General information about Expensify
Expensify is your business’s essential tool for efficient expense management. The platform offers a straightforward and innovative interface, enabling you to manage all your expense needs seamlessly.
From scanning receipts on the go to automating expense reports, Expensify consolidates all these functionalities into one intuitive platform. It also provides you with additional tools and services to optimize your financial operations, reduce manual data entry, and enhance the overall expense management process for your team.
Expensify’s software allows you to effortlessly capture receipts, track business and travel expenses, and generate detailed expense reports. It integrates with various accounting systems and software, like QuickBooks, Xero, and Sage, facilitating a smooth connection between your financial transactions and accounting records.
Expensify simplifies the intricacies of expense management for businesses of all sizes, helping them save time and improve accuracy while offering a superior expense reporting experience for their employees.
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What is Expensify used for?
Expensify is a game-changer for small businesses, streamlining the often complex process of expense management. Imagine a restaurant owner who can automatically scan and categorize receipts from food suppliers, or a consultant who can track mileage for client visits via GPS, ensuring accurate reimbursement. With real-time expense analysis, a startup can instantly spot trends and make informed budget decisions. The software's seamless integration with popular accounting systems like QuickBooks means no more manual data entry, reducing errors and saving time. Expensify is more than just an expense tracker; it's a comprehensive financial management solution that promotes efficiency and accuracy.Expensify pricing
Collect
$5
/ user / month
Unlimited SmartScans and distance tracking
Expensify Cards with Smart Limits
Bill pay invoicing
Expense approvals
Control
$9
/ user / month
NetSuite and Sage Intacct integrations
Multiple expensive approvers
SAML/SSO
Custom insights and reporting
Expensify features
Effortlessly manage expenses with Expensify’s intuitive financial tracking platform.
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Multi-currency support
Expensify supports transactions in multiple currencies, making it ideal for international business travelers. The app automatically converts foreign transactions to your home currency, simplifying reporting for trips abroad and reducing currency conversion headaches.
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Integration with accounting software
Expensify seamlessly integrates with popular accounting software like QuickBooks, Xero, and Sage. This integration enables automatic data transfer between Expensify and your accounting system, ensuring consistent financial records and simplifying the accounting process.
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Policy compliance checks
Ensure expense policy compliance with Expensify. Set up custom rules, and the app will automatically flag any expenses that violate company policies, helping to maintain financial integrity and prevent policy breaches.
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Receipt scanning
Expensify’s receipt scanning feature uses advanced OCR technology to extract transaction details from receipts in seconds. Simply snap a photo of your receipt, and the app automatically categorizes and adds it to your expense report, eliminating manual entry.
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Mileage tracking
Keep track of travel expenses with Expensify’s mileage tracking. Use your smartphone’s GPS to accurately log miles for business trips. This feature simplifies mileage reimbursement and provides detailed reports for tax purposes or expense reporting.
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Credit card integration
Link your credit card to Expensify for real-time expense tracking. Every transaction made on the linked card is automatically imported, categorized, and added to an expense report, offering a seamless way to manage corporate expenses without manual data entry.
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Automated expense reports
Create and submit expense reports with ease. Expensify automates report generation, categorizes expenses, and compules them into comprehensive reports. This feature streamlines the approval process and ensures timely reimbursements, making expense reporting hassle-free for both employees and managers.
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Corporate card reconciliation
Streamline your company’s spending with corporate card reconciliations. Expensify matches card transactions with receipts and reports, ensuring accurate and compliant financial records. This feature is essential for businesses looking to maintain clear and organized financial accounts.
20 Expensify Reviews
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Cynthia Rodriguez
Utilized Expensify for my NY Trip
I used Expensify for my job interview trip to NY. All my expenses including airfare, meals, hotel, Airbnb, and car transportation were managed through my Expensify account. I was reimbursed the next day after my trip as all my expenditures were transparent to my prospective employer.
August 18, 2024
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Margaret
SmartScan: Automating Expense Entry for Time-Saving Efficiency
The SmartScan feature is a time-saver. It automatically reads receipt details and creates an expense, eliminating the need for manual entry
August 12, 2024
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Daphne M
Expensify: Transparent and Efficient Expense Management
I appreciate the transparency that Expensify provides. The real-time expense reports give me a clear overview of my spending, helping me to better manage my budget
August 3, 2024
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Stellan G
Expensify: An Essential Tool for Managing Team Expenses
As a small business owner, I've found Expensify to be an essential tool for managing my team's expenses. The approval workflow feature ensures that all expenses are properly reviewed and approved before they are reimbursed
July 29, 2024
Expensify: Pros & Cons
Pros
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Integration capabilities: The platform offers robust integration with a wide range of accounting software, payment systems, and travel apps
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Automated processes: Expensify automates various aspects of expense management, including receipt scanning and expense report creation
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User-friendly interface: Expensify is designed with a straightforward, intuitive interface that is easy for users of all technical skill levels to navigate
Cons
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Cost considerations: While Expensify offers valuable features, its pricing can be a concern for small businesses or individuals
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Limited customization: Some users may find the customization options in Expensify limited
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Occasional software glitches: Like any software, Expensify can experience technical glitches or issues with syncing data
Why is Expensify better than other Accounting software?
Expensify is a better solution based on percentage of positive reviews than QuickBooks: 89 vs 85
Expensify is easier to set up than QuickBooks: 4.5 vs 4.0
Expensify is better at number of features than Ramp: 85 vs 46
Expensify has better positive reviews than Brex: 89 vs 88
Expensify has more options than Brex: 85 vs 9
Expensify is a better solution based on percentage of positive reviews than Zoho: 89 vs 85
Expensify has more positive reviews than Qonto: 89 vs 85
Expensify has more features than Qonto: 85 vs 52
