\/e2cc2e2b687648a58441b41d1e5a67a6\"},\"headline\":\"9 Tips to Improve Expense Management in Your Business\",\"datePublished\":\"2021-03-11T11:14:21+00:00\",\"dateModified\":\"2023-05-22T14:15:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/\"},\"wordCount\":957,\"publisher\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/9-Tips-to-Improve-Expense-Management-in-Your-Business.png\",\"articleSection\":[\"Financial Advice\",\"Small Business Advice\",\"Technology\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/\",\"url\":\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/\",\"name\":\"9 Tips to Improve Your Businesses Expense Management\",\"isPartOf\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/9-Tips-to-Improve-Expense-Management-in-Your-Business.png\",\"datePublished\":\"2021-03-11T11:14:21+00:00\",\"dateModified\":\"2023-05-22T14:15:47+00:00\",\"description\":\"What are the best expense management strategies for a business? How can you save time when managing expenses in a company? We answer those questions in this article.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#primaryimage\",\"url\":\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/9-Tips-to-Improve-Expense-Management-in-Your-Business.png\",\"contentUrl\":\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/9-Tips-to-Improve-Expense-Management-in-Your-Business.png\",\"width\":809,\"height\":537,\"caption\":\"9 Tips to Improve Expense Management in Your Business\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.pearlaccountants.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"9 Tips to Improve Expense Management in Your Business\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.pearlaccountants.com\/#website\",\"url\":\"https:\/\/www.pearlaccountants.com\/\",\"name\":\"Pearl Chartered Accountants &amp; Tax Advisers\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.pearlaccountants.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.pearlaccountants.com\/#organization\",\"name\":\"Pearl Chartered Accountants &amp; Tax Advisers\",\"url\":\"https:\/\/www.pearlaccountants.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.pearlaccountants.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2022\/12\/logo-38e1f36de87ee42c472f78a5bbec76db.png\",\"contentUrl\":\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2022\/12\/logo-38e1f36de87ee42c472f78a5bbec76db.png\",\"width\":302,\"height\":100,\"caption\":\"Pearl Chartered Accountants &amp; Tax Advisers\"},\"image\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/PearlCharteredAccountants\",\"https:\/\/x.com\/PearlAccount\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.pearlaccountants.com\/#\/schema\/person\/e2cc2e2b687648a58441b41d1e5a67a6\",\"name\":\"Ashley Preen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.pearlaccountants.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/074565272efed07a02816efe81d8e144?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/074565272efed07a02816efe81d8e144?s=96&d=mm&r=g\",\"caption\":\"Ashley Preen\"},\"url\":\"https:\/\/www.pearlaccountants.com\/blogs\/author\/ashley\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"9 Tips to Improve Your Businesses Expense Management","description":"What are the best expense management strategies for a business? How can you save time when managing expenses in a company? We answer those questions in this article.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/","og_locale":"en_US","og_type":"article","og_title":"9 Tips to Improve Expense Management in Your Business","og_description":"What are the best expense management strategies for a business? How can you save time when managing expenses in a company?","og_url":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/","og_site_name":"Pearl Chartered Accountants &amp; Tax Advisers","article_publisher":"https:\/\/www.facebook.com\/PearlCharteredAccountants","article_published_time":"2021-03-11T11:14:21+00:00","article_modified_time":"2023-05-22T14:15:47+00:00","og_image":[{"width":640,"height":425,"url":"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2019\/02\/New-system.jpeg","type":"image\/jpeg"}],"author":"Ashley Preen","twitter_card":"summary_large_image","twitter_title":"9 Tips to Improve Expense Management in Your Business","twitter_description":"What are the best expense management strategies for a business? How can you save time when managing expenses in a company?","twitter_image":"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2019\/02\/New-system.jpeg","twitter_creator":"@PearlAccount","twitter_site":"@PearlAccount","twitter_misc":{"Written by":"Ashley Preen","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#article","isPartOf":{"@id":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/"},"author":{"name":"Ashley