Fil Money embeds a very powerful tool to assist (i) individual Fil Tribers to keep track of their expenses, as much as (ii) companies to funnel and manage all expenses beard from all employees.
There are -in fact- 2 angles to look at expenses. The individual/spot angle: what happens to the person who physically performs -or receives- a payment? The Tribe angle: how does the overall cash flow look like? How to optimize its management?
TRACK EXPENSE ON THE SPOT
Anyone can track any expense right on the spot. Amount, location, expense type, related customer and project are recorded in an eye blink. Add a picture of the receipt or invoice and forget about it.
All employees' expenses get funneled into a unique list (together also with in/out invoices), to allow a very comprehensive cash flow outlook.
The Company can approve single expenses or search them per employee, timeframe, project, contact, payee, etc... to proceed with grouped approvals.
The Company can pay single expenses or search them per employee, timeframe, project, contact, payee, etc... to proceed with grouped reimbursements. The company debited account detail can be added here.
Expenses appear in a different list that either the admin department or an external accountant will use to register finalized records in the Company Accounting Books.
Enjoy automatic mini-P&Ls about specific projects, teams, tasks, etc... No matter whether you are a Company or an Individual.