Expense management is defined as the deployment of applications and systems by businesses to determine and track their expenses. The expenses normally include the costs related to inventories, stocks, taxes, salaries, acquisitions, and many related aspects.
Expense management is a difficult task if it is done manually. It can also take a considerable amount of time to deliver satisfactory outcomes. As a result of which, businesses can incur significant losses and can lose clients as well. Thus, there are different software applications that help businesses to manage their expenses quite efficiently.
To reduce operational and financial costs, businesses always want to keep their expenses and accounting software in a single place. QuickBooks is an all-in-one software solution that businesses use for their different accounting purposes. Combined with QuickBooks Desktop Enterprise and Online Advanced, QuickBooks is now serving more than 200,000 customers in the mid-market.
The beauty of QuickBooks is it can integrate with many expense management applications, which makes expense management and accounting tasks go parallel with each other. As QuickBooks can be hosted easily on the cloud, the applications that integrate with the software can also be hosted along with QuickBooks on the cloud.
So, here are 7 expense management applications that can be integrated with QuickBooks software.
1. Accounting CS
Accounting CS is professional accounting software for CPAs and accountants that bring trials, financial statement analysis, payrolls, bank-based accounts all in one place. It has a wide range of expense management characteristics like the customizable fitting of entity types, automated reporting management, and the provision of a controlled environment as well.
In addition, Accounting CS has a smart interface that finds and verifies the required information accountants need, reducing the time required to enter the data. The software can also integrate with QuickBooks, giving the required flexibility to accountants to serve multiple clients of various businesses and entities.
When Accounting CS is integrated with cloud-hosted QuickBooks or its versions, there are many advantages that are related to it. Employees can work in real-time and collaborate with other employees and clients as well.
AvidXchange is an expense management application that helps businesses manage their accounts payable and facilitate payment automation.
When AvidXchange is integrated with QuickBooks, it enables users to incorporate an easy, fast, and secure way to create invoices and do/accept electronic payments. Also, the software reduces the processing costs and saves time by completely eliminating the usage of paper.
BigTime is an expense management software that integrates with QuickBooks, making the migration of data like clients, invoices, and expenses for businesses easy and hassle-free. BigTime adapts to the existing settings for QuickBooks in order to make communication seamless. Some functions of BigTime include:
- It can post invoices from QuickBooks for the purposes of record-keeping, bookkeeping, and processing.
- It can control the data when exported to QuickBooks and also customize the project views.
- It eliminates repetitive data entry, saving valuable time, and takes up clients’ projects directly from QuickBooks with zero downtime.
BillQuick is an expense tracking software with additional benefits like project management and time tracking. It is used for professional services by accountants and CPAs. The software is also important for other non-finance based businesses like engineering, architects, legal consultants, and education industries.
Here are some functions which make expense tracking an easier job for accountants and other businesses:
- Auto-populate timesheets
- Run Multiple Timers Concurrently
- Record Time and Expense
- Manage Invoices
- Connect Mobile Apps
BillQuick makes billing simple and unsophisticated. The application enables automatic invoices, reducing the elements of manual errors in it. It has extensive reporting capabilities that help businesses gather actionable insights and analyze their financial statements more precisely.
Another attribute of the application is its own mobile application that lets a user work from anywhere, anytime, albeit with a required internet connection.
Bellwether is purchasing software that can be seamlessly integrated with QuickBooks. Some functions of Bellwether include requisitions, purchase order management, inventory tracking, stock management, approval routing, and checking statuses of self-service.
When Bellwether gets synced with the QuickBooks application, users can easily keep an eye on their inventory by tracking it across many warehouse locations. As a result of which businesses can run their operations in less time and minimize costly errors.
Thus, it lowers the operability costs and increases profits in the meantime. Integration with QuickBooks also adds to the software’s basic accounting features, bringing in inventories, vendors, and purchase orders on a single platform.
Expensify is a cloud-based business and expense management software that helps manage expenses and transactions using real-time data processing. It enables businesses to manage various accounts along with their summaries and date calendars, maintaining transparency.
The powerful tool tracks project expenses by calculating the amount of time and money spent by an employee or a business. It can also calculate travel expenses incurred by a user, both internationally and domestically, by converting currencies and taking up purchase receipt records and photocopies.
In fact, it can automate the entire expense process saving time, money, and physical resources. Integration with QuickBooks minimizes manual entries. The software is compatible with any kind of device without a change in its interface and can be used with cloud-based QuickBooks.
HammerZen is a bill management software that imports Home Depot receipts into QuickBooks. It also helps to import purchase items, track inventories, categorize consumer classes, and maintain profitability for the businesses. It enables businesses to automate tasks, set frequencies and rules, and assign projects for their consumers as well.
The software can be integrated with QuickBooks and is one of the very important expense management apps listed.
These are some of the best expense management applications that integrate with QuickBooks to offer businesses a complete accounting solution.
So, are there any other expense management apps that can be integrated with QuickBooks that we missed out on? Please comment in the comment section below.
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