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Explore insightful articles, tips, and industry-leading finance news. Take a deep dive into what we do best — expense management, financial processes, spend optimization, and much more.

The best way to achieve long-term financial goals for your small business

The best way to achieve long-term financial goals for your small business

Running a small business comes with its own unique set of financial challenges, and achieving long-term success requires more than just handling short-term needs. To ensure sustained growth, you need a comprehensive strategy for setting financial goals that not only address day-to-day operations but also paves the way for future growth. The good news is that crafting this strategy doesn’t have to be difficult or overly complicated. With the right approach, you can create a plan that’s both effective and easy to manage. This blog will show you how.

Can I write off business expenses on my personal taxes?

Can I write off business expenses on my personal taxes?

Tax season can be a tricky time for self-employed individuals, freelancers, and small business owners. The concept of tax deductions is particularly enticing when you think about reducing the amount you owe to the IRS. But what expenses can you actually write off? If you're asking yourself whether you can deduct business expenses on your personal taxes, you're not alone. In this blog post, we’ll break down the tax implications of business versus personal expenses, explore common deductions, explain how to report your expenses, and highlight the benefits of accurate record-keeping.

40+ business travel statistics for 2024

40+ business travel statistics for 2024

Whether you're a seasoned business traveler or preparing for your maiden corporate voyage, staying up-to-date with key business travel data is crucial. Making informed decisions based on relevant stats can save you not just time and money but also the occasional travel-induced headache. To help you stay informed, we’ve compiled over 40 business travel and tourism statistics for 2024, covering topics such as the average business trip cost and the rise of “bleisure.”

To help you stay in the loop, we’ve compiled over 40 business travel statistics, ranging from the average business trip cost to the rise of “bleisure.” Let's dive in and see how they can impact your next business trip.

Credit card reconciliation: Your business’s complete guide

Credit card reconciliation: Your business’s complete guide

Corporate cards are indispensable when running a business — but so is keeping tabs on those business expenses. That's where credit card reconciliation comes in. Reconciling credit cards isn’t just about balancing numbers; it’s about unlocking insights into your spending and keeping your financials spotless.

Whether you're a small business owner or managing a finance team, our handy guide demystifies credit card reconciliation. We’ll ensure you're well-equipped to tackle this task with confidence and ease.

Indirect spend vs. direct spend in your company expenses

Indirect spend vs. direct spend in your company expenses

Knowing the nuances of spending categories is crucial for maintaining financial health and optimizing your budget. In this blog post, we’ll explore the differences between direct spend vs indirect spend and how understanding these different expense types can help businesses better navigate their financial landscape and maintain a healthy bottom line.

Expense management vs. spend management

Expense management vs. spend management

When diving into the world of business finance and operational efficiency, two terms often emerge front and center: expense management and spend management. Though they might sound similar, and are sometimes used interchangeably, they each play unique roles in shaping a company's financial strategy. 

Opportunity cost formula + how to calculate it for your business

Opportunity cost formula + how to calculate it for your business

Opportunity cost helps in making informed decisions that can maximize profit and efficiency. In this blog post, we will break down the opportunity cost formula, explain its components, and provide practical examples of its application in business.

Scaling Onyx (a postmortem)

Scaling Onyx (a postmortem)

Though it seems to be firmly behind us, I wanted to quickly take a moment to apologize for some performance and reliability issues we had a couple weeks back.  We understand how critical our service is to your daily operations, and we're deeply sorry for any inconvenience this may have caused.  In the spirit of transparency, here are comprehensive details on what happened, how it was fixed, and how we will ensure better reliability going forward.

Unlimited centrally-issued virtual cards are here

Unlimited centrally-issued virtual cards are here

Expensify Admins can now issue unlimited virtual cards to anyone in their workspace. By assigning custom limits to virtual cards, managing spend on subscriptions, trips, and one-time purchases has never been easier. Take a look at the incredible benefits and setup virtual cards in minutes.

Expensify unleashes unlimited virtual corporate cards: total control at your fingertips

Expensify unleashes unlimited virtual corporate cards: total control at your fingertips

Discover the future of expense management with Expensify's latest innovation – unlimited virtual corporate cards. Exercise precise control over spending with fixed or monthly limits, personalized card names, and easy employee assignments.

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