Both platforms automatically categorize and tag transactions, making it easy to track and analyze spending. If you work for a mission-driven organization, you probably have enough on your mind without also needing to worry about tracking receipts and getting reimbursed. But in the busy world of accounting for nonprofit organizations, expense management often gets accounting services for nonprofit organizations overlooked as a valuable place to save time and money. The Collect plan is designed for small businesses seeking advanced workflows and efficient expense management. It offers unlimited SmartScans, distance tracking, and Expensify Cards with Smart Limits. Additionally, it provides bill pay, invoicing, and expense approvals, ensuring seamless financial operations.
Expensify Control Plan
The mobile app allows you to manage expenses, scan receipts, and generate reports from anywhere. I loved the convenience of being able to handle my expenses while traveling, ensuring that I never missed a receipt or lost track of my spending. It’s a powerful tool for busy professionals who need to stay organized on the move. Zoho Expense, on the other hand, is another cloud-based expense management software that offers a range of features to help businesses manage their expenses more efficiently. Its free plan provides unlimited receipt tracking and expense management. It also provides one-click receipt scanning and credit card transaction import.
Receive Expenses
Its user-friendly interface and robust features make it an invaluable tool for businesses aiming to simplify financial workflows. We took a close look at one top-rated expense-management platform, Ramp, which like Expensify, comes with https://greatercollinwood.org/main-benefits-of-accounting-services-for-nonprofit-organizations/ a corporate card. Both platforms offer some unique features that could make one or the other a better fit for your company.
Divvy vs Expensify: Expense Tracking and Budget Management Comparison
Expensify automates many parts of the expense-reporting process, meaning you keep tabs on expenses in a nearly streamlined way. Expensify’s group plans are compatible with both QuickBooks Desktop and QuickBooks Online, as well as Xero and a host of other accounting software options. Depending on the plan you pick, you can also sync the app with Oracle NetSuite, Sage Intacct, FinancialForce Accounting, and FinancialForce PSA.
- While both Divvy and Expensify offer receipt capture and expense categorization features, Expensify has an edge when it comes to receipt matching.
- This plan encompasses automated expense submission, mileage tracking, and seamless integration with accounting software.
- Expensify is a powerhouse platform that helps you manage your company’s spend — from receipt scanning and expense management to paying bills and booking travel.
- The most popular Expensify plan for now is the Collect plan, which was designed especially for SMEs and startups.
- Create travel policies that protect the bottom line without burying teams in bureaucracy.
This way your company can access revenue data, spending, and employee expenses all in the same place. Other accounting software they integrate with includes Xero, and FinalForce. Unlike Ramp, Expensify is available for small businesses and even freelancers. With up to 4% cash back on purchases and zero fees, Expensify may make a lot of sense for you and your small business.
“Amazing Platform!”
Additionally, Expensify offers advanced policy enforcement to ensure that all expenses comply with your company’s policies. You can also create unlimited budgets, whether they’re by the month, week or even payday-related versions. As you spend money and enter the expenses into the app, it automatically adjusts allotments for future days in the week.
Expensify manages expenses and transactions in real-time by offering account summaries, date calendars, and transparency features. While it may have a learning curve and limited customization options, it meets the needs of most businesses effectively. Divvy and Expensify both offer powerful expense management solutions for nonprofit leaders and executives. By comparing their features, benefits, pricing, and user experiences, you can make an informed decision about which platform is best suited for your organization.
Make purchases without a physical card on hand by tapping your virtual Expensify Card. Create and send professional invoices, track payments, and get paid faster – all in Expensify. Capture, approve, and pay bills with Expensify so you never miss a deadline. Chat directly on every expense to clear up any questions or confusion in realtime. By logging in, you agree to our terms of service and privacy policy.