Preen","@id":"https:\/\/www.pearlaccountants.com\/#\/schema\/person\/e2cc2e2b687648a58441b41d1e5a67a6"},"headline":"9 Tips to Improve Expense Management in Your Business","datePublished":"2021-03-11T11:14:21+00:00","dateModified":"2023-05-22T14:15:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/"},"wordCount":957,"publisher":{"@id":"https:\/\/www.pearlaccountants.com\/#organization"},"image":{"@id":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#primaryimage"},"thumbnailUrl":"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/9-Tips-to-Improve-Expense-Management-in-Your-Business.png","articleSection":["Financial Advice","Small Business Advice","Technology"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/","url":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/","name":"9 Tips to Improve Your Businesses Expense Management","isPartOf":{"@id":"https:\/\/www.pearlaccountants.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#primaryimage"},"image":{"@id":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#primaryimage"},"thumbnailUrl":"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/9-Tips-to-Improve-Expense-Management-in-Your-Business.png","datePublished":"2021-03-11T11:14:21+00:00","dateModified":"2023-05-22T14:15:47+00:00","description":"What are the best expense management strategies for a business? How can you save time when managing expenses in a company? We answer those questions in this article.","breadcrumb":{"@id":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#primaryimage","url":"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/9-Tips-to-Improve-Expense-Management-in-Your-Business.png","contentUrl":"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2021\/03\/9-Tips-to-Improve-Expense-Management-in-Your-Business.png","width":809,"height":537,"caption":"9 Tips to Improve Expense Management in Your Business"},{"@type":"BreadcrumbList","@id":"https:\/\/www.pearlaccountants.com\/blogs\/9-tips-improve-expense-management\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.pearlaccountants.com\/"},{"@type":"ListItem","position":2,"name":"9 Tips to Improve Expense Management in Your Business"}]},{"@type":"WebSite","@id":"https:\/\/www.pearlaccountants.com\/#website","url":"https:\/\/www.pearlaccountants.com\/","name":"Pearl Chartered Accountants &amp; Tax Advisers","description":"","publisher":{"@id":"https:\/\/www.pearlaccountants.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.pearlaccountants.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.pearlaccountants.com\/#organization","name":"Pearl Chartered Accountants &amp; Tax Advisers","url":"https:\/\/www.pearlaccountants.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.pearlaccountants.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2022\/12\/logo-38e1f36de87ee42c472f78a5bbec76db.png","contentUrl":"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2022\/12\/logo-38e1f36de87ee42c472f78a5bbec76db.png","width":302,"height":100,"caption":"Pearl Chartered Accountants &amp; Tax Advisers"},"image":{"@id":"https:\/\/www.pearlaccountants.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/PearlCharteredAccountants","https:\/\/x.com\/PearlAccount"]},{"@type":"Person","@id":"https:\/\/www.pearlaccountants.com\/#\/schema\/person\/e2cc2e2b687648a58441b41d1e5a67a6","name":"Ashley Preen","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.pearlaccountants.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/074565272efed07a02816efe81d8e144?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/074565272efed07a02816efe81d8e144?s=96&d=mm&r=g","caption":"Ashley Preen"},"url":"https:\/\/www.pearlaccountants.com\/blogs\/author\/ashley\/"}]}},"_links":{"self":[{"href":"https:\/\/www.pearlaccountants.com\/wp-json\/wp\/v2\/posts\/219980"}],"collection":[{"href":"https:\/\/www.pearlaccountants.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pearlaccountants.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pearlaccountants.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pearlaccountants.com\/wp-json\/wp\/v2\/comments?post=219980"}],"version-history":[{"count":0,"href":"https:\/\/www.pearlaccountants.com\/wp-json\/wp\/v2\/posts\/219980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pearlaccountants.com\/wp-json\/wp\/v2\/media\/219435"}],"wp:attachment":[{"href":"https:\/\/www.pearlaccountants.com\/wp-json\/wp\/v2\/media?parent=219980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pearlaccountants.com\/wp-json\/wp\/v2\/categories?post=219980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pearlaccountants.com\/wp-json\/wp\/v2\/tags?post=219980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}