![]() It can also reduce the amount of time it takes to collect and report project data, manage timesheets and remote data entry. It enables companies to reduce errors, duplicate entries, and administrative overhead. Time and expense tracking may provide multiple timesheet and expense views, configurable work time, overtime, approval, and expense reporting policies to allow organizations to effectively collect and manage time and expenses based on their unique requirements. Time & Expense Tracking Time and expense tracking is the process of recording and tracking hours worked and expenses as they relate to projects.Tax Claim Helps with tax reclaim on expenses and maximizes the tax benefit of the organization.Mileage Tracking Facilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports.Due to the third-party APIs the developers are able to build a new solution in a shorter period of time, using already existing components instead of creating a code for new ones from scratch. But theres a lot of power underneath the hood and were able to use Abacus for expense management, expense reporting analytics, candidate recruiting expenses. Third-party Integration Third-party integration means addition of necessary external data to an existing project using different APIs (Application Program Interfaces).Expenses not in compliance are automatically flagged or rejected. Abacus processes next-day reimbursements, enforces your expense policy, reconciles corporate cards, and syncs with your accounting software. By leveraging the data collected as expenses are submitted, managers get instant visibility into employee spend. We help our customers so they can help their teams. Abacus is replacing the expense report with the first real-time employee expense solution. And that's why we build travel and expense management solutions to eliminate manual, time-consuming tasks to increase spend visibility and help drive better financial outcomes. Expense Approval Managers can review and approve expense reports. When companies optimize and control their spend and free up employees' time, everyone wins. ![]()
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