Expensify’s mobile app (and web app) is built for all types of employees and contractors. Give your staff more of their time back every month when they use Expensify to track expenses, upload receipts, and submit reimbursement requests. The Statement of Functional accounting services for nonprofit organizations Expenses is a key component of a nonprofit organization’s financial reporting. It provides a detailed breakdown of expenses according to their functional categories, such as program services, management and general administration, and fundraising. This statement offers transparency into how resources are utilized to achieve the organization’s mission, fostering trust among donors, stakeholders, and the public.

What language does Expensify support?

It keeps communication clear and provides detailed reports on volunteer hours and impact. I find it beneficial to personalize some of the automated report submissions and set various reminders for employees. Expensify was simple to tailor (both fields and groups for employees), allowing us to align it perfectly with our needs and establish distinct parameters for various employee groups. Integration with Quickbooks, Xero, NetSuite, Sage Intacct, and Dynamics, etc. is facilitated. Complete support for all Android and iOS powered smartphones and tablets is offered. These trackers help us to measure traffic and analyze your behavior to improve our service.

• For those in the United States, it may feel odd to read and hear “claim” when we are used to the term “expense transaction”.
• With realtime visibility, smart integrations, and powerful insights, you can make better financial decisions and focus on what matters most.
• With up to 3 users, Zoho Expense is free and includes up to 5GB of receipt storage.
• Wherever your mission takes you, Expensify keeps your finances in check.
• Stay informed about industry trends and benchmark your policy against similar organizations.
• Of course, you have lots of options, depending on whether you’re more interested in Expensify’s spend management tools or the Expensify card.

QuickBooks Online

Not only does each team member get a card, but we can also create any number of virtual cards for online use. This allows us to save the physical card for in-person meals and travel without risking it for all the other online transactions. Another entry in the race is Certify which is a combined travel and expense management tool. The master dashboard provides an overview of all Corporate card transactions in near real-time. You can issue Emburse corporate cards as needed with auto-enforcing rules.

• Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews.
• They offer corporate cards, mobile apps, and web platforms to simplify the management of business expenses.
• It combines data from your own donor records and broader charitable giving databases to provide you with a clearer picture of each donor’s potential.
• The Expensify software has an interactive interface available for iOS, Android, and in a mobile app form as well.

📅 Annual Subscription

Track expenses, approve reports, and reimburse employees all in one place, with automatic syncing to your accounting software. On the other hand, SAP Concur is designed with larger enterprises in mind, offering a comprehensive suite of services. Users can track travel expenses by calculating the amount of time spent by a user on a particular project or by calculating the miles that personnel has traveled. It helps users to automate the entire expense calculation process in order to save time and physical resources as well as minimize any errors.

Custom approval routing rules at the expense level and policy automation help reduce errors. Before diving into specific travel and expense policy best practices, let’s tackle the building blocks of effective management. When done right, these fundamentals create a framework that supports both your business goals and your employees’ needs. Enter your email or phone number to make your company’s money go further with Expensify’s time-saving expense management tools. Through its intuitive dashboard, users can manage multiple grant applications, track their status, and analyze success rates. Grantify offers tools to craft compelling proposals, provides real-time feedback, and generates detailed reports to keep stakeholders informed.

• Your software should help you keep track of everyone involved with your nonprofit.
• This will be ideal for small to medium companies that need to streamline processes like accounting, budgeting, and payroll.
• Its free plan for businesses includes corporate card management, employee reimbursement, invoicing, and bill management.
• The Statement of Functional Expenses is a key component of a nonprofit organization’s financial reporting.
• I found this feature particularly useful for keeping accurate records of my travel expenses, ensuring that I was reimbursed correctly.

In terms of budget management, Divvy may have an edge due to its real-time budget tracking and customizable spending limits. However, Expensify’s approval workflows can be equally effective in maintaining control over expenses, particularly for organizations with complex approval chains. If you work for a mission-driven organization, you probably have enough on your mind without also needing to worry about tracking receipts and getting reimbursed. But in the busy world of accounting for nonprofit organizations, expense management often gets overlooked as a valuable place to save time and money. Instead of tracking transactions over several credit cards, you can sync it with the Expensify system as you go. This will make it easier to get small receipts like office supplies or gas costs.

• Expensify offers a variety of pricing plans to cater to different business needs, from small startups to large enterprises.
• Flexible spend controls can be set based on current market rates, while Ramp checks bookings for compliance and categorizes expenses accordingly.
• Divvy and Expensify both offer corporate cards with customizable spending limits.
• From what we’ve heard from a handful of clients, it seems to be around $8.00/user/month.
• In fact, Divvy is free to use to manage budgets, control spending, track expenses, and more within Divvy.
• Divvy’s free plan offers unlimited users, while Expensify’s free plan only allows up to 25 SmartScans per month.

Bill pay

Learn how IDEO.org use Expensify’s QuickBooks integration to make their expense reporting process easier than ever. Choose https://nyweekly.com/business/accounting-services-for-nonprofits-benefits-and-how-to-choose-the-right-provider/ the Xero bank account where transactions from this card will be exported. To get the best return on your investment, choose an advanced platform that has all the features that Ramp and Expensify offer, and more. Ramp offers no-code integrations with major ERPs, banks, and HRIS software. With up to 3 users, Zoho Expense is free and includes up to 5GB of receipt storage.