Expense Reporting

Hectic travel schedules often mean that expense reporting is an afterthought for many sales people. Moreover, employees struggle to generate expense reports on time, and supervisors find it challenging to review and approve them promptly.

NetSuite eliminates the hassle traditionally associated with expense reporting. Now, both on-site and remote workers can file standardized expense reports online, and supervisors can review and approve them in the same way. As a result, you accelerate the expense reporting and payment process throughout your company.

Benefits:

• Boost employee morale by ensuring that expenses are reviewed, approved and paid promptly.
• Standardized expense reports make it easier for you to process and track costs. As a result, costs are reflected in current profit and loss statements, giving you a clearer picture of your financial position.
• Online self-service means that employees can check the status of expense reports day or night—without burdening your accounting staff.

Features:

• Employees submit expense reports online via a standardized format, making it easier for accounting, management and other parties to assess expenses.
• Supervisors receive reminders as expense reports are filed; once approved, expense reports are automatically processed and paid.
• Employees can check the status of their expense reports online and in real time.
• Support for multiple currencies means that expenses are paid in the currency in which they were incurred (Canadian dollars, for example). NetSuite's wholesale distribution solution also supports multiple currencies within a single report.