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The #1 Startup Accounting Practice You Absolutely Must Be Doing Now (Whether You Are Targeting An Acquisition Or Not)

By | Accounting, Bento Tips, Business Prepaid Debit Card

Put Startup Accounting On Cruise Control Now Or Pay The Price Later. A peer at a recent marketing conference shared with me a harrowing story about how her former startup’s poor accounting almost prevented Google from acquiring them.  The lawyers required that every transaction and every dollar was accounted for, and let’s face it, the founding team was more focused on building an acquisition-worthy product than logging every purchase. It’s unusual for a small business to start…

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How To Avoid Expense Surprises At Tax Time

By | Accounting, Bento Tips, Business Prepaid Debit Card

When tax time arrives, it can be immensely stressful for small business owners and their financial accounting teams, particularly if mistakes have been made throughout the year, or if not enough thinking and planning has gone into what needs to be done for the federal tax return. Leaving things until the last minute is the absolute worst possible plan, because when tax time comes around, your business should be prepared. The last thing you need…

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4 Signs Of Employee Fraud, And What To Do About It

By | Bento Tips, Business Prepaid Debit Card

Many small business owners are too busy to spend time pouring over every petty cash receipt or employee credit card statement—you have bigger fish to fry. Of course you want to trust your employees, but the truth is that workers can unknowingly or knowingly take liberties (aka steal). It may be small amounts—an extra cup of coffee on the corporate card here, a falsified expense receipt there—but after a while it really adds up. A…

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Small Fleet Fuel Cards – The Smarter Way Businesses Manage Small Fleet Fuel Expenses

By | Business Prepaid Debit Card, fuel cards, gas cards

When a business has a small fleet of vehicles to manage, it’s crucial to maximize profits by minimizing costs. The smartest way to control costs is by looking at how you manage small fleet fuel expenses, and prepaid fuel cards and fleet cards for small business make that job a whole lot easier to do. The Importance Of Managing Small Fleet Fuel Expenses As with all areas of your business, control and organization are essential…

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The Risks Of Giving Out Petty Cash To Employees

By | Business Prepaid Debit Card

The need for small businesses to pay for occasional, unanticipated expenses is never going to go away, and petty cash has traditionally been the way to do it. While it is immediate, easy and you only stand to lose what you give out, the unfortunate truth is that there aren’t that many other sensible options for businesses looking to eliminate employee cash advances. Would you really write a check for every little incidental office expense?…

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Gas Cards And Fuel Cards: How Bento Business Prepaid Debit Cards Can Be Configured To Control And Manage Small Fleet Fuel Expenses

By | Business Prepaid Debit Card, fuel cards, gas cards

Benefits Of Using Bento Business Prepaid Debit Cards As Gas Cards If any of your employees incur fuel expenses as part of their role, you probably already know what a headache the expense process can be, whether you manage a small fleet of vehicles or just a handful of salespeople on the road. You may have considered using large fleet fuel cards for small business use, but didn’t want to circumnavigate their limitations such as:…

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Business Prepaid Debit Cards: The Business Credit Card Alternative Preferred By Small Business Owners

By | Business Prepaid Debit Card

Business Prepaid Debit Cards vs. Credit Cards For small business owners, managing employee expenses can be a minefield, especially as a business expands and individual employee expense requirements grow. The business credit card used to be the standard option, if you could even qualify.  But now the business prepaid debit card, sometimes referred to as the prepaid credit card, is fast becoming the most popular business credit card alternative. Employee credit cards bring a number…

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10 Tips to Reduce Construction Employee Fraud

By | Bento Tips, Construction

Employee theft isn’t necessarily very common, but in some cases, it’s good to have some sort of plan to prevent it or deal with it once it’s happened. The best defense is of course having good, trustworthy employees. However, larger companies have a harder time getting to know all of their employees. If you do happen to have any issues with employee theft, or think that it could end up being a problem, here are…

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