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Source documents definition

Accounting Tools

Cash Register Tape A cash register tape can be used as evidence of cash sales, which supports the recordation of a sale transaction. Credit Card Receipt A credit card receipt can be used as evidence for a disbursement of funds from petty cash.

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What is tail spend and how to manage it?

Nanonets

The low-value, non-core, and non-strategic purchases may be typically classified into four types: Petty cash and expense items are at the bottom of the tail spend chain, comprising day-to-day expenses that an organization needs to operate, such as lunches, taxis, fuel, and travel-related sundry items.

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2023-2024: Top 10 Expense Management Tools

Invoicera

This ensures that in the event of data loss or system failure, your information remains intact and accessible. Collect plan – Starts at $5 per month Control plan – Starts at $9 a month 5. 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. Spending Limits: Travel: Limited to $200 per day for accommodation, $50 for meals, and $300 for flight tickets (economy class). Software Subscriptions: Up to $500 annually per employee for professional development-related subscriptions.