The Best Business Expense Tracking Software for Startups Thursday, September 08, 2022 | Expense Tracker

Over the past decade, startups such as Airbnb and Instacart have revolutionized their industries. However, before companies can establish themselves in their fields, they must set budgets on areas such as marketing campaigns. For this reason, many startups will use business expense tracking software. Using online business expense trackers is more efficient than using spreadsheets or pen and paper. Business expense tracking software can also help startups save money. Business expense trackers help users manage their budgets and can be accessed through any device.

Before choosing a business expense tracker, startup managers should do their research and decide which system best suits their needs. Examples of online business expense trackers that startups can use include Talygen, Expensify, Mint, Zoho Expense, Certify, Rydoo, and Everlance.

Overview of Expense Tracking Software Systems

#1 Talygen

Talygen’s business expense tracking software is a valuable feature for startups to use to help them manage budgets. Talygen’s business expense tracker has many helpful features, such as creating expense and reimbursement reports, the ability to upload expenses in bulk, and entering future expense entries. When users create expense reports, they can specify the type of expense, upload receipts as attachments, and submit them to management for approval. Similarly, the reimbursement reports provide information on the expenses that have been approved or denied. Users can create Microsoft Excel files and then import them to the system when uploading expenses in bulk. Managers can also allow users to input anticipated expense entries so the startup won’t go over their budget. Managers can also set expense limits on particular projects. In addition to the expense tracking software, startups can also use Talygen’s other modules like invoicing, document storage, and time tracking. Talygen can also integrate with third-party systems such as Google Calendar, Google Drive, Dropbox, Microsoft Dynamics, Workday, Salesforce, FreshBooks, and QuickBooks. Due to its flexibility and ease of use, Talygen is ideal for startups to use as their online business expense tracker.

#2 Expensify

Startups can use Expensify to help them stay on their budgets and reimburse team members. One of the benefits of using Expensify is that users can upload receipts while reporting their expenses. Expensify can also integrate with software systems such as Microsoft Dynamics, Workday, and QuickBooks. However, some startups may hesitate to use Expensify as their online business expense tracker due to its learning curve.

#3 Mint

Mint is an online business expense tracker that automatically assigns transactions into categories, making it an ideal expense tracker for startups that do not have an accountant or bookkeeper employed. Another benefit of using Mint is that managers can set budgets on expenses within the app. Expense reports are displayed on a centralized dashboard. However, a downside of using Mint is that it lacks the ability to integrate with other software systems.

#4 Zoho Expense

Zoho Expense is an online business expense tracker that startups can use to manage their budgets. In Zoho Expense, users can create reports and analytics on various expenses. These reports can then be approved or denied by management. Like other expense trackers, users can upload receipts to their reports. Managers can then reimburse team members after expenses are approved. Another benefit of using Zoho Expense is that it can integrate with third-party apps such as QuickBooks, Google Drive, and Dropbox. However, a disadvantage of using Zoho Expense is that the software occasionally experiences bugs and glitches.

#5 Certify

Startups can use Certify to help them track their expenses. A key feature of Certify is that users can create reports for various expenses. Users can upload receipts to their reports. These reports can then be viewed in a central dashboard. Another benefit of using Certify is that it can integrate with third-party systems such as Microsoft Dynamics, Salesforce, and QuickBooks. However, some startups may hesitate to use Certify as their business expense tracking software system because the integrations other than QuickBooks must be handled by Certify directly.

#6 Rydoo

Rydoo is an online business expense tracker that startups can use. In Rydoo, managers can view dashboards that display data on the startup’s expenses. When team members upload expense reports to the dashboard, they can also include any receipts so they can be reimbursed. Rydoo can also integrate with third-party systems such as Microsoft Dynamics and QuickBooks. However, a downside of using Rydoo is that the mobile app is less functional than the desktop website.

WFH Tracking Software can help you stay on top of deadlines by sending reminders to your team.

#7 Everlance

Everlance is an online business expense tracker designed for smaller companies such as startups. When users upload expense entries, they can upload photos of their receipts. Managers can then view the expense reports, which display the purpose of the expense entities. However, a disadvantage of using Everlance is that it lacks integrations with third-party software systems.

Conclusion

Online business expense trackers are valuable tools for startups to use. When startups use expense tracking software, they can stay on budget and avoid potential bottlenecks. For more information on Talygen’s business expense tracking software, visit https://talygen.com/Expense-Tracking to speak with a product representative and receive a live demo.

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