Expense reports are a pain – for you, your business and your employees. But new services that let you manage the process online are changing how expense reports happen — and saving small business owners time and money. Expensify, which bills itself as “Expense reports that don’t suck,” is an up-and-comer in the online expense report space.
It’s an app and a website service that makes expense reporting totally digital. For example, it lets users import expenses directly from credit card accounts. You can also import expense info by mobile phone or email. Snap pictures of your receipts with your camera phone and send them to your file. Once all of your info is there, you can quickly assemble the expenses on the website. All of your imported, uploaded and logged business expenses are stored digitally and available 24/7. Reimbursements can be made easily online using QuickBooks and direct deposit.
Submitting reports is free for everyone in your business. Up to two can be approved and reimbursed each month for free; after that, there’ a monthly fee of $5 for each submitter who is reimbursed. You can download the Expensify app from the Intuit Workplace App Center (a great place, by the way!).
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About the Author: Daniel Kehrer, Founder and Chief Content Officer of BizBest Media, is a senior-level leader in digital media, content development and online marketing with special expertise in startups, SMB, social media and generating traffic, engagement and leads. He holds an MBA from UCLA/Anderson and is a passionate entrepreneur (started 4 businesses), syndicated columnist, blogger, thought leader and author of 7 business and financial books.