Virtual cards can be used for ongoing subscriptions or other transactions. Don’t forget to read our list of nonprofit software discounts to see if there are discounts for any of these alternatives to Expensify. Below are alternatives to Expensify we’ve used or looked into serving United States organizations supporting U.S. Here’s how to use Expensify to ensure compliance while maintaining flexibility for legitimate exceptions. No more debates about what qualifies as a reasonable hotel rate or whether business class flights are allowed.
- Integration with third-party card feeds and reconciliation further enhances its value.
- Choose the Sage Intacct credit card where transactions from this card should be exported.
- When using manual processes, it can be time-consuming for nonprofit admins to keep records of the various categories of expenses in order to accurately prepare financials.
- This prevents unauthorized travel but requires prompt manager attention to avoid disrupting travel plans.
- Personally, I’ve chosen Divvy for the nonprofits I work with because of its cost, real-time budget tracking, customizable spending limits, and the convenience of virtual cards.
Expense reports
Your price will depend on the plan you choose, how often you pay, and how many users you add. You may be able to use Expensify for free, or you may pay a monthly fee for each user you add. Travel Requests is a Beta feature and provides the ability for employees to request trip itineraries and expenses for approval prior to booking travel.
Zeffy: The only 100% free all-in-one nonprofit software
It helps users to automate the entire expense calculation process in order to save time and physical resources as well as minimize any errors. Nonprofits often have unique expense categories based on their specific programs and activities. Expensify can import these categories from any accounting system via a direct integration (e.g. QuickBooks Online, Xero, NetSuite, or Sage Intacct). Typically, an organization would import their natural expense categories as Categories and then import functional expense categories as Tags. Expensify’s SmartScan technology utilizes optical character recognition (OCR) to automatically extract information from receipts and invoices.
- This can be “Expensify ACH reimbursement” or “Expensify integration.” You can also click on individual pages on their Google search result.
- Control company spend with smart limits, approvals, and visibility across every card and expense.
- Blackbaud allows you to manage, track, and analyze their application status.
- Another solution from SAP Software, Concur Expense, solves most of your expense management and reimbursement needs.
- Some larger nonprofit organizations with more complex projects will spend a higher percentage.
- Choose the QuickBooks Online credit card account where transactions from this card should be exported.
How Much Does Expensify Cost?
For instance, Concur Expense, Concur Travel, and Concur Invoice each tackle different aspects of your financial expense tracking and management. When it comes to travel and entertainment policy best practices, the best policies evolve over time – they’re living documents that should grow and change with your business. Start with clear fundamentals, implement strong approval workflows, and continuously refine your approach based on real-world feedback and results.
- Expense management software streamlines financial processes and enhances productivity.
- Give your staff more of their time back every month when they use Expensify to track expenses, upload receipts, and submit reimbursement requests.
- When she’s not working on marketing at Expensify, you’ll most likely catch her spending too much money at the local flower market.
- You can communicate on Expensify with coworkers and family members when you open a group chat.
- With a high APY, cash back, built-in cash flow, invoicing, and no monthly fees, Grasshopper Bank has an enticing package for small business owners.
Expensify offers a range of pricing plans to suit different business needs. accounting services for nonprofit organizations These plans vary in features and pricing, allowing businesses to choose the one that best fits their requirements. Expensify simplifies the process of reconciling corporate card transactions. It automatically matches expenses with card statements, reducing the need for manual reconciliation. I found this feature incredibly efficient, as it saved me time and ensured accuracy in my financial records.