Last Updated
Overview
Expensify manages expenses and transactions in real-time by offering account summaries, date calendars, and transparency features. It also provides powerful tools for tracking travel expenses. While it may have a learning curve and limited customization options, it meets the needs of most businesses effectively.
Overall Rating
Based on 25 users reviews
4.3
Rating Distribution
Positive
88%
Neutral
8%
Negative
4%
Starting Price
Custom
Expensify Specifications
- Financial Reporting
- Invoice Management
- Expense Tracking
- Tax Management
What is Expensify?
Overview
Expensify is a cloud-based business accounting system designed to help users manage spends, transactions, and related financial matters using real-time data processing. The platform offers user-friendly tools to maintain business-wide transparency, track expenses and different ratios such as debt-to-income ratios by keeping summaries of multiple accounts and date calendars. Expensify offers easy currency conversions for international traveling and purchases receipt photos or copies for accurate records to prevent any crisis or undesirable situation.
Users can track travel expenses by calculating the amount of time spent by a user on a particular project or by calculating the miles that personnel has traveled. It helps users to automate the entire expense calculation process in order to save time and physical resources as well as minimize any errors.
Integration with Quickbooks, Xero, NetSuite, Sage Intacct, and Dynamics, etc. is facilitated. Complete support for all Android and iOS powered smartphones and tablets is offered.
Pricing: Two pricing packages are offered, Team for $5/user, Corporate for $9/active user, and Enterprise, the pricing for which is provided by quote.
USP: The solution offers powerful tools to track your travel expenses based on the miles traveled or the amount of time spent on a particular project.
Support: Support is provided via phone and email.
Product Advantages: Easy implementation. User-friendly UI. Great affordable pricing. Image scanning extracts the relevant information.
Product Limitations: Integration is not very smooth, a lot of key things missing. Customer support is scarce. Processing large reports is slow and causes the system to crash or freeze at times.
Pros And Cons of Expensify
Pros
The OCR feature automates the expense entry process by reading and inputting data from receipts
The mobile app is highly rated for its intuitive design and functionality
Streamlines the expense approval process for administrators to review and approve expenses
Integrates well with accounting software for managing financial data across different platforms
Cons
Occasional problems with credit card synchronization, leading to delayed data imports
Lacks advanced customization options for larger organizations
Expensify Reviews
Total 25 reviews
4.3
All reviews are from verified customers
Rating Distribution
5
Stars60%
4
Stars28%
3
Stars0%
2
Stars8%
1
Stars4%
Share your experience
Marketing and Advertising, 51-100 employees
More than a year
“A game changer when we implemented it”
Pros
App functionality, scanning and recognition, is quite clever in remembering my recurring expenses and VAT allocations, saving time on all tasks: from creating reports to finance verifying and processing my reimbursements.
Cons
I require different profiles for separate setups in various countries I frequently travel to.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
9
Marketing and Advertising, 1-10 employees
More than a year
“Expensify for Small Businesses”
Pros
Expensify was simple to tailor (both fields and groups for employees), allowing us to align it perfectly with our needs and establish distinct parameters for various employee groups. The mobile functionalities are also incredibly handy.
Cons
I find it beneficial to personalize some of the automated report submissions and set various reminders for employees.
Rating Distribution
Ease of use
8
Value for money
8
Customer Support
8
Functionality
8
Non-Profit Organization Management, 11-50 employees
More than a year
“Good Tool. Gone Woke”
Pros
We adored this tool. It performed exceptionally well for our nonprofit, seamlessly integrating with credit cards and payment systems.
Cons
Two things bothered me about Expensify. First, they started integrating DEI into their marketing, prominently featuring BLM materials on their site. I prefer they focus solely on processing receipts rather than pushing progressive ideals. Second, I couldn't connect with my primary banks anymore.
Rating Distribution
Ease of use
10
Value for money
4
Customer Support
10
Functionality
10
Frequently Asked Questions
Does Expensify offer an API?
Yes, Expensify offers an API.
What language does Expensify support?
Expensify primarily supports English, but it can be used in various languages depending on user preferences and the regions where it's deployed.
What other apps does Expensify integrate with?
Expensify integrates with a wide range of popular services, including accounting software like QuickBooks, Xero, NetSuite, and Sage Intacct. It also connects with HR platforms like Gusto.
Does Expensify support mobile devices?
Yes, Expensify supports mobile devices through its dedicated app.
What types of pricing plans does Expensify offer?
Expensify offers two annual subscription plans, the ‘Collect Plan’ starting at $5 per user per month, and the ‘Control Plan’ starting at $9 per user per month. Get in touch with us to get a personalized Expensify pricing quote.
Who are the typical users of Expensify?
The typical users of Expensify include startups, non-profit organizations, finance teams, churches, small businesses, and legal and finance teams.
What level of support does Expensify offer?
Expensify offers phone, email, 24/7 chat, and video call support.