5 Reasons To Expense As You Go

With Christmas rush madness almost upon us, now is not the time to be lax about routine-but-important tasks. Here it is – why you should keep on top of expenses as you go.

1. No more paper receipts in your wallet
   There is literally no reason you should hold onto paper receipts for expenses. The IRD has accepted digital copies of receipts for quite some time. That should be reason enough, but here’s 4 more anyway.
2. Be an early adopter
   Paper receipts belong back when you had to book a taxi over the phone or write a cheque for…whatever people used cheques for. Be seen as a trailblazer at meetings and get your receipt sent directly to your phone.
3. The end of month end
   The only thing worse than sorting out your receipts at month-end is the thought of doing it. Code on the go for a clear wallet and a clear mind.
4. Make the most of your expenses
   Because you’re coding expenses on the go, descriptions are going to be accurate. Use that data to track the return on your investment. Ask yourself, is Bill really worth all those coffees?
5. Get the best from your accountant/bookkeeper
   The person who runs your accounts has an intimate knowledge about the state your business that you may not. Spend the time you have with them getting helpful advice, instead of reminiscing the first week of June when you went crazy on the company card.

Save time and keep on top of your expenses with Paypr – The fastest way to get your receipts into Xero.

Originally Published on LinkedIn