The old way of generating expense reports is cumbersome and time-consuming, which is why the founders behind Abacus decided businesses needed a digital alternative. The application they created replaces traditional expense reports with a series of online tools that employees can use to submit expenses as they go and get repaid by their employers in record time.
Set up Abacus at your business, and encourage your employees to use the web-based application to submit for reimbursable expenses. Employees who download Abacus’ mobile app can snap photos of receipts with their smartphones, categorize those expenses, and then submit for reimbursement in real-time. They can also add notes to clarify the nature of any ambiguous purchases. As a manager, you’re notified immediately when an expense is submitted. You can view a copy of the receipt in question on your smartphone, and approve the expense right away. If you have a question about the purchase, just leave a comment on the expense and wait for your employee to respond with an answer.
Abacus makes it easy to link personal or corporate credit cards to user accounts, which means approved reimbursements can be sent directly to an employee’s bank and made available the next day. Abacus also provides businesses with plenty of analytics and financial management tools, which allows managers to quickly filter and track expenses, while also syncing with cloud-based accounting platforms like Xero and Quickbooks Online.
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