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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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The top 15 best expense management software in 2023

Nanonets

SAP Concur SAP Concur is a holistic expense management solution that automates spending process so that businesses can run efficiently. It integrates travel, expense, and invoice management and offers robust reporting capabilities, policy enforcement, and approval workflows.

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The Ultimate Expense Management Guide for Businesses

Nanonets

Handling exchange rates, compliance with foreign regulations, and reconciling multicurrency transactions require specialized tools and expertise. Moreover, for businesses operating internationally, managing expenses in multiple currencies can be intricate.