Are you running a business and it is getting difficult for you to keep track of all the money? Do not worry because we have come up with the best applications that will help track your expenses to make better capital decisions.
It is not unknown that every business needs capital for the long-term as well as short-term needs. Short term needs may include the expenses for daily operations and monthly salaries of the employees. So, it is extremely important to make sure that you have control plus record over the inflow and outflow of the cash. There are many applications which serve this expense tracking purpose but only a few have made it to our list because we believe in giving quality to our readers! So, let’s get to the round-up of Top 5 Business Expense Tracking Applications out there!
Here is List Of Business Expense Tracker Apps 2019:
Expensify has gained immense popularity over the period of time due to its wide range of features and enormous automation skills. This application has been used by bigger business and one such example if of AICPA who has been using this application for managing and tracking their expenses.
Expensify specializes in all field of monetary monitoring ranging from tracking receipts to report management of expenses. This application is developed to ensure that the users have a steadfast and smooth tracking experience. It has been equipped with the SmartScan which reduces the hassle of entering the data manually. This application is automated which means that it can keep track of receipts, make reports, and submit them all on its own and automatically.
This application even gives the real-time information about upcoming trips and delayed flights or any other changes of the field that you have added the information of. This application can be used by both corporate as well as small businesses as it offers the card reconciliation, per diem functions, and next-day deposit reimbursements. With Expensify, you can even perform the accounting function which eliminates the need for QuickBooks or NetSuite.
Every businessman has once used the business tools of Zoho and they give the best reviews about those tools and let us tell you that their Expense tracking application is just the same; fast, easy, and reliable. In case you are looking for an application that ensures the easy tracking of expenses as well as quick responses and approvals, this application is the perfect option for you.
With Zoho Expense, users can incorporate the digital copies of the monetary receipts and keep track of them when they happen. This application allows its users to attach the receipts to the reports, sort out the expenses on the basis of category i.e. food, equipment, maintenance, etc, and even allows the addition of extra fields when required. Other than the tracking and recording features, this application is a must for people who have to travel a lot as this allows the tracking of mileage for day-to-day trips. The users can link this application with their credit card and it will automatically generate the calculations based on the transactions from the card. Other than that, the users can even send the generated receipts to the upper management as a report of expenses. This application is equipped with the enhanced coding which helps the user track the extensive spending and keeping the spending in check.
The best thing about this application is that it can even record the information when there is no internet. When your phone is connected to the internet, the data collected when offline all goes synchronized automatically. The application was made in conjunction with the web application and is linked to that.
Rydoo has every feature a businessman can think of. It has features ranging from the mileage tracking to analysis of expenses and that too in real-time. The best thing about this application that makes it a hit is its ability to link with other applications through which users can easily transfer data in a jiffy.
If you are a person who is always on the go, this application lets you add expenses even then. When you capture a picture of the receipts, it integrates all the data, makes a report, and send it to the assigned email. Other than the email, the report can also be sent to the Dropbox or Evernote. All the work is automatic which tells us that receipts will be analyzed without the user having to add in manual data. All you have to do is download this application, link it to the desired applications, and add the payment methods. The application allows the users to make a group of the management team of the business ensures that everyone in the management team is aware of the expenses. Other than that, this application can analyze the bills of credit card and match it the transactions made.
As we mentioned in the very start that this application has the ability to be linked with other software, so let us tell you that this application can be linked with bigger software such as SAP, NetSuite, Microsoft Dynamics, and JD Edwards.
All the older generation of businesses is well-aware of this name and application because it is one of the oldest applications made in this respective field. This application gained popularity because of its accounting functions. The best thing that made this application a hit that it did not require the users to have any technological and accounting expertise as it handled all that on its own while businesses focused on their goals.
The invoice generator of QuickBooks ensures the effective and efficient tracking of invoices even if the currencies are different. This application allows the users to link it with their bank account; its advantage is that once the application gets connected to the bank account, it tells the real-time information about the expenses, loss, and profit of the business. With this application, users can easily review the bank transactions and make the accounting records to ensure the proper record-keeping of all the monetary expenses.
Apart from that, QuickBooks allows its users to tailor their receipts and invoices with the business logo to reflect a more professional look. When the record keeping is up-to-date, it is easier for the businesses to calculate their tax and tax deductions. The applications’ functionality can be enhanced through its inventory management and customer relationship management systems and solutions, respectively.
However, the feature that makes it stand out in the crows is its bill management system. With this feature, businesses can easily keep a record of due and paid bills which ensure that no one can dodge them. Other than this option, this application can be linked with other applications such as Apple Pay, PayPal, and Bill.com. So, are you going to choose QuickBooks for the tracking of your business expenses?
This is an application for you if you are managing a travel business or a business that requires a lot of traveling. The unique traveling and tracking features make it one of the best business expense monitory applications. This application is the perfect option if you want to keep the record of every expense that was made during travel as it is specialized to that job.
SAP Concur allows its users to manage the flights, book the business flights, approve the invoices for business, in a matter of one click and second. With this application, users can easily review and approve the business expense reports, add the meeting attendee, and make travel requests and even manage the itinerary on the road from business to business.
All the data can easily be imported from the bank account and credit cards and flights can be booked from your mobile without even having to go to the airlines’ website. The users can incorporate the budget they have set for the travel or a trip and this application will filter the best options based on the budget and customer preferences.
We hope that this article helped you make a better choice for the tracking of your business expenses. Have a good day!