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#财务合规

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May 6Tue
  1. SAP Concur Blog

    SAP Concur Explains the Difference Between Accrued and Accrual Accounting

    SAP Concur published an article explaining the difference between 'accrued' and 'accrual' in accounting. Accrued refers to expenses or revenues incurred but not yet recorded, such as wages payable, utilities payable and interest payable. Accrual is an accounting method that recognizes money spent and earned when it happens, using the matching principle to record related revenues and expenses in the same period. The article says accrual accounting is preferred under GAAP but involves more work and higher error risk, and describes how SAP Concur solutions automate travel and expense and invoice management.

Nov 30Thu
  1. SAP Concur Blog

    SAP Concur: How to Keep Track of Business Expenses Effectively

    SAP Concur published an article outlining the importance and best practices of effectively tracking business expenses. The article notes that accurate expense tracking delivers multiple benefits: stronger financial records for audits, better financing capability, improved financial transparency, more accurate financial planning, tax benefits, and fraud identification. Best practices include opening a business bank account, selecting the right accounting system, managing receipts, connecting financial institutions, and establishing performance measures. The article also lists common types of expense fraud (fake expenses, double billing, filing personal expenses, refund reimbursement, inflate…