As a business owner, it’s important to keep track of expenses. This helps you know where your money is going and makes sure that you don’t go over budget.
While you can use paper receipts (and they do have their place) using an expense management tool can help save time, make reports easier to read, and give you peace of mind knowing all your transactions are recorded correctly.
We’ve compiled some of the best features of the Lenco expense management tool for SMEs in this article so that you can decide which one is right for your needs.
1. Exporting and Importing Expenses
Exporting and importing expenses is a great way to consolidate your reports, create a budget and get an overview of how you’re spending your money.
For example, if you want to see all of the expenses made by specific accounts in one place, exporting them is an easy way to do it. You can export all of the expenses from any account into one report that shows every line item for each account (or group).
This will also allow you to create new reports on top of this data since it’s already there in one place; no need for copying across multiple files or spreadsheets!
2. Automated Receipts and Reports
Receipts are automatically uploaded to the system and available for users to view on their mobile devices. Receipts can also be sent directly to accountants and auditors, who will receive notifications when new receipts are created or edited.
3. Smart Phone Application
It’s not just about being able to track your expenses. You also need to be able to view them in real-time, making sure that you’re not overspending or underpaying for services.
The Lenco Expense Management Tool has a mobile app that allows users to enter their expenses on the go and then view them later from their phones.
This means that it’s easy for anyone who works remotely or travels often because they can access their finances anywhere they are without having to worry about carrying around a laptop or other devices.
The best part? The app is available on both iOS and Android! So if your employer offers either one of these operating systems at work, then this tool will work perfectly well with your schedule too!
4. Greater User Adoption
Lenco is an expense management tool that’s easy to use, affordable, cloud-based, and mobile-friendly. It’s also available on all major operating systems: Windows, Mac OS X, and Linux.
The best part about Lenco? You don’t have to be an IT professional or programmer to get started with it! In fact, Lenco has been designed so that even non-technical users can understand how it works.
This makes it a great choice for businesses of all sizes—from small organizations up to medium-sized businesses with budgets over $2 million per year in total spending.
5. Budget Management
Budget management is a key feature of the Lenco expense management tool. It helps you to monitor your spending and stay within budget, saving time and money as well as helping you meet business goals.
Budgeting is an important part of managing your finances because it allows you to plan ahead so that there are no surprises when it comes time for bills or expenses like car payments or credit card bills.
A good budgeting tool should also make it easy for users who don’t have a lot of experience with spreadsheets or other forms of financial planning software. If this sounds like something that could be useful for your business then check out our list below!
Lenco is the best expense management tool for small businesses
Lenco is the best expense management tool for small businesses. It’s a cloud-based, web-based, and mobile app-based expense management tool that helps you manage your expenses and improve your bottom line.
Lenco is a powerful, easy-to-use, and affordable solution that allows you to track every purchase in real-time while also providing analytics so you can see where your money is going.
Switch to Lenco today for a better business experience!
In summary, Lenco’s expense management tool is an ideal solution for SMEs and small businesses. It helps you to achieve budgeting and forecasting effectively, while also providing a number of additional features that make your life easier as well as help to reduce fraud.
If you are looking for an expense management tool that can help you with this task then we strongly recommend taking a look at Lenco’s product range today!