The MindSalt Blog
Trends, best practices, and tips to help control costs and increase profitability.
Your company’s financial information is crucial to its success. It needs to be accurate, up-to-date, and organized. Expense tracking software is a fantastic tool to streamline tasks related to common finance-related business practices, but not all programs are created equal. Here are three elements that set MindSalt Time & Expense apart from the competition. MindSalt…
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When most people think of timesheets, they think of logging hours worked for the purpose of getting paid. If this is the sole purpose of timesheets in your business, you’re missing out on huge opportunities. Timesheets can be used to improve project management, track productivity, and even reduce costs. To reap these benefits, though, you…
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Time and expense reporting are essential functions of every business. The processes look different in every company, but there are some commonalities among the ones that do it well. Here are four ways to streamline time and expense reporting in your business to increase efficiency, decrease staff workload, and improve the accuracy of your data.…
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Most people recognize that technology can do amazing things for a business. However, implementing new systems involves more than simply making sure your hardware is compatible and everything is configured correctly; it also means effectively onboarding your people. When making the transition to web-based expense tracking, it’s important to remember that any organizational change –…
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5 Things to Look for in an Expense Tracking Software There are many reasons to move from traditional expense tracking processes to a robust expense tracking software system, so choosing the right one is often a daunting task. There are hundreds of options available, each touting their unique features and benefits. Before you make a…
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Every business is looking for ways to operate more efficiently, improve data accuracy, and maximize revenue. One simple change to positively impact all three areas is to adopt user-friendly, accessible time and expense reporting systems. Here are three ways they will benefit your business. Time and Expense Reporting Improves Business Decisions The best business decisions…
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Time-tracking is a critical part of any business. Managers need to know that employees are accountable for their hours on the job, and team members deserve to be paid on time. Web-based timesheets are a great workplace solution that makes life easier for everyone including employees, managers, and accounting/payroll staff. Here’s everything you need to…
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Most managers are in favor of time tracking software. The increased oversight, accountability, and documentation helps ensure employees are productive. But how can you present the concept to employees without making them feel like they’re being micro-managed or that you don’t trust them? The truth is that time tracking software benefits your employees, too. Focus…
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Expense tracking is critical for the success of your business. Keeping track of expenses helps you maintain an accurate picture of your financials, pay invoices on time, and reimburse your employees promptly. However, it’s easy to fall into bad habits and disorganization in this area, resulting in lost receipts, late payments, and inaccurate project budgets.…
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Businesses of all sizes understand the importance of accurate expense tracking. However, this task is frequently sidelined in the busyness of day-to-day operations where immediate needs are front-and-center and multiple demands are competing for attention. Expense tracking software can help make this mundane task easier to manage while benefitting your business in many ways. Here’s…
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