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Biggest Bookkeeping Mistakes Small Businesses Make

Bookkeeping Express

The entire purpose of setting up an LLC, S-Corp, or other structure is to protect the owners’ personal funds in the event of lawsuits or bankruptcy, but when business and personal funds are mixed, those protections may be lost. Failing to collect or pay taxes on time can result in serious financial penalties from the government.

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6 Ways Business Virtual Cards Can Be Used for Enterprises

Spenmo

The monetary limits set for each account also mitigate the damage of exhausting your credit and dealing with aggressive suppliers during collections. Act as a business travel card for employees You can use a virtual card to book flights, hotels, and even transportation for employees representing you in business events or trips.

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2023-2024: Top 10 Expense Management Tools

Invoicera

Collect plan – Starts at $5 per month Control plan – Starts at $9 a month 5. This ensures that in the event of data loss or system failure, your information remains intact and accessible. Data Backup and Recovery: A reliable tool should offer frequent data backups and a robust recovery system.

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The Ultimate Expense Management Guide for Businesses

Nanonets

Client Entertainment: Maximum of $100 per person per event. With a culture emphasizing transparency and responsibility, Salesforce has cultivated an environment where expense management is not seen as a bureaucratic hurdle but as a reflection of their collective values. Office Supplies: Not exceeding $50 per month per employee.