Non-Profit Expense Management Software: Streamline Your Finances

Reimburse employees across borders with local currencies and fast, secure payouts wherever business happens. Expensify was simple to tailor (both fields and groups for employees), allowing us to align it perfectly with our needs and establish distinct parameters for various employee groups. You have a lot to consider when hiring for fractional or full time sales help. We’d be happy to help you choose the best path forward and share potential candidates that meet your needs.

Anaplan Key Features

Upon detecting potential fraud, the corporate card is locked down, and it can take 5-14 days to receive a new physical card. The good thing is that you can https://holycitysinner.com/top-benefits-of-accounting-services-for-nonprofit-organizati/ still manage and use virtual cards during this time, minimizing disruptions to your organization’s operations. Expensify is the all-in-one platform that automates your expense management from receipt scanning and corporate cards to travel booking and reimbursements. With realtime visibility, smart integrations, and powerful insights, you can make better financial decisions and focus on what matters most.

Offerings

The Control plan caters to large enterprises with complex needs, offering everything in the Collect plan plus advanced integrations with NetSuite, Sage Intacct, and QuickBooks Desktop. The Expensify card currently is available to any company with a US bank account. That includes freelancers and self-employed individuals, not just big companies. With free cards for employees and no fees, there’s a lot to like about using the Expensify credit card. Expensify’s mobile app (and web app) is built for all types of employees and contractors. Give your staff more of their time back every month when they use Expensify to track expenses, upload receipts, and submit reimbursement requests.

Creating price strategies

• The Free plans start you off with Expensify cards, invoicing, and paying bills.
• We’d be happy to help you choose the best path forward and share potential candidates that meet your needs.
• The Statement of Functional Expenses is a key component of a nonprofit organization’s financial reporting.
• Nonprofit accounting software streamlines fund accounting, financial health, and reporting requirements while meeting regulatory standards.
• The platform offers valuable donor information to enhance the organization’s fundraising events.

No more guessing games – just crystal-clear insights that empower you to make informed financial decisions on the fly, no matter how big or small your organization’s budget. Expensify’s SmartScan technology utilizes optical character recognition (OCR) to automatically extract information from receipts and invoices. This includes details like merchant names, transaction amounts, and dates. Maintaining an accurate record of expenses is crucial for any nonprofit organization and absolutely essential for transparency and accountability. An SFE is in accordance with Financial Accounting Standards Board (FASB) standards so stakeholders have a clear view of expenses, both from a functional and natural classification.

• Expensify’s SmartScan technology utilizes optical character recognition (OCR) to automatically extract information from receipts and invoices.
• Priced at $9 per user, the Control plan targets larger enterprises demanding robust expense management capabilities.
• GrantHub makes it easy for your nonprofit organization to identify potential grant opportunities.
• A 30-day free trial is also offered, which includes a guided walkthrough of core planning capabilities, and a step-by-step guide for planning, reporting, and dashboards.
• In conclusion, Expensify serves as a valuable ally for nonprofit organizations seeking to streamline their financial management processes.
• Connect your corporate cards for automatic transaction import, receipt matching, and reconciliation.

It’s free for you and your employees to use Expensify corporate cards, and you’ll encounter $0 in added fees. That includes no annual fee, no interest fees, no late payment fees, no fees for global ACH transfers, and no foreign transaction fees. Expensify’s pricing is determined by your plan, number of users, and whether or not you also use Expensify’s corporate card. Learn how IDEO.org use Expensify’s QuickBooks integration to make their expense reporting process easier accounting services for nonprofit organizations than ever. Issue the Expensify Card in a matter of minutes, and start earning cash back on every US purchase. Expensify lets you set up physical and virtual corporate cards for as many employees as you need.

• By automating the often overwhelming process of capturing, reporting, approving, and reimbursing expenses, this nonprofit expense management software frees up valuable time and resources.
• I found this feature particularly helpful when traveling, as it eliminated the need for manual conversions and ensured accurate financial records.
• We’ll explore this report in easy to understand terms without you needing a finance degree.
• Excel or Google sheet could work but that’s still tedious and time-consuming.
• By comparing their features, benefits, pricing, and user experiences, you can make an informed decision about which platform is best suited for your organization.
• These plans vary in features and pricing, allowing businesses to choose the one that best fits their requirements.
• A nonprofit statement of activities is one of the key financial reports every leader should know how to read.