Manual expense data recording and tracking is a thing of the past. Today, we have apps that help businesses keep accurate track of their every expense. Expensify is one of the most popular apps that eliminates the tedious job of manual data input. Instead, its management software lets users scan their receipts and automatically enter the expense details.
Here, we are providing a thorough Expensify review below.
Expensify App Full Review
What is Expensify App Used for?
Expensify is a dynamic tool that automates the process of expense management and receipt tracking. It has modern and latest features that save time and help businesses in effectively streamlining their operations.
This expense management app has an interactive design, AI-powered technology, automated features, etc. Businesses can easily streamline their pre-accounting processes and sync seamlessly with different software such as QuickBooks and Xero.
How Does Expensify App Work?
The Expensify app allows employees to submit their transactions to their employers and businesses. They can track their transactions in the app. The Expensify app has a tool, SmartScan that can scan the receipts and log in the details that include the date, time, amount, and name of the user.
Users can email their receipts to [email protected] so their receipts can be coded and logged by them. The Expensify app can also be linked to your bank account and credit cards to automatically import different expenses. Anyone cannot manually enter their commute mileage. For this, the Expensify tracking app monitors the GPS to accurately track the drive you make to work or anywhere else.
This app has automatic categories for different expenses but it also allows users to customize them. With a clean and structured web dashboard, Expensify showcases the expenses in different categories with time and date.
How the Expensify App Can Benefit You?
Recording and tracking expenses manually are quite hard for businesses. The Expensify app makes this task easy for businesses by providing them with real-time and immediate accomplishment of expenses. According to the Expensify website, expense reports take 83% less time when they are done through the app.
Users can divide their expenses according to their requirements through the ExpensePoint feature. The Expensify app allows users to send and receive money through Venmo. The app can also easily connect to different apps such as HotelTonight, Uber, Lyft, etc.
A prominent feature of the Expensify app is that it can generate reports promptly. You do not have to wait longer to review your expense reports. You can also share or print your document reports from the Expensify app. The Expensify pricing plan is also feasible for businesses to buy and then they can use the app easily.
Keep your Finances Safe with the Expensify App
The Expensify app has a two-factor authentication so users can access the app through the generated code only. This system is very appropriate as it safeguards the sensitive data of the users. The Expensify app follows the protocol of Privacy Shield and General Data Protection Regulation (GDPR) and its safety standards are compliant with them.
These safety features make the Expensify app stand out among the others because it takes care of the safety of the users’ data with extreme care.
A notable feature of the Expensify app is its customer support. The Expensify customer service provides 24/7 support to its customers.
Pricing Plans of the Expensify App
Expensify pricing is divided into different categories. The free version of the Expensify app allows users to take almost 25 SmartScans of receipts per month. There is also a premium version of the Expensify app that provides users with unlimited SmartScans. The pricing plan of this app offers a 6-week free trial and then the price differs according to the different packages.
For monthly packages, users have to pay $4.99 per month for individuals. On the other hand, Expensify costs $5 per user, monthly for groups, teams, or companies. To give you a clearer understanding, here is a methodical and itemized list of the pricing plans:
Expensify Pricing Plans for Individuals & Self-Employed
There are 2 plans that are offered to individuals and self-employed people; Track and Submit.
- Track: this plan is for $4.99 per month. It provides unlimited SmartScans, categorizing expenses, and accurate mileage tracking.
- Submit: this plan is also $4.99 monthly and provides the same features as “Track”. Additionally, it submits receipts and reports for reimbursements.
Expensify Pricing Plans for Businesses
On the other hand, there are 2 plans for businesses; Collect and Control.
- Collect: it is for $5 per employee per month. Collect provides all of the above features for individuals plus automates the receipt collection and reimbursement. It auto-syncs to different accounting software and also offers a free Expensify Card with auto-reconciliation.
- Control: this plan is for $9 per employee per month. Control provides all of the above-mentioned and also manages approval workflows.
Expensify App Availability & User Ratings
The Expensify app is available for both Android and iOS. It is compatible with many devices. The Expensify Review on both stores will accurately explain the effectiveness of the app.
The Expensify app has 4.4 stars out of 5 and almost 24.3K reviews on the Google Play Store.
The Expensify app has 4.7 stars out of 5 with 130.1K ratings on the App Store.
Why Should You Use Expensify App?
Recording and submitting expense reports was never this easy. With the Expensify app, you can quickly scan your receipts and log all your transactions. This will save you a lot of time that you can spend on more important and strategic tasks.
Check out our 5 Best Expense Tracker App of 2024 here.
Is Expensify free to use?
The Expensify app offers both free and premium plans of the app. The free version facilitates users with a basic expense tracking feature while the paid version provides more advanced features. This app also offers different pricing plans for individuals and businesses.
Can I use Expensify for personal expense tracking?
Yes. Expensify can be used for personal expense tracking as well as for businesses.
How secure is Expensify with sensitive financial information?
With two-factor authentication, encryption, and other safety protocols, the Expensify app provides users with great security that protects their data.
Does Expensify offer real-time syncing across devices?
Absolutely. Expensify offers real-time syncing across multiple devices which helps users in accessing their data on any devices they want, anytime and anywhere.
Are receipts stored digitally in Expensify?
Yes. Expensify offers a receipt management feature that allows users to store and manage their expense receipts digitally.