The Best Expense Tracking Software for Construction Companies Tuesday, August 30, 2022 | Expense Tracker

In the construction industry, managers need to be aware of various expenses. By keeping track of project expenses, managers of construction companies can help save the firm money in the long run. The most efficient way to keep track of project expenses is to use an expense tracking software system. Using online expense tracking software helps construction companies reduce their paper usage and human error. Many expense trackers can also be accessed on both desktop and mobile. Examples of expense tracker software solutions that construction companies and firms can use include Talygen, Rydoo, Zoho Expense, Fyle, Divvy, and ExpensePoint. Let’s go over these online expense software systems in more detail.

Overview of Online Expense Software Systems

1. Talygen

Talygen is an all-in-one software suite that includes expense tracking software. Talygen includes many useful features for construction companies to utilize. These features include expense reports, the ability to upload receipts, approving and disapproving expense entries, and setting expense limits. Users can upload expense reports to inform management of funds spent on projects. Expenses can be uploaded in bulk.

Additionally, users can upload their receipts via the mobile app. Once expenses and receipts have been uploaded into the centralized dashboard, they can be approved or denied by management. Then, management can reimburse the employees. To help save on costs, managers can set expense limits for certain projects. These budgets can be adjusted at any time.

Another way that Talygen’s expense tracker software can benefit construction companies is that it can integrate with third-party software such as QuickBooks, Microsoft Dynamics, and Microsoft Excel. Talygen includes other modules such as time tracking, invoicing, and asset management that construction companies can use. Overall, Talygen is an ideal expense tracker for construction companies and firms due to its range of features.

2. Rydoo

Rydoo is an online expense software system that construction companies and firms can use. A key feature of Rydoo is that uploaded expense reports are displayed on a centralized dashboard. When uploading expense reports, users can also upload their receipts. Managers can then reimburse employees. Another benefit of using Rydoo is that it can integrate with third-party systems such as QuickBooks and Microsoft Dynamics. However, a disadvantage of using Rydoo is that the mobile app is less functional than the desktop website.

3. Zoho Expense

Construction companies can use Zoho Expense to help them organize and review their expenses. One of the benefits of using Zoho Expense is that the software provides various reports and analytics on expenses. These expense reports can be approved or denied by management. Managers can easily reimburse employees for the money spent on expenses. Managers can also set rules and budget restrictions if the company needs to reduce the amount of money it spends on a certain expense. Another benefit of using Zoho Expense is that it can integrate with third-party accounting software like QuickBooks. However, some construction companies may hesitate to sue Zoho Expense as their expense tracker software system because it has a sight learning curve.

4. Fyle

Fyle is an online expense software solution designed for the construction industry. A key feature of Fyle is that managers can view expenses spent on projects via a centralized dashboard. These reports help managers decide whether or not expenses should be cut or expanded. Managers can also approve expense entries after they have been uploaded to the system. Managers can also reimburse employees. Fyle can also integrate with QuickBooks. However, a downside of using Fyle is that it tends to run slower on the iPhone app than on the desktop website. The mobile app also tends to be buggy.

5. Divvy

Divvy is an expense tracker software that construction companies and firms can use. One of the benefits of using Divvy is that managers can set project limits to help save costs. These limits can be adjusted at any time. Managers can view charts and graphs on expenses uploaded by employees via a centralized dashboard. The expenses can be sorted by department, team, or project. Another key feature of Divvy is that users can easily manage invoices and payments. However, a downside of using Divvy is that the reporting and reimbursement features are not as efficient as other online expense software systems like Talygen.

6. ExpensePoint

ExpensePoint is an expense tracker software system that construction companies can use. In ExpensePoint, managers can view and track expense reports for different projects. Users can upload expenses in bulk. Also, users can upload copies of their receipts. After reports have been submitted, managers can approve or deny them. However, some construction companies may hesitate to use ExpensePoint as their expense tracking software because the user interface can be somewhat complicated to navigate.

Conclusion

Expense tracker software systems are helpful tools for construction companies and firms to use. Online expense software can help construction companies reduce paperwork and human error. If managers of construction companies are looking for an efficient expense tracking software system, then they should consider Talygen. For more information on Talygen, visit www.talygen.com/Online-Expense-Tracking-System to view software packages and speak with a product representative.

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