Barbecues, fireworks and what not to do with your company expenses
Mobilexpense
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Did you walk into the office smelling like grilled steak? 😏 We hope so!
It's July, and this month brings the scent of vacations, barbecues, and the spirit of independence.
🎆 While the American fireworks didn't light up the European sky, the joy from across the ocean was palpable. Democracy and freedom of choice are something we cherish deeply.
That’s why we’re grateful you chose to read The Expense Newsletter. Here's what you can expect from this edition:
🐖 Spending tips
Why you should never put personal purchases on a business credit card
Have you ever purchased personal items with your business credit card? 😶 If yes, you might want to reconsider it. Here’s why:
1. It complicates expense tracking and taxes
You’ll need to report all business income and deduct expenses. Mixing in personal purchases makes deductions harder to manage.
2. It puts your personal assets at risk
Blurring the line between business and professional expenses is risky. It can weaken your legal protection, risking your personal assets in a lawsuit.
3. It makes it hard to understand your profits
Mixing business and personal expenses is like mixing oil and water – creating confusion and making it hard to track your business’s financial health.
Conclusion: Use your company credit card only for business expenses. 💳
💸 The money minute
Expense reports will never be 'trendy'
Let’s face it: 💁♀️ BBQs will always be trendy, but expense reports never will.
They are time-consuming and tedious. The inefficiency of filling reports manually is annoying for everyone. Here’s why:
The business travel industry is set to grow in the coming years, according to a Mastercard Travel Report. So, while expense reports aren’t going away, they can become easier.
Our advice: It’s time you stop entering expense reports manually. Take control of business travel expenses with an efficient expense tool instead. 👌
Recommended by LinkedIn
🪙 Extra pennies
Launching The Expense Summit – Mastering the Recipe for Financial Success
Ever wonder if the decisions you’re making are adding a pinch of progress or a dash of disaster to your organisation’s growth?
The Expense Summit by Mobilexpense is your exclusive invitation to unlock your business’s full potential and reach financial success.
This online event gathers industry master chefs for a day filled with networking, inspiration, and growth. Here’s what’s on the menu:
📅 Thu, 10th of October 2024
⏰ 9:00 AM - 1:30 PM (CET)
📍 Online
📽 Upcoming webinar
Key challenges and best practices for expense management
Managing expenses can be tough for Travel & Expense Managers. It's important to follow laws and company rules while keeping travel costs in check to stay financially efficient.
In our upcoming webinar we’ll tackle common T&E challenges like:
Save the date:
📅 Thu, 22nd of Aug 2024
⏰ 11:00 AM - 11:45 AM (CET)
📍 Online
Don't miss this chance to boost your Travel & Expense management skills.