annotate transactions

Annotating transactions on the FairFX Expense Platform

Keep track of staff spending by annotating cardholder transactions in the FairFX Expense Platform and get even more transparency over your staff expenses. Annotate all of your transactions to see exactly how much staff spend, where staff use their cards, and build powerful reports. Even better, save time by getting your cardholders to annotate their own transactions on a regular basis. How annotations work 1. Annotating your transactions is a simple process. Once you’re logged into the FairFX Expense Platform click ‘Annotate transaction’ under the ‘Reports’ menu. You’ll then see a list of cardholder transactions for the current calendar month. […]

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Making bleisure work for your business

‘Bleisure’ is no longer a new buzzword. The term, meaning a combination of business and leisure travel, has garnered a lot of attention in just a few short years, and now more employees than ever are looking to mix work and play. Research by Bridgestreet Global Hospitality suggests 6 out of 10 travellers are more likely to take a bleisure trip today than five years ago, while a study by the Collinson Group reveals 72% of business travellers regularly extend their work trips for rest, relaxation and sightseeing, adding up to an average of five days over the course of […]

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Employee travel: The new office perk?

Drinks fridges, foosball tables, flexitime, bonus holidays…perks are becoming the new norm for office environments, with managers citing improved staff morale and greater productivity as key pay-offs. And many companies are taking things a step further by offering paid-for trips abroad as well. Once upon a time, businesses footing the bill for office-wide holidays overseas would make headline news, such was the rarity of such a generous offering. Now, scores of companies include an annual (or more frequent) trip abroad as part of their basic operational outgoings. A chance to regroup PR agency Liquid, for example, introduced team weekends away […]

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Relaxed expenses versus perks – which leads to a happier workforce?

Job perks are more important than they’ve ever been. According to employment website Glassdoor, more than a third of employees say extra benefits are among their top considerations before accepting a new job, while research by merchant services provider Paymentsense shows 77% of potential employees have been put off accepting a new job because they felt the perks weren’t up to scratch. Providing extra benefits for your staff can boost morale and improve productivity, especially in cash-strapped times where pay rises aren’t feasible, but they also present challenges. What should you offer, and how do you get it right? Extra […]

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Your top Business Travel questions answered

We’ve put together answers for the questions you should be asking if you’re travelling for business, managing currency for business or managing expenses. This is the start of our ultimate guide to travelling for business. Simply click on the question to get the answer. What should I use overseas? Cash, credit card or prepaid card? What are allowable expenses for employees? What is subsistence allowance when travelling for business? How should you expense business travel? Do business expense cards work in the UK? How can I save money on foreign exchange rates?   What should I use overseas? Cash, credit […]

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Manage your Facebook payments with ease

Have you got Facebook payments nailed? If you’re making regular payments to Facebook for advertising then keep track of spend per campaign/customer will be key. Choosing the right payment method can make a big difference to keeping control and making sure no invoices fall through the cracks. Many will just opt for using PayPal on the Facebook Advertising Platform. Seems convenient enough? But whilst defaulting to PayPal may seem convenient at first, tracking and managing spending can become a real headache over time. With the FairFX Prepaid Corporate Mastercard® , you can give key members of your team a prepaid card […]

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“How relocating my business overseas transformed my profits”

Could moving your business to another country be the boost that it needs to succeed? It may sound like an extreme solution – but some start-ups are considering overseas relocation to help ensure their business’ survival. Neil Cocker, co-founder of RampTshirts.com, made the decision to move his business 1,400 miles from Cardiff to Sofia, Bulgaria. What may have been considered a risky move has paid off – by moving the operational centre to Bulgaria, Neil has grown his business, which provides custom t-shirts for teams or events, by 60%. The journey from Cardiff to Sofia started in January 2016, when […]

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How to mix business and leisure and stay on the right side of HMRC

Once upon a time business trips were all about getting there and back again as soon as possible, but with technology and travel making it easier than ever before to explore the world, many are opting to mix business and leisure in a new pursuit some have dubbed ‘bleisure’. A study by Expedia Media Solutions found that 43% of all business trips, made both at home and abroad, were extended to include some kind of leisure activity, while one in three business travellers had taken a friend or partner along with them. Of course, few would pass up the opportunity […]

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Business travel: what expenses are allowed?

Travelling abroad for work often presents more challenges than business travel within the UK, but expenses shouldn’t be one of them. As a general rule, employees can claim for transport, subsistence and accommodation overseas just as they would at home, as long as they keep in mind HMRC’s ‘all or nothing rule’: to claim tax relief on business expenses they “must be incurred wholly, exclusively and necessarily in the performance of your duties”. Here’s what staff need to be wary of when travelling for work in and outside of the UK. Keep receipts Encourage staff to hold on to receipts […]

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Opportunities in Asia: The mission to keep creative industries thriving after Brexit

UK creativity will thrive after Brexit – that’s the determined stance of those working in the sector. The industry, which includes film and television, theatre, video games and fashion, is worth £84bn to the British economy. Many of these areas have relied heavily on EU funding and the freedom to move between countries but in light of the EU Referendum, work is underway to ensure the creative sector doesn’t suffer. The creative sector is one of five being prioritised by the government in its Industrial Strategy Green Paper in a bid to address the risks to long-term growth as the […]

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What does an EU divorce mean for small businesses?

It’s the beginning of a new era. Article 50 has been triggered. After much anticipation, Theresa May has started the divorce proceedings from the EU. The process of negotiating that separation will now begin in earnest. But despite some fears the pound would receive a further blow and fall against currencies around the world, it has maintained a steady footing. So, what happens to British SMEs now as they try to ‘keep calm and carry on’? Professor Vikas S. Shah, a member of the UK Industrial Development Advisory Board and an entrepreneur with 20 years’ experience in business, said there […]

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Keep your expenses form. I quit!

For two years, I was a frequent business traveller, flying around 800 miles a week. The company booked flights, hotels and parking on my behalf. I filled out an expenses form for smaller costs. It was all very easy. When the finance director went on maternity leave, an operations manager absorbed her role. It’s a family-run business and members of the senior staff often doubled up roles to fill the gaps, so a move like this wasn’t uncommon. Little did we know, an innocent, doubling-up exercise would make work really challenging.   One week, I was booked into different airport […]