If you’re looking for more thorough accounting and bookkeeping software, we recommend opting for Wave Accounting instead. (Since Expensify is one of the most popular expense-tracking apps, it does sync with most major accounting solutions.) Expensify does best when paired with accounting software. In other words, while you can use the app to track mileage and send invoices, both features are fairly basic. However, Expensify isn’t an all-in-one online accounting solution-it’s a targeted expense-tracking app with some bookkeeping and budgeting features.
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Most crucially, its free plan for corporations includes free corporate card management via the Expensify Card, which everyone on your team can use for free. It excels at scanning and categorizing receipts, generating reports for tax time, and managing employee expense reimbursements. (The free plan limits you to just one.)Įxpensify is first and foremost an expense-management program. If you like ZipBooks' user-friendly interface but want more features, its paid plans start at $15 a month and allow for five users. And while ZipBooks' free plan includes just two business financial statements, they're the most important ones (the profit and loss statement and balance sheet)-you won't be overwhelmed by too many complex reports, but you'll still get the basic information you need to make wise investment choices as you grow your business. Its chart of accounts is straightforward and user-friendly, which is crucial for first-time business owners with limited financial knowledge. But what few things ZipBooks does, it does quite well. We know, we know-that doesn't look like much, especially when compared to Wave and Zoho Invoice. Unlimited customizable invoices, estimates, and quotes.Instead, it sticks to the basics, offering just a few accounting features for free: ZipBooks definitely doesn't have the most features of our top picks. If you want more extensive accounting features, Zoho Books starts at $15 a month-but if you're fine with basic invoicing and transactions, it's honestly hard to beat Zoho Invoice.
With a stellar mobile app, it's also good for freelancers on the go. Thanks to its its built-in time tracking (which syncs easily with invoices), estimate-to-invoice conversion, and client portal for straightforward collaboration, Zoho Invoice is ideal for freelancers who frequently collaborate with customers. Expense tracking, receipt scanning, and time tracking.
Automatic bank account and credit card syncing for accurate, up-to-date financial records.It’s one of our top accounting software picks for small-business owners, and for good reason. Even if Wave weren’t completely free, we’d still be blown away by how much it offers.