Is Expensify for Small Businesses?
Expensify is ideal for small businesses! It’s a scalable, easy-to-use expense-management application and receipt-scanning solution.
Expensify is a product that works for everyone. Whether you’re a freelancer, a sole proprietor, or managing dozens of employees, Expensify can help you manage your expenses easily.
What Can It Do?
SmartScan
Expensify’s most notable feature is its high-quality mobile receipt scanning and optical character recognition (OCR) technology. SmartScan uses OCR on all receipts scanned into the application, which enables it to easily extract the text that is on the image.
Let’s be clear of exactly how well SmartScan works. A receipt scan can mean using your phone to snap a picture of a physical receipt, then uploading it to your Expensify account, but Expensify goes much further than that. It uploads and categorizes all types of receipts:
- Emailed receipts forwarded to your Expensify account
- Screenshots
- Credit card account syncing
- Even third-party app uploads
Expense Reporting
Each time a receipt is uploaded or scanned into Expensify, an expense report is automatically created, with the option to submit the report for reimbursement immediately or add additional expenses before submitting it.
Mileage tracking, per diem management, and bank and credit card transaction importing are also available in this expense management solution.
Ease of Use
The main entry screen provides you with easy access to all the features available in your plan. After your first log in, a list of prompts indicate the items that need to be completed prior to using the application, guiding you along the way.
Expensify also makes it easy for your employees to get reimbursed quickly, using either the ACH payment option or the Expensify Card. For those using the card, funds will be placed on the card once an expense has been approved.
Expensify Serves the Expense Management Needs of a Small Business
The mobile app is easy to use and offers full functionality. The most obvious benefit of using Expensify is that you and your employees will use it.
Organize receipts with a single click. Expensify offers an intuitive user interface that you’ll be comfortable using within minutes. Expensify can help you manage your expenses easily.
We Can Help You Get Started
On the surface, Expensify looks to be a tool of convenience but used to its full capabilities, Expensify has features to be used as a dynamic accounting and strategic planning tool in your business.
If you haven’t already added Expensify to your accounting system, connect with us today! This priceless platform is extremely useful to any business, big or small. We can get you set up and provide you with the ongoing support needed to ensure you’re maximizing the use of Expensify.
Schedule a complimentary consultation today. Let’s plan how to help you and your business grow.
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