The Benefits of Integrating Expensify With Your Accounting Software

Expensify offers sophisticated expense management functionality and has its benefits amplified when the data it tracks is automatically pulled into your accounting software.

Expensify is a cloud-based expense management software designed to simplify expense management processes within a business. It does this by tracking expenses, paying bills and creating expense reports. The software also has collections capabilities that enables it to generate vendor invoices, collect payments, and more. One of the many perks of Expensify is its ability to track employees’ business expenses easily through an app. This is especially useful for employees who often need to track their corporate spending. Even foreign receipts can be recorded and the data saved in the Expensify app.

While the software offers sophisticated expense management functionality, its benefits is amplified when the data it tracks is automatically pulled into your financial reporting system. Having the software integrated with your accounting software means that you can do just that.

Expensify offers integration with some of the most popular accounting software solutions on the market, including QuickBooks and NetSuite. Integration allows for an automatic transfer of expense data from the Expensify platform to your accounting software, which streamlines the process of expense reporting, and eliminates the need for manual data entry.

Expensify integration with QuickBooks 

Expensify and QuickBooks integrations work to simplify accounting processes as it automates income and expense data to your financial records via the integration which allows for your financial reporting to be updated as transactions take place within your business. The integration also records in-app expense tracking activities like mileage tracking, credit card transactions, and more. 

Some of the benefits of an Expensify and QuickBooks integration:

  • Streamlined financial reporting: Because Expensify automatically tracks income and expenses, the data is seamlessly integrated into QuickBooks, where your accounting data is updated. Not needing to input this data manually minimizes the risk of errors and helps to keep your accounting records up-to-date.
  • Improved visibility and data reliability: With synchronized and updated data, you have access to all the information you need at your fingertips to take decisions that expand and grow your business. You can also feel confident in the numbers when filing your taxes with the IRS.
  • Save time and money: The integration helps to save you time on data capturing which could be a tedious task when done manually. This also helps reduce errors that could incur penalties when filing your taxes.

Expensify integration with NetSuite

NetSuite is an enterprise resource planning (ERP) software that helps medium to large enterprises manage finances, operations and more. Integrating NetSuite with Expensify is beneficial on several fronts:

  • Improves reporting accuracy: The integration eliminates expense recording, which saves you time and improves the accuracy of your financial reports.
  • Gives you a reliable overview of business finances: With real-time updates to your financial reports, as the expenses happen, your business will have a better overview of its financial position on the exact day that a report is pulled. The NetSuite-Expensify integration facilitates synchronized data to present you with updated reporting as transactions happen.
  • Improves decision-making: As your business gains access to updated data, you will have better visibility of your financial position. This allows you the information you need to make more informed financial decisions and better control of your budget as you gain real-time insights into expense trends within your business.

Whether your business makes use of QuickBooks or NetSuite as its accounting software preference, Expensify offers great benefits to the accounting software systems with which it integrates. By automating the expense reporting process, your business minimizes the risk of errors and increases data integrity. Both NetSuite and QuickBooks integrations with Expensify also aid business compliance with tax laws and regulations by accurately tracking expenses and providing detailed records.

Expensify offers sophisticated expense management functionality and has its benefits amplified when the data it tracks are automatically pulled into your accounting software. To implement this integration and discover how your business can get the most out of it, contact a CPA or financial expert for help.

Fusion CPA is a team of professional accounting controllers. We understand Expensify’s features and are experts at both QuickBooks and NetSuite accounting software. We can help you software solutions and integrations to help you better manage your finances and grow your businesses.

Schedule a Discovery Call


This blog article is not intended to be the rendering of legal, accounting, tax advice or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.