6 Nonprofit budgeting apps to help better manage funds

Don’t know cost to my company, but as a frequent traveler is invaluable to me. The Expensify software has an interactive interface available for iOS, Android, and in a mobile app form as well. Using the app takes one click or two for most functions, and the Expensify community answers any questions on how to do something or where to go. With Expensify you will also be able to be reimbursed through the system. You can set up ACH reimbursement after creating a direct deposit account to receive funds. Then the employer and employee need to both make ACH reimbursement with Expensify, and then expenses can be paid out right away.

Expense management

• WealthEngine helps your nonprofit identify and manage wealth indicator information about your prospects.
• SignUpGenius is a platform for nonprofits that offers several volunteer opportunities.
• This can vary depending on the organization’s size and specific requirements.
• They offer a range of pricing plans that cater to businesses of all sizes, from sole traders to large corporations.
• If you choose one of Expensify’s free plans for individuals, you get up to 25 SmartScans a month (meaning you can upload 25 receipts a month).

The nature of nonprofit work makes it especially important to stay on top of a budget. Fortunately, there are some purposeful apps that make this easier to manage, without taking too much out of your accounting budget. Businesses with employees can access a free plan if they also use the Expensify Card. And if you’re an individual, freelancer, or solopreneur who just wants to scan and catalogue up to 25 receipts a month, you can use Expensify’s Track or Submit plans for free. Connect your corporate cards for automatic transaction import, receipt matching, and reconciliation. His experience runs several categories, including SaaS, Marketplaces, and professional services.

Is Expensify good for small businesses?

• Expensify’s pricing is competitive compared to other expense management tools.
• Choose the NetSuite payable account to which transactions from this card will be exported.
• When she’s not working on marketing at Expensify, you’ll most likely catch her spending too much money at the local flower market.
• In the following sections, we’ll take a closer look at the key features of each platform, their pricing, integration capabilities, user experience and support, and more.
• Nonprofits typically use 2-4% of their annual revenue for technology.

It supports Certinia and Workday sync, multiple expense approvers, and SAML/SSO for secure access. Admin-enforced controls and custom insights provide robust policy enforcement and detailed reporting. Expensify offers a variety of pricing plans to cater to different business 5 Main Benefits of Accounting Services for Nonprofit Organizations needs, from small startups to large enterprises.

How do I upload expenses?

Its top offerings are tailored to provide greater visibility into spending and to streamline the expense reporting process. With features such as e-receipts and direct integration with credit card transactions, Concur reduces the need for manual data entry, thereby minimizing errors and saving time. FreshBooks is a cloud-based accounting software that includes expense tracking features.

The Statement of Functional Expenses is a key component of a nonprofit organization’s financial reporting. It provides a detailed breakdown of expenses according to their functional categories, such as program services, management and general administration, and fundraising. This statement offers transparency into how resources are utilized to achieve the organization’s mission, fostering trust among donors, stakeholders, and the public. Choosing between Divvy and Expensify ultimately depends on your nonprofit organization’s specific needs and priorities.

• Expensify is a receipt-scanning and expense-organizing software program.
• If your active users are more than the actual amount you originally set, you will be charged pay-per-use rates which are higher.
• The Collect plan is designed for small businesses seeking advanced workflows and efficient expense management.
• Its free plan provides unlimited receipt tracking and expense management.
• If you work for a mission-driven organization, you probably have enough on your mind without also needing to worry about tracking receipts and getting reimbursed.

The most popular plan is Giving Essentials, which starts at $25/ month. It’s unfortunate and unjust that teachers and support staff need to subsidize certain student costs https://greatercollinwood.org/main-benefits-of-accounting-services-for-nonprofit-organizations/ amongst severe educator shortages and underfunding for schools. Most teachers spend their own money on essential school supplies to help their students learn and feel more comfortable in class. We simplify full transparency for all, allowing our donors and volunteers to connect and make positive permanent changes. The most popular Expensify plan for now is the Collect plan, which was designed especially for SMEs and startups.

When it comes to expense management software, two popular options are Expensify and Zoho Expense. Both of these software solutions offer a range of features and benefits that can help you streamline your expense management processes and save time and money. Its free plan for businesses includes corporate card management, employee reimbursement, invoicing, and bill management. It’s affordable, comprehensive, and well-suited to companies where multiple employees submit expenses. While both Divvy and Expensify offer receipt capture and expense categorization features, Expensify has an edge when it comes to receipt matching.