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3 Reasons Why Corporate Credit Cards are So Popular These Days

By | Business Prepaid Debit Card, Corporate Debit Card

Advancement in payment technologies has made it easier for businesses to conduct their day-to-day financial operations. According to a report by The Wall Street Journal, an increasing number of companies are now offering their employees corporate credit cards for simpler expense tracking and savings from suppliers. A recent survey by Strategic Treasurer, the “2017 B2B Payments & Working Capital Management Survey”, revealed an increasing acceptance of corporate employee expense cards among companies these days. Here are two interesting…

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5 Reasons Why Your Employees Will Love the New Bento App

By | Bento Tips, Business Prepaid Debit Card, Corporate Debit Card, Mobile, Software

Empowered Employees Are Happy Employees Are Productive Employees What makes your employees happy? While the conventional wisdom attributes employee satisfaction to a fat paycheck, it’s not always the case. As per a recent study, economists at the University of Warwick discovered employee happiness could lead to a 12% increase in overall productivity. When it comes to the employee satisfaction index in a small business setting, business expenses play a crucial role in empowering employees. When…

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5 Reasons Why SMBs Should Avoid Business Credit Cards

By | Business Prepaid Debit Card, Corporate Debit Card

If you’re one of the 28 million small business owners in the US, and looking for ways to finance your business, you may walk away with the best solution at the end of this article. According to a Small Business Credit Card Survey conducted by the National Small Business Association (NSBA) in 2009, a whopping 59% of small businesses used credit cards to meet their capital needs. So, is running your start up with a…

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How to Get a Business Credit Card without a Personal Guarantee

By | Business Prepaid Debit Card, Corporate Debit Card

If you are a small business looking to streamline your purchases and minimize cash advances, while keeping your business expenses in check, business prepaid cards (aka Employee Debit Cards) are an effective tool that will save you time and money. The challenge that every small business faces today is to offer their employees a business credit card without a personal guarantee. One of the potential risks associated with business credit cards is that their misuse…

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Top 5 Tools to Help Accountants Manage Clients More Effectively

By | Accounting

Gone are the days when bookkeeping for small business, planning and budgeting revolved around physical ledgers, or even excel spreadsheets. While accountants are naturally going to be drawn to processes which allow them to really get into numerical detail and work with complicated formulas, these days there are so many tools available that allow for easy bookkeeping for small businesses, even the more complicated processes like payroll accounting and management accounting can be simplified. Our…

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The Benefits of Prepaid Fuel Cards for Fire Sprinkler Company Employees

By | Business Prepaid Debit Card

Sending your employees out to install and inspect fire sprinklers is the bread and butter of your business, so paying for gas for the vehicles is likely to be an almost daily expense for you. In fact, with the regular fire sprinkler testing, maintenance, servicing, installations and violation removals on top, that’s a lot of driving! However many employees you have, they will be doing a lot of driving that adds up over the year….

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6 Must-Have Tools For A Small-Business Mobile Workforce

By | Bento Tips, Business Prepaid Debit Card

These tech solutions keep your distributed workforce together You’re a savvy entrepreneur who has worked hard to build a business that’s now growing rapidly—and your distributed workforce is growing with it, spread over an ever-expanding geography. It’s crucial that you have the right tools in place to help everyone stay connected, especially to you, as you manage the company’s growth. That geographically diverse workforce is called, in geek-speak, a “mobile workforce,” and there’s a plethora…

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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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