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expense management Archives - Business Prepaid Cards for Employee Expenses - Bento for Business

Fraud Alert: 10 Ways You’re Making it Easier for Employees to Steal from You

By | Accounting, Employee Theft, Finance, Small Business

Whether or not you’ve stopped to think about it, small businesses are more vulnerable to internal fraud than their larger counterparts. This is because small businesses… Typically don’t have a budget for fraud detection. Rarely have official policies in place for handling funds, checks, reimbursements, and bills. Often rely on trust rather than clearly defined documentation, rules, and consequences. These attributes have real-world consequences. The Association of Certified Fraud Examiners found that the median fraud-related…

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Using QuickBooks Desktop? Import your Bento transactions!

By | Accounting, Bento Tips, Company News

You asked, we listened (always). You can now seamlessly import transactions from Bento for Business into QuickBooks Desktop! Transaction Pro Importer has created custom mapping for Bento users to import Bento transactions into QuickBooks Desktop (Pro, Premier or Enterprise). If you use Transaction Pro Importer already, go ahead and try it today! Simply download your transactions in CSV format in Bento, load it into your Transaction Pro Importer, and follow the step-by-step prompts. Here’s the…

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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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Is Your Current Expense Management System Allowing Employee Theft? Probably.

By | Accounting, Bento Tips, Business Prepaid Debit Card, Finance

Top Expense Management Problems & One Solution As a business owner, cash flow is always top of mind. You set rules and processes in place to ensure that every dime that comes in and out is accounted for – yet somehow cash still slips through the cracks. A significant amount of this leakage is due to intentional or unintentional employee theft, and it adds up to $50 billion per year for businesses in the US….

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How Big Data Can Help You get a Small Business Loan

By | Bento Tips, Business Prepaid Debit Card, Finance

< Non-traditional Ways That Banks Rate Your Creditworthiness If you’re looking to get a small business loan, it’s time to take down those photos of you drinking the tequila worm in Cabo on your Facebook page. As small business lending moves away from traditional institutions such as banks, alternative lenders are looking more and more at alternative sources of information to determine financial responsibility. And your social media footprint is just a small piece of...

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Why Can’t Banks Innovate?

By | Bento Tips, Business Prepaid Debit Card, Finance

Banking Innovation: Startup & Big Bank Synergy Banks run into a bit of a conundrum when it comes to innovating. Essentially, the problem is that the institution of banking has one rule: avoid risk. This is a big hurdle when considering innovation, which is fraught with risk-taking. Innovation can even be a little scary when it comes to banks, as we don’t want a bunch of committees innovating with our money. So, do we even need…

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Will Mobile Payments Become More Popular in 2016?

By | Bento Tips, Business Prepaid Debit Card, Finance, petty cash

The Future of Mobile Payments The Money 20/20 Conference held in October in Las Vegas brought the future of mobile payments into the forefront of the FinTech world’s minds, which could be the cause of the recent forecast by eMarketer which predicts a massive growth (210%) in mobile payment usage in 2016. That’s an amazing increase, but part of the reason behind it is that at the moment people just aren’t using mobile payment technology….

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The Small Business Owner’s Guide to Filing Taxes for 2015

By | Accounting, Bento Tips, Finance

2015 Small Business Tax Planning Tips With 2015 coming to a close, it’s never too early to start thinking about filing taxes for the tax year 2015/2016. When next April comes around, you want to be completely up-to-date with the relevant legislations, rules and reforms that might have an impact on your business. With that in mind, we wanted to highlight some of the relevant changes for tax time 2016. Change to IRS Standard Mileage…

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Event Planners: Your Secret Weapon for Holiday Party Expenses

By | Bento Tips, Business Prepaid Debit Card, petty cash

As an event planner, you’re approaching one of your busiest times of year! Holiday party season is bound to be a crazy period for you, and with that comes a considerable amount of stress. When things are that busy, it’s more likely that things will be missed or mistakes made. Whether it’s a corporate or private holiday party, if things go wrong you risk losing your client’s patronage, and possibly your reputation. Last Minute Holiday Party…

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Your Year End Business Housekeeping Checklist

By | Accounting, Bento Tips, Business Prepaid Debit Card, petty cash

As we approach the end of the year, it’s a great time for small business owners to take stock and do some business housekeeping. Your business is likely preparing to wind down for the holiday break, so with a little planning now, you can get everything sorted out and not worry about what you’re coming back to in the new year! Here’s a checklist of things to do before the year finishes: Stay current –…

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