Travel is an essential aspect of business and often entails expenses that must be accounted for and tracked. However, keeping track of the costs incurred on the go can be challenging, especially if done manually. There are so many expenses to track, from transportation to accommodation and meals; it’s essential to have a reliable and efficient way to keep track of your expenses.
On the bright side, we live in a digital world with dozens of travel expense apps that can help simplify this process. This article will highlight the top five travel expense apps you can download today to keep track of your business expenses.
What’s an Expense Tracker App?
An expense tracker app is a digital tool that helps individuals and businesses track and manage expenses. These apps often allow users to input expenses, categorize them, and generate reports for reimbursement or accounting purposes. The result is saved money and time and a streamlined expense tracking process.
Many expense tracker apps also integrate with accounting software and bank accounts, making it easy to transfer data and track expenses in real time. This automation leaves little room for human error and fraud which often leads to losses in a business. But to achieve this, you have to pick out the best travel expense tracker app among the hundreds available.
What Are the Best Expense Tracker Apps?
Best Overall: Expensify
Expensify is the best travel expense tracker app, thanks to its vast array of features and automation capabilities. It provides a streamlined and easy-to-use interface that makes it easy for SMBs and large-scale businesses to track expenses. Here are Expensify’s most popular features:
- Next day direct deposit
- Live travel notifications
- Auto-categorization
- SmartScan technology
- Receipt tracking
- Mileage tracking
- Credit card integration
- Multiple currencies
- Financial reporting
- Invoicing
- Compatible with all operating systems
Expensify has a free version that allows up to five scans per month. You can also upgrade for unlimited scans at $5 per month per user. The only con with Expensify is that you must manually sort the receipts.
Runner-up: Zoho Expense
Zoho’s effortless expense tracking and quick approvals make it the second-best expense tracker app on this list. Its features include:
- Simplified approval hierarchy
- Mileage tracker
- SmartScan receipt upload
- Supports various currencies
- Connect credit cards for quick reimbursement
- Log miles using a built-in GPS
Best for Travel Expense Management: SAP Concur
SAP Concur, previously known as Concur, is a top choice for travel expense management, providing businesses with an end-to-end solution for their travel and expense needs. Some of its features include:
- Integration with travel booking systems
- Automatic receipt capture and processing
- Customizable expense reports
- Multiple payment options
- Approval workflows
- Credit card integration
- Real-time spending insights
- Support for multiple languages and currencies
- Easy reimbursement process
- Mobile app for on-the-go expense tracking
SAP Concur is a paid service with plans starting at $8 per user per month. It’s ideal for larger businesses that require a comprehensive and scalable solution for their travel expenses.
Best for Personal Expense Tracking: Mint
Mint is a popular personal finance app that also includes an expense tracker feature. It allows users to track their expenses by category and provides a clear overview of their spending. Features include:
- Budget tracking
- Automatic transaction categorization
- Bill reminders
- Investment tracking
- Credit score monitoring
- Integration with bank accounts
- Free credit report
- Support for multiple languages and currencies
Mint is a free app, making it a great choice for individuals who want to keep track of their expenses.
Best for Teams: Fyle
Fyle is a travel expense management app designed specifically for teams. It streamlines the expense reporting process and saves teams time and resources. Some of its features include:
- Automatic receipt capture
- Expense report generation
- Integration with accounting software
- Multiple payment options
- Approval workflows
- Credit card integration
- Support for multiple languages and currencies
- Customizable expense policies
- Real-time spending insights
Fyle offers a free trial, and its paid plans start at $7 per user per month. It’s ideal for small and medium-sized businesses that need a solution for their team’s expenses.
The Bottom Line
These are the top five travel expense apps that you can download today. Whether you’re a small business, a large corporation, or an individual, there’s an app that can help you streamline your expense tracking and save time and resources. Choose the app that best fits your needs, and start saving today!
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