Stay notified about policy violations or possible duplicate entries, run audit trail reports, detect fraudulent behavior, ensure expenses have digital records, and back up data instantly. If you want a custom, non-linear, or multi-stage approval flow, Zoho Expense has you covered. Design multiple complex approval flows and ensure that all transactions are overseen by the proper set of people before being approved. Not just for all business teams, Zoho has helped the accounting team as well. A remarkable thing about the Zoho experience, is the constant support they give us, for every little query. Once integrated, these users will be able to reimburse employees in Zoho Expense using the SBI integration.
File Travel/Trip Requests in Advance:
- Zoho Expense is a cloud-based, stand-alone business expense tracking app offered by Zoho.
- You don’t have to remember and manually add your travel lengths for business trips.
- The changes will take effect after the bank reviews and approves the details.
- If the business realizes the need for more user roles, the option to customize them is also available.
- Zoho Expense lets employees add these advances and apply them to their expense reports to automatically offset reimbursement amounts.
- Zoho Expense generates report numbers based on the prefix and first number you set, and report names based on the placeholders you provide.
With Zoho’s auto-scan feature, you can automatically capture receipt data. It effectively gets rid of the need to manually enter the data and thus reduces errors. Failing to establish clear expense policies can What is Legal E-Billing lead to compliance issues. And neglecting to consistently update and maintain expense categories results in inaccurate data and analysis. I didn’t give it a perfect mark because there are a few areas that could be improved. Alternatively, you may check out our guide to the best spend management software for managing employee spending.
Easy to use, intuitive, convenient
I find Zoho Expense useful for business expense tracking, but it excludes advanced expense management features like Certified Bookkeeper issuing company spending cards to employees. Zoho Expense excels at expense tracking, but I noticed that users still need to submit expense reports before expenses are reviewed. Although this isn’t a significant drawback, I’d prefer the platform to allow real-time expense approval for faster review, approval, and reimbursement. Zoho Expense also offers a streamlined experience that saves time and effort. One noteworthy feature is its OCR (Optical Character Recognition) technology, which scans receipts and automatically creates expenses.
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- FreshBooks also includes other accounting and invoicing features for an all-in-one platform.
- You can choose among four plans, but the free version is always the best to start with if you’re new to expense trackers.
- They can create expense reports with all the important details they need.
- Zoho Expense empowers you with data to make informed financial decisions and optimize spending.
- Moreover, Zoho Expense has the capability to export their information in far more detailed fashions than other desktop and mobile applications including AMEX and Citi.
Create mileage and per diem rates for different policies as well. When you have a meal while traveling, you might have a receipt with multiple line items on it, but tax may be applicable only to a few of these charges. Zoho Expense lets you itemize your expenses so that you can apply the tax appropriately. The changes will take effect after the bank reviews and approves the details.
The ease of use score revolves around customer support channels, integrations, user reviews, and our expert rating. The software must make it easy for users to access support in case of problems. Moreover, it must have adequate integrations with other software so that it would be easier to insert it into existing business processes.
- With distinct admin and employee views and access levels, this tool simplifies and streamlines the expense workflow for both employers and employees.
- Your manager will review the report you generated and will either approve or reject it based on the specified criteria.
- The application’s Universal Prompt status shows “Activation complete” both here and on the Universal Prompt Update Progress report.
- FreshBooks is a great choice for businesses that are looking for an accounting software that includes expense tracking but don’t want to spend as much money as QuickBooks requires.
- You can also get the 14-day free trial to discover the features of paid options.
- I have several years of experience with writing about accounting software, including QuickBooks Online and Desktop, Xero, and FreshBooks.
