Best Business Expense Tracker Apps
Introduction:
Business expense tracking can be time-consuming and cumbersome, but it’s a critical part of managing a company’s finances. Fortunately, several apps have emerged to help business owners track their expenses more conveniently and accurately. This article will examine the best business expense tracker apps available today.
1. Expensify:
Expensify is a popular app for managing expenses on the go. It automatically tracks expenses, mileage, and time, while also offering seamless integration with popular accounting software such as QuickBooks and Xero. The app allows you to upload receipts by taking pictures with your smartphone and categorizing transactions effortlessly.
2. Zoho Expense:
Zoho Expense is a powerful expense tracking solution that simplifies expense management and approval processes for businesses. The app offers features like automatic receipt scanning, integration with Zoho Books, G Suite, and other popular accounting software. Zoho Expense also provides customizable policies to ensure expense reporting complies with your company’s regulations.
3. QuickBooks Online:
QuickBooks Online is a comprehensive accounting software that includes built-in expense tracking features. Through its mobile app, you can snap photos of receipts and link them directly to your transactions. The platform also allows for easy categorization of expenses and syncing of data with bank accounts and credit cards.
4. Concur:
Concur is an integrated travel and expense management app designed for businesses of all sizes. Besides tracking expenses, the platform automates the entire expense reporting process by allowing employees to submit their reports electronically. Concur also provides integration with various accounting software, customizable policy enforcement, and visibility into employee spending habits.
5. Rydoo:
Rydoo is a user-friendly app that streamlines business travel and expense management through real-time processing and report generation. Users can capture their expense receipts within seconds while waiting for their morning coffee or boarding a flight. Rydoo integrates seamlessly with standard workflow systems and offers a range of expense analytics to help spot patterns and trends in spending.
6. Wave:
Wave is a free, user-friendly financial software designed for small businesses. With Wave, you can track your expenses, income, and other financial data seamlessly. The app allows you to import transactions from bank accounts or credit cards manually and provides customizable expense categories for better organization.
7. Hurdlr:
Hurdlr is tailored for freelancers, small business owners, and self-employed individuals looking to simplify their expense tracking. The app automatically imports transactions from bank accounts or credit cards and organizes them into tax-deductible expense categories. Hurdlr also calculates quarterly tax estimates in real-time, ensuring that users stay on top of their tax obligations.
Conclusion:
In today’s fast-paced business environment, staying on top of expenses is essential for maintaining financial health. The apps mentioned above are among the best business expense tracker apps available that cater to different company sizes and requirements. By choosing the right app, businesses can streamline their expense tracking processes, saving them valuable time and resources.