“It does a lot of the heavy lifting for me, and it’s super simple and quick to use - so I’m not up for days doing expense reports or taxes.” “Expensify does a great job of pre-organizing receipts, but you can organize them to your liking in the app as well,” noted Tawnya Schultz, financial freedom coach at The Money Life Coach. In our conversations with small business owners, Expensify was the name that popped up most consistently. Expensify is a popular all-in-one receipt-tracking solution. After asking business owners for recommendations, we’re highlighting six options with features and functionality to suit various business types and professionals. Numerous receipt-tracking apps are available they range from free ones with limited features to advanced solutions requiring monthly subscriptions. With a group/company plan, employers can also integrate with their accounting software, including QuickBooks, Xero, NetSuite and others.The best digital receipt tools are available as both iPhone apps and Android apps. "Control" is $9 per employee, per month and, in addition to all of the above, manages approval workflows."Collect" is $5 per employee, per month and, in addition to the above for individuals, automates receipt collection and reimbursement, auto-syncs to accounting software and offers free Expensify card with auto-reconciliation."Submit" is $4.99 per month and, in addition to the above, automatically submits reports for reimbursement, submits receipts."Track" is $4.99 per month, with unlimited SmartScans, automatic mileage tracking and categorizing expenses. Here is a breakdown of the different plan options for individuals and groups/companies. For unlimited SmartScans (plus more), pricing is as follows: six-week free trial after that, the price ranges from $4.99 per month for individuals and starts at $5 per user, per month for groups/companies. (See our methodology for more information on how we choose the best expense tracker apps.) Expensify app reviewĮxpensify is free to use for up to 25 SmartScans of receipts per month. The app also links to your bank account and company credit card, tracks your mileage and categorizes your spending.īelow, CNBC Select reviews the Expensify app to give you all the details on its features, including the tools, perks, safety, pricing, availability and ratings so you can decide if it is the right app for your expense reporting needs. Its SmartScan technology automatically codes any receipt you scan and logs the expense for you. 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. 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. Investing +More All Investing Best IRA Accounts Best Roth IRA Accounts Best Investing Apps Best Free Stock Trading Platforms Best Robo-Advisors Index Funds Mutual Funds ETFs BondsĮmployees typically are required to scan all their receipts, log each transaction, itemize any fees and taxes, categorize the type of spending and so on. Help for Low Credit Scores +More All Help for Low Credit Scores Best Credit Cards for Bad Credit Best Personal Loans for Bad Credit Best Debt Consolidation Loans for Bad Credit Personal Loans if You Don't Have Credit Best Credit Cards for Building Credit Personal Loans for 580 Credit Score Lower Personal Loans for 670 Credit Score or Lower Best Mortgages for Bad Credit Best Hardship Loans How to Boost Your Credit Score Taxes +More All Taxes Filing For Free Best Tax Software Best Tax Software for Small Businesses Tax Refunds Tax Brackets Tax Tips Taxes By State Tax Payment Plans Personal Finance +More All Personal Finance Best Budgeting Apps Best Expense Tracker Apps Best Money Transfer Apps Best Resale Apps and Sites Buy Now Pay Later (BNPL) Apps Best Debt ReliefĬredit Monitoring +More All Credit Monitoring Best Credit Monitoring Services Best Identity Theft Protection How to Boost Your Credit Score Best Credit Repair Companies Best Mortgages for Average Credit Score.Best Loans to Refinance Credit Card Debt.
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