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It offers more limited features than its paid plans, which range in price from $8-$12 per month. Price: Everlance offers a basic plan that costs nothing. This can help your company better control its budget, and it cuts out the need to reimburse employees for their business expenses.

Your employees can categorize their purchases, and you can set spending limits for each employee. When making a business purchase, you and your employees can use a Divvy card to keep spending organized.

With Divvy, business owners have total financial control and can limit employee spending.ĭivvy is an expense management and business budgeting solution that is free to use.

Its reporting features make it simple for expense reports to be run automatically, which can save time and effort.

This tool allows for both physical and virtual Divvy cards to be used for spending purposes.

Divvy has additional upgrade features that can be purchased.This includes reimbursement features, which cost $5/user/month. There are additional features that can be added with a fee. This way, you can give access to business partners or employees. It can also be beneficial to choose an expense tracking solution that supports multiple users. This kind of feature can save time and allow you to keep more accurate financial records.

Keep an eye out for expense tracking software that offers automated reports. Luckily, expense tracking software often includes reimbursement tools.Ĭreating expense reports can be incredibly time-consuming. If you don’t have set per diem rates and instead reimburse for specific expenses, this feature is a must. When you have employees who spend money as part of their role, you want to make it easier to reimburse them for their spending. If you drive for work purposes or you have employees who do this, using a solution that includes mileage tracking tools can be beneficial. This will allow you to limit employee overspending and can make it easier to stay on budget. Having to categorize each business expense can take a lot of time, so look for programs that include auto-categorization features.Ĭhoosing a solution that offers mobile access is recommended, as this will allow you to monitor spending when you’re away from work.įor expense tracking software or solutions that offer card access, having access controls can be a great feature. Most software on the market makes it easy to do this.

It should be easy for you to upload receipts to keep a detailed record of your spending. What to look for when choosing free expense tracking softwareĪs you begin to explore free software for expense tracking, there are certain features you’ll want to look for: Related: Looking for paid expense software tools? Check out these 6 paid expense tracker software options. Choosing an expense tracker software free option allows you to manage your business expenses without having to pay for additional programs. It can also help your business trim costs because you’ll be more aware of where your money is going, and you may find you’re paying for things that you don’t really need. This software can help your business be more organized when it comes to financial matters and help you reimburse your employees more accurately for business-related expenses. This can make it easier to have a clearer picture of where the company’s finances stand and what a business’s current cash flow is like. What is expense tracking software?Įxpense tracking software offers tools that make it easier for business owners to organize and understand their business expense costs.

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