
Of course, there are already a bevy of other companies that provide expense reporting tools, such as Expensify and Concur, so Abacus will have to work hard to get into the hands of employees and the hearts of managers.
#Abacus expense free#
Managers aren’t left out, either. Abacus gives them mobile and desktop tools to quickly get in touch with employees and get clear reports of their expenses.Ībacus currently charges $5 per user, per month, but it’s free for companies that process fewer than 10 expense reports per month. You can also get reimbursed the next day, straight into your bank account. Your manager can even send you a private message regarding a particular entry (think Twitter’s direct messages).īut moving beyond the Instagram analogy, you can link your credit cards to your app, which will immediately input your purchase into your expense account.

The app geo-tags your entries (you know, like tagging that photo with the dive bar where you took it). Perhaps this has to do with lack of location access, but it doesn’t give any such indication.Call me a “digital native” if you want, but Abacus reminds me of Instagram - a version of Instagram that handles my expense reporting. You take photos of your receipts and add the amount, just as you would simply add a caption to your photo.

INSTANT VISIBILITY INTO SPENDING AND BUDGETSīuild custom analysis reports with real time data to help you identify trends and manage budgets.Ībacus is a real time expense reporting solution that automates expense creation and approvals.
#Abacus expense software#
Sync expenses into your accounting software using either cash or accrual method as they are approved so that your books are always up-to-date.

Once an expense is approved, Abacus handles the reimbursement and direct deposits into the employee's bank account. Routing rules then automatically send the expense to the best suited approver. Policy rules are applied before expenses can be submitted in order to reduce violations. Abacus is the easiest way for you to reimburse your team, reconcile corporate credit cards, and implement your expense policy.Īccess your Abacus to track expenses from anywhere!ĬAPTURE ACCURATE EXPENSE DATA FROM EMPLOYEESĪbacus drafts expenses using reliable data sources such as receipts, card transactions, past behavior, CRM fields, and geolocation to ensure records are complete and accurate.ĪUTOMATE YOUR EXPENSE POLICY AND APPROVAL HIERARCHY
