Justworks, a benefits, payroll and HR technology provider, has launched Expenses, an expense management tool that Justworks PEO customers can use to process expense reimbursement requests alongside payroll. Expenses consolidates tools and minimizes the risk of error when reimbursing employees for out of pocket expenses.
Administrators can set up approval workflows and custom rules, providing structure for employees and simplifying the reconciliation process for accountants. Additional features allow employees to easily create expenses on the go with the Justworks mobile app (iOS or Android), including taking pictures of receipts. Business management can gain accurate financial insights by categorizing and analyzing expenses alongside payroll data. “With Expenses, documentation and payment are centralized, saving time for everyone at the company,” Justworks said in a statement.
Justworks surveyed its users and found that more than 50% of its PEO customers leverage email and spreadsheets to manage expense reimbursement requests. To help consolidate tools for small business leaders and their employees, minimize the risk of error around expenses, and help employees create expenses on the go, Justworks created Expenses as a tech-forward, intuitive, and easy-to-use solution. Rather than integrating with an external expense management solution, which requires leaders and employees to learn and/or manage yet another software product, Justworks built its own expense management tool the Justworks way: simple to set-up and easy-to-use with support for employers and employees.
Expenses will be available to Justworks PEO customers starting July 24, 2023 (both on the Basic and Plus plans) at no additional cost. Only W-2 employees on the Justworks PEO can use Expenses at launch.
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Tags: Accounting, Benefits, Payroll, Small Business
