Expensify Blog

Our mobile expense report app for the iPhone just got stronger, better, and faster (but remains free)!
Download your copy of our expense app version 2.0 here or find it by searching for “Expensify” in the app store.

What does the app do?

• Import expenses from your credit card or bank account
• Log and track your mileage
• Manage all of your expenses and receipts, offline!
  • Snap pictures and upload receipt images to your account
  • Log cash expenses right as they are incurred
• Create and submit an entire expense report from anywhere!
  • Add and categorize expenses,
  • Attach receipts, and
  • Send it off for reimbursement!

We’ve improved the functions of adding cash expenses and scanning receipt images to work offline. The next time you load the app with an internet connection, all of the added receipts and expenses will be uploaded to your account in the background, giving you the freedom to keep doing what you were doing.

In addition to capturing receipt images and adding cash expenses, the app now lets you manage and sort all of your expenses to create and submit an entire expense report right from your phone.

Download and install your copy of the Expensify iPhone mobile expense report app from the link or by going to the iPhone app store and searching for “Expensify”.

Our engineers have been working away at increasing the amount of supported banks for importing expenses. Today bears the fruit of their labor as a large addition of supported banks, covering the vast majority of all banks and credit card issuers in the US. For the curious, the full list of supported banks is at the very end of this post. If you’ve had to use OFX/QFX upload or gave up because you couldn’t import your expenses directly, now is the time to connect your bank!

Search for and select the bank from which to import expenses

Just start typing the name of your bank, and we’ll show you all matching results. Select your bank, and proceed to import your expenses from that account.

We’re still adding more banks and we need people to be part of a beta test. If you have an account with any of the banks below and would like it to be supported, email Nate, our bank maestro, and he’ll work with you to get your expenses imported.

A.G. Edwards – Wachovia Securities
Allegiance Bank
AltaOne Federal Credit Union
American Century Investments
APEX Community FCU
APL FCU
Arrowhead Credit Union
Atlantic Employees FCU
Bossier Federal Credit Union
Brownbuilder FCU
Clearview Federal Credit Union
Community First Credit Union
Compass Bank
Compass Bank for Savings – MA
C-Plant Federal Credit Union
Credit Union West
Decibel Community CU
Down East Credit Union
Ent Federal Credit Union
Fairwinds Credit Union
Farmers&Merchants State Bank(Boise)
Firstar Biz.e
First Horizon
First National Bank of Bryan
First Tennessee
Genisys Credit Union
Greenfield Savings Bank
Langley Federal Credit Union
Los Alamos National Bank
Meriwest CU
Mon-Oc FCU
M & T Bank
Municipal Employees Credit Union of Baltimore, Inc.
National City
National City Small Business
NetBank
Nevada Federal Credit Union
Nutmeg State FCU
Phenix FCU
Picatinny Federal Credit Union
Provident CU
SAC FEDERAL CREDIT UNION
Salt Lake City Credit Union
Sioux Empire Federal Credit Union
Smart Financial Credit Union
Sooper Credit Union
Southern National Bank of Texas
Southwest Airlines FCU
TD Bank – Online Banking
Telco Plus Credit Union
Tennessee Valley FCU
Texas State Bank – McAllen
The Laredo National Bank
T. Rowe Price
TRW Systems FCU
United Educators Credit Union
University Federal Credit Union
U.S. First FCU
VISA Information Source
Vista Federal Credit Union

The full list of supported banks is below:

1st Advantage FCU
66 Federal Credit Union
ABNB Federal Credit Union
Addison Avenue Federal Credit Union
Air Academy FCU
Allegiance Community Bank
Allegiance Credit Union
America First Credit Union
American Express
Amplify Federal Credit Union
APCO EMPLOYEES CREDIT UNION
Archer Bank
Ascentra Credit Union
Bank-Fund Staff FCU
Bank of America
Bank of Stockton
Bank of Tampa, The
Bank of the West
Bank One
Barnes Banking Co.
Baton Rouge City Parish Emp FCU
BB&T
BECU
Billings Federal Credit Union
B-M S Federal Credit Union
BNY Mellon
Bridgehampton National Bank
Camino FCU
Campus USA Credit Union
Capital One
Capitol Credit Union
CardMember Services
Cedar Point Federal Credit Union
Centra Credit Union
Central Florida Educators FCU
Central Maine FCU
Central Virginia Federal Credit Union
Centura Bank
Century Federal Credit Union
Charles Schwab Bank, N.A.
Chase
Chesterfield Federal Credit Union
Chicago Community Bank
Chicago Patrolmens FCU
Citadel FCU
Citibank
Citizens Bank
Citizens Community Bank – Chicago, IL
Collegedale Credit Union
Colonial Bank
Columbia Credit Union
Comerica Bank
Commerce Bank, NA
Commercial Federal Bank
Community 1st Credit Union
Community Bank of DuPage
Community Resource Bank
COMSTAR FCU
Consumers Credit Union
Continental Federal Credit Union
Credit Union One
Cyprus Federal Credit Union
DATCU
Day Air Credit Union
Delta Community Credit Union
Denali Alaskan FCU
Desert Schools Federal Credit Union
Diamond Credit Union
Diner’s Club Card
Discover Card
Dominion Credit Union
Dupaco Community Credit Union
DuPont Community Credit Union
Eastern Bank
Edens Bank
EDS Credit Union
Educational Employees CU Fresno
Educators CU WI – Direct
Elevations Credit Union
Envision Credit Union
FAA Credit Union
FAA Technical Center FCU
F&A Federal Credit Union
Fall River Municipal CU
FIA Card Services
Fifth Third Bancorp
Finance Center