What is the Difference Between Disallowable and Allowable Expenses?
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Expenses
Fed up with spending time managing your company's expenses? PayFit's expense feature allows you to manage your expenses efficiently and view their impact on payroll in real-time.
Simplify claims for employees
Employee expenses management, the easier way
PayFit’s powerful cloud-based mobile functionality lets employees submit expenses on the go. They simply take a picture of their receipt, upload it with a name and category via a self-serve portal, and submit…that’s it.
Optical character recognition (OCR) automatically detects and inputs the relevant information from the photo of the receipt. Alternatively, there’s the option to manually input the expense details too.
Growing as a business and employees travelling abroad means foreign currency expense claims. PayFit’s expense software automatically converts the original amount into GBP, saving both you and your employees time.
Delegate expenses to managers
Assign approval rights and permissions to managers
Take expenses management off your plate by assigning approval rights to managers, allowing them to take control of their team’s expenses, and you to spend more time on impactful projects.
When an employee uploads an expense, their manager is notified. Managers can view whether the expense submitted meets the company's expense policy and can approve or deny it accordingly.
Once an expense is approved by their manager, it’s added to the employee’s payslip, and paid automatically on the next payday. No more questions from staff asking when their expenses will be repaid.
Eliminate paper receipts & spreadsheets
Say goodbye to cumbersome processes of old
The days of stapling receipts to expenses forms are well and truly gone. Once an expense is approved by a manager using PayFit, employees can ditch the receipts, improving processes and reducing desktop clutter.
Effective company expense tracking is made simpler with PayFit. Admins can define company expense policy rules within the platform and will receive an alert if an expense is submitted that exceeds limits.
View all expenses submitted each month in one place with a pre-built dashboard. And for even greater insight, create custom reports for the company as a whole, a specific team, across a month, quarter or year.
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PayFit doesn't only automate payroll management, it also offers HR features and integrations with other software for seamless processes.
