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Trending from CNET. It lets you book business flights and approve travel invoices, anytime and anywhere. It's also possible to integrate your itinerary with the TripIt app for better management of travels. From travel to accommodation, employees incur expenses on a lot of different things. Getting these expenses reimbursed is a tedious process, often involving sending multiple invoices and waiting for them to be approved.
This is where Abacus comes into the picture, speeding up the whole process. Abacus provides an easy way to reimburse your team, reconcile corporate credit cards and implement expense policy.
The app drafts expenses from reliable data sources such as receipts, card transactions, past behavior, CRM fields and geolocation, ensuring that the records are complete and accurate. What truly gives Abacus the edge is its ability to automate expense policy and approval hierarchy.
Policy rules are applied to expenses before they are submitted, preventing any violations. Custom routing rules then send the expense to the best-matched approver. Once an expense has been approved, Abacus handles the reimbursement and direct deposits into the employee's bank account.
You can sync expenses into accounting software using either cash or accrual method, and custom analysis reports help you identify trends and manage budgets more effectively. If you own a small business, there's absolutely no need to use a complicated expense tracking solution. In fact, just digitizing and organizing all the receipts can help you manage everything. And nothing does that better than Shoeboxed.
Shoeboxed lets you track receipts, mileage and even business cards, without needing any manual data-entry operations. Just click a picture of the receipt and the app extracts all the information from it. Receipts can be sorted into common tax categories and instantly archived. The app supports one-click mileage tracking and lets you e-mail generated expense reports in seconds.
The most interesting thing about Shoeboxed is that converted reports are verified by humans for maximum accuracy. You can simply mail in a "Magic Envelope" all your receipts and other paperwork to Shoeboxed, and they'll digitize and organize them for you. That said, you need to subscribe to one of Shoeboxed's upper-tier plans — Professional and Business — in order to avail the service.
An expense tracker app is generally used to track business expenses, which is important for accounting and tax purposes. You can use an expense tracker on the go to record things such as travel expenses, mileage, and meals. The app can generate real-time reports and analysis, direct-deposit reimbursement, credit card reconciliation, and more. An expense tracker app works when you upload receipts, record expenses, or input mileage, and it sorts and organizes them and turns the data into reports that you can save, email, or analyze.
You can also connect it to your bank accounts and credit cards to make deposits, track spending, and monitor outgoing funds by category. Expense tracker apps vary in features, tools, and how much they can help you track your expenses, as well as whether they can be integrated with accounting software and what reports they can help you run.
The prices also vary. First, figure out what your goals for using the app are, what you need it to do, and how many users will be using it. If the app can help you eliminate unnecessary expenses, keep receipts organized for tax time, and run reports that help increase your efficiency, it may be worth the monthly cost.
We reviewed the top expense tracker apps to select the top ones. These 7 best expense tracker apps stood out based on their features, reporting capability, technology, company reputation, ease of use, and more.
Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile.
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