Expensify

Expensify

25 Review(s)

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

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

Frequently Asked Questions

Yes, Expensify offers an API.

Expensify primarily supports English, but it can be used in various languages depending on user preferences and the regions where it's deployed.

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.

Yes, Expensify supports mobile devices through its dedicated app.

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.

The typical users of Expensify include startups, non-profit organizations, finance teams, churches, small businesses, and legal and finance teams.

Expensify offers phone, email, 24/7 chat, and video call support.