Bento for Business - Simple Employee Expense Tracking and Funds Disbursement
Pros
- Track expenses by employee
- Restrict purchases based on amount and category
- Import transactions directly into QuickBooks
Cons
- All of the money on the cards is shared by everyone and can't be assigned to just one card
- They are improving classifying transactions, but sometimes they are misclassified and employees have transactions declined
- Limits are based on a day/month/week. It'd be nice if they were limited based on a single transaction too
Return on Investment
- Less time spent on expense reports
- Employees don't have to spend their own money and then get reimbursed, which can cause friction with management
- We don't have to use petty cash, which is hard to track and promotes theft
- Saves a lot of time importing expenses directly into QuickBooks
- It does take time to get used to how long transfer take and when to initiate them. Setting up auto replenishments can get expensive if you don't pay attention





