Expenses are then automatically and logically organized into Live Reports as they enter the system according to their business purpose. ![]() ![]() Each expense is submitted and entered into the system in real time, giving admins instant visibility into spend. It is the only platform to remove the arbitrary employee-generated expense report from the process - making submitting and reviewing expenses faster and more accurate. INSTANT VISIBILITY INTO SPENDING AND BUDGETSīuild custom analysis reports with real time data to help you identify trends and manage budgets.Ībacus is a real time expense reporting solution that automates expense creation and approvals. Sync expenses into your accounting software using either cash or accrual method as they are approved so that your books are always up-to-date. Once an expense is approved, Abacus handles the reimbursement and direct deposits into the employee's bank account. Routing rules then automatically send the expense to the best suited approver. Policy rules are applied before expenses can be submitted in order to reduce violations. It can also reduce the amount of time it takes to collect and report project data, manage timesheets and remote data entry.Abacus is the easiest way for you to reimburse your team, reconcile corporate credit cards, and implement your expense policy.Īccess your Abacus to track expenses from anywhere!ĬAPTURE ACCURATE EXPENSE DATA FROM EMPLOYEESĪbacus drafts expenses using reliable data sources such as receipts, card transactions, past behavior, CRM fields, and geolocation to ensure records are complete and accurate.ĪUTOMATE YOUR EXPENSE POLICY AND APPROVAL HIERARCHY It enables companies to reduce errors, duplicate entries, and administrative overhead. Time and expense tracking may provide multiple timesheet and expense views, configurable work time, overtime, approval, and expense reporting policies to allow organizations to effectively collect and manage time and expenses based on their unique requirements.
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