Keeping track of business expenses can be a tedious task, but with the right mobile app, it can become effortless. These 11 best apps for tracking business expenses offer a range of features to simplify your financial management, from receipt scanning and expense categorization to reporting and budgeting tools. Standouts include Expensify, known for its robust automation and user-friendly interface, SimplyWise, praised for its seamless integration with accounting software, and Zoho Expense, which offers a comprehensive suite of features at a competitive price point.
Top app for tracking business expenses
1. Expensify
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Expensify is the king of mobile business expense tracking apps because it makes managing your finances a breeze. Forget about manually entering every expense – Expensify’s smart receipt scanner and automatic categorization do the heavy lifting for you. Plus, with its powerful reporting features and seamless integration with popular accounting software, you can see a detailed breakdown of your spending in seconds. With over 10 million downloads and rave reviews, Expensify is the clear choice for anyone looking to simplify their expense tracking.
Key Features:
- Effortless receipt capture and organization
- Automated expense categorization and reporting
- Streamlined expense approvals and reimbursements
✨ Read more: app for allowance
2. SimplyWise
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Cost: Free (Free), SimplyWise Premium ($9.99/month)
SimplyWise is the ultimate business expense tracking app for your phone, making managing your finances a breeze. Unlike other apps, SimplyWise uses powerful AI to automatically scan and categorize receipts, saving you time and hassle. With automatic mileage tracking, smart tax deductions, and insightful expense reports, SimplyWise makes it easy to stay on top of your finances and maximize your tax refunds. Plus, it’s super user-friendly – even if you're not a tech whiz, you'll be up and running in minutes.
Key Features:
- Scan and store receipts effortlessly
- Categorize expenses automatically
- Generate expense reports with ease
✨ Read more: app for tracking mileage
3. Zoho Expense
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Zoho Expense is a powerful business expense tracking app for your phone that makes managing your money a breeze. Unlike other apps that can be clunky and confusing, Zoho Expense is incredibly intuitive and user-friendly, making it easy to track every penny you spend. With its automatic receipt scanner, you can snap a photo of a receipt and it's automatically added to your expenses, saving you time and reducing the risk of errors. Plus, Zoho Expense helps you stay organized by automatically categorizing your expenses, so you can quickly see where your money is going.
Key Features:
- Automate expense reporting with receipt scanning
- Track mileage with a built-in GPS tracker
- Manage travel itineraries and expense approvals
✨ Read more: app for noting expenses
4. Receipt Scanner
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Cost: Free (Free), Premium ($4.99/month)
Tired of sifting through a pile of crumpled receipts? 'Receipt Scanner' is the ultimate business expense tracking app that makes managing your finances a breeze. This app uses cutting-edge AI technology to automatically scan, extract, and categorize receipt information, saving you hours of manual data entry. Unlike other apps that struggle with messy handwriting or blurry images, 'Receipt Scanner' boasts a 98% accuracy rate in extracting key details, ensuring your expenses are always correctly tracked. With 'Receipt Scanner', you can finally ditch the paper clutter and gain complete control over your business expenses.
Key Features:
- Automatically scans and extracts receipt data
- Organizes and stores receipts for easy access
- Tracks expenses for budgeting and reporting
✨ Read more: app for business transactions
5. QuickBooks Online Accounting
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Cost: Simple Start ($25/month), Essentials ($50/month)
QuickBooks Online Accounting is a powerful business expense tracking app that can help you stay organized and on top of your finances. With its mobile-friendly interface, you can easily track your income and expenses, create invoices, and manage your bank accounts, all from your smartphone or tablet. QuickBooks Online Accounting is a great option for small businesses and self-employed individuals looking for a user-friendly and efficient way to manage their finances. While the app does offer a free trial, it's worth noting that it comes with a monthly subscription fee. Despite the cost, QuickBooks Online Accounting has a 4.5-star rating on the Apple App Store based on over 1 million user reviews, highlighting its popularity and effectiveness.
Key Features:
- Track income and expenses easily.
- Categorize transactions for accurate reporting.
- Manage invoices and payments efficiently.
✨ Read more: app for receipts
Other business expense tracking app
The most important factors when choosing a business expense tracking app
- Ease of use: The app should be intuitive and simple to navigate, allowing you to quickly log expenses, scan receipts, and generate reports.
- Features: Look for features like expense categorization, mileage tracking, budgeting tools, and integrations with accounting software.
- Mobile accessibility: The app should be available on both iOS and Android devices for convenient on-the-go expense tracking.
- Security and data privacy: Ensure the app has robust security measures to protect your financial data and meets industry standards for data privacy.