As an accountant in practice or as part of an internal finance team, you need to be able to close books quickly, maintain compliance obligations, and routinely gather insights to improve business performance.
This latest upgrade to Spenmo's accounting page will help you to more accurately account for company expenses from bills, employee reimbursements, and corporate card charges, enabling you to close your books and generate financial reports in no time.
Take a look at the video below for the latest developments on our accounting page.
On the Accounting Page from the Spenmo dashboard, you'll find a tab labelled "Incomplete Details". This houses all transactions requiring additional information before they are reconciled or exported to your accounting software.
Select multiple transactions that require additional information and edit them in bulk.
For example, all transportation expenses without an assigned expense category may be selected and tagged under "transportation."
Filter according to transactions with missing receipts and send email reminders to employees.
Before you reconcile employees' accounts, check that they have submitted the correct attachments and information from the "Ready To Review" tab.
Review each transaction code, and then add it to the queue for reconciliation once you are satisfied with its details.
Never lose track of your transactions once they are in the queue for reconciliation in Xero. View the status of all queued transactions in one place and instantly spot sync errors.
Not using Xero? Easily export transactions and bank statements into your preferred accounting software.
At Spenmo, we take pride in providing CFO teams with the automation tools they need to remove the manual and redundant work in their finance and accounting processes and, ultimately, help them generate reports faster. By doing so, businesses have the accurate information they need to make sound decisions when they need it the most.
With this latest product upgrade, our goal is to help you achieve maximum visibility and control over your accounting process. If you would like to learn more about how our software could help your team and business, please talk to us for a demo.