When your staff are working from home, how do you track their work-related expenses and get a clear real-time picture of your financials?
Contractors are in the habit of recording business expenses related to the home office for tax reasons. Employees, however do not claim deductions because the employer pays for these expenses.
Xero have launched two new features to help make expense management easier. These features automate the process of recording work-related costs such as couriers, work calls, mileage or internet, in order for you to approve and reimburse them.
If you’re already using Xero Expenses, you can activate this feature by going into the Expenses settings and assigning the relevant bank accounts for each employee.
Click here to read more on Xero’s blog.