Paybackable.com Makes it Simple to Reimburse Employees for Business Expenses and Mileage

Easy to use web site automates the tracking and reimbursement of out-of-pocket and mileage expenses.

Mountain View, CA (PRWEB) May 21, 2008 -- For small businesses, having employees brings a lot of extra overhead, including payroll, taxes, workers compensation insurance, and more. Even something as simple as reimbursing employees for business expenses and mileage can be a pain. Many businesses still rely on paper forms and spreadsheets. If they look for software help, they tend to find expensive, overly complex solutions that focus on big-company needs like "operational cost control" and "policy enforcement."

If only there were a simple solution that reduces the time and hassle of reimbursing business expenses, that's easy to use for both employees and the business owner and doesn't cost an arm and a leg.

We've found that customers can reduce the total time of handling an expense report - from an employee creating it to the owner or bookkeeper processing it - from more than 30 minutes to around 5

Now there is. Introducing Paybackable.com , a simple online expense reporting web site that lets business owners and their employees track and reimburse out-of-pocket and mileage expenses. Created by a founding team with years of experience building QuickBooks and Quicken, Paybackable keeps the task of reimbursing people for business expenses as simple as possible.

"We've found that customers can reduce the total time of handling an expense report - from an employee creating it to the owner or bookkeeper processing it - from more than 30 minutes to around 5," said Kevin Reeth, co-founder of Paybackable. "That kind of time adds up quickly when you have several employees or folks who do a lot of traveling."

Get started in 2 minutes:
Getting started with Paybackable is as easy as filling out some basic login information and picking a set of categories to use. That's it - you're ready to start tracking expenses or adding employees.

Add employees in a single step:
Just enter the email address for each employee, and they'll receive a personalized invitation to sign up under your company account. Everything is set up for them to get started.

Smart transaction entry saves time!:

• Change dates quickly using keyboard shortcuts.
• Remembers prior transactions after only a couple of keystrokes.
• Have your transactions automatically categorized.
• Get your mileage expense automatically calculated based on the correct IRS rate.

Send your data to leading accounting software:
You can export your expense reports to a comma separated file or QuickBooks' IIF format, making it easy to keep your financial records up to date.

Pricing and availability:
Paybackable.com is available on the web and offers a free plan for individuals. There are also plans for companies with employees that start at only $5.95 per month - all of which can be tried free for 30 days.

For more information:
Press inquiries: http://paybackable.com/press
Product tour: http://paybackable.com/product_tour
Blog: http://blog.paybackable.com

Contact:
Kevin Reeth
(Kevin @ paybackable.com)
408-515-2926

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