The 5 best alternatives to Expensify in 2023

Also the app often loses marked categories when I manually enter in. To make your life easier, look for OCR technology in any expense management application you purchase. Because OCR technology reads your receipts, takes that information, and plugs it into a complete transaction that can be submitted on an expense report. Ditch the data entry, and let OCR technology do the work for you.

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Abacus

Expensify automatically categorizes your expenses (but users can customize) and displays a web dashboard that shows your spending by different categories with time references. Enjoy seamless tracking of your invoices, payments, and receipts with Akaunting’s Expensify integration – capture receipts, reconcile accounts, and save yourself the valuable time required to run your business. One of Zoho Expense’s biggest benefits is affordability, with https://bookkeeping-reviews.com/free-expensify-t/ even the top plan affordable for small businesses. Another benefit is its ease of use, with little time needed for setup or training. Good workflow capability makes it easy to route reports to the correct approvers and offers auto-sync technology, making it easy to enter data, even when offline. But because the Professional plan is billed annually, you’ll need to pay upfront based on the estimated number of plan users you expect for the year.

• There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
• You can email the site owner to let them know you were blocked.
• This settings menu allows you to manage your workspace members, issue additional Expensify Cards, and utilize this plan’s various bill pay and payment options.
• Another benefit is the simple pricing structure that eliminates the need to purchase more expensive plans to have access to product features.
• See how you can integrate Ramp with TravelPerk to get an all-in-one travel, corporate card, and expense management solution for free.

Expensify’s security features include two-factor authentication so users input a generated code when logging in. Users’ banking data is also protected by world-class security standards compliant with Privacy Shield and General Data Protection Regulation (GDPR) requirements. You will need a US business checking account if you want to enable the Expensify Card and set up direct ACH reimbursement. You will need to take a few steps to verify your business bank account and connect it to Expensify. You will also need to set aside some time and have your ID ready. If you’re not in the US, you can still use the Free Plan, but the Expensify Card and direct reimbursement will not be available.

App Privacy

Zoho Expense is affordably priced, and with a free plan, it makes it easy for freelancers and sole proprietors to use Zoho Expense, with the option to move to a more robust plan if necessary. Zoho Expense also includes an online reimbursement option that allows you to process reimbursements via ACH immediately. Certify also supports multiple languages and multiple currencies and tracks mileage, all while guaranteeing 99% uptime. Employees typically are required to scan all their receipts, log each transaction, itemize any fees and taxes, categorize the type of spending and so on. Zapier moves info between your web apps automatically, so you can focus on your most important work. By subscribing, you don’t have to worry about any kind of upgrade costs.

• I typically submit my expenses to my company using this app and within a day, everything is approved and reimbursement starts.
• This website is using a security service to protect itself from online attacks.
• ExpensePoint is an expense management and reporting software solution for companies of all sizes, from small businesses to multinational enterprises.
• If you’re ever submitting expense reports for work, the Expensify app is worth looking into you for simple tracking and quicker reimbursement.

I can see the amounts I entered for each receipt and the total does not reflect those. 3) another real BIG problem is that there is no phone number to speak to a customer service person which is extremely frustrating and very needed because it takes up to three days to have an issue resolved. For example- I have my own s Corp however paying to send expense reports to myself makes no sense. I tried undoing this but then I was unable to access past folders. Customer service via email did a poor job of explaining and didn’t refund me.

This high-rated app makes your expense reports easy and quick to do

Users can also email their receipts to to have them coded and logged. Online, open source and free accounting software for small businesses.Track your income and expenses with ease. According to Capterra, both platforms perform equally well in terms of available features but customers are happier with ExpensePoint’s customer https://bookkeeping-reviews.com/ service and ease of use. Brex has a slightly higher rating than Expensify on G2 (4.7/5 vs. 4.5/5) and performs better in most categories, such as ease of use and ease of admin, quality of support, and smart categorization. Expensify is better at mileage tracking and employee reimbursement, according to reviewers.

If you’ve read our Expensify review, you know Expensify is a solid expense management application that offers scalability and a variety of plans, making it suitable for the freelancer and growing business alike. Brex is a SaaS company that provides an integrated expense management solution and easy-to-use corporate cards. It’s geared towards startups and small businesses and large enterprises alike, providing customized financial management solutions based on their needs. Ramp is another Expensify competitor that provides companies with the right tools for better spend management and expense tracking. It offers corporate credit cards with an attractive cashback of 1.5%, which helps companies save on expenses, and enables super-fast bill payments.

Out of a dozen-plus apps that CNBC Select reviewed for our list of the best expense tracker apps, Expensify stood out for being the best app for business expenses. Its SmartScan technology automatically codes any receipt you scan and logs the expense for you. The app also links to your bank account and company credit card, tracks your mileage and categorizes your spending. Only you can decide which of these expense management and reporting applications would work best for your business. The number of employees who will be using the application, and what you want it to do (produce expense reports, eliminate expense reports, etc.) will play a big role in your decision.

With Expensify and Zapier, you can automatically organize receipts, create reports, and export data. Reimburse your employees quickly and efficiently and keep track of company expenses without wasting time on manual data entry. With Zapier, you can connect Expensify to all your other business tools to ensure a simple and seamless expense reporting process. ExpensePoint has a better overall rating on G2, compared to Expensify (4.8 vs. 4.5) and, according to reviews, is better at meeting user requirements and at providing support. It also performs better in terms of ease of setup, use, and administration, and its expense reports are easier to create. Expensify is the better option for credit card integrations and digital receipt management.

Just keep using the software and enjoy all the new features as long as your subscription lasts. Ramp is geared towards small and mid-sized businesses (SMBs) and mid-market enterprises. Similar to Divvy, it’s free as its revenue comes from merchant fees. You’ll need to upgrade to a paid plan to create a custom export format. Once you’ve created your Workspace, you will receive a message from Concierge encouraging you to chat with your Setup Specialist. Click the link in the message, and your designated Setup Specialist will guide you through how to configure your company setup.

The five apps we selected for this ranking are either free, offer a free version or have a free trial for users to test out before signing up. If you’re often bogged down by just the idea of having to do an expense report, there is software out there that can do the work for you. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The developer, Expensify, Inc., indicated that the app’s privacy practices may include handling of data as described below. Hi there, thanks for leaving a review and I’m really sorry for the inconvenience here.

The Free Plan

On Capterra, Divvy’s overall rating is better than that of Expensify (4.7/5 vs. 4.4/5). Customers found Divvy’s customer support to be excellent but mentioned that the platform could use some tweaks on its notifications (for example, for approaching spending limits) or reimbursements. Streamlined expense management is a crucial element of the financial health of any organization, so having the right expense management software solution is key. Expensify is one example – but there are many alternatives to it.

• We certainly have no intention to deceive, and would love any feedback you have on how to make pricing clearer, and what we could have done to make the tool better suited to your needs.
• Rydoo offers three competitively priced plans, with the Starter plan designed for up to 50 active users, running $7/month, per user, when billed annually.
• It’s geared towards startups and small businesses and large enterprises alike, providing customized financial management solutions based on their needs.
• Reimburse your employees quickly and efficiently and keep track of company expenses without wasting time on manual data entry.
• Next up is the Growth plan, recommended for companies with more than 50 active users.
• A good choice for any size business looking for an expense management application, ExpensePoint is an even better choice for smaller businesses with limited budgets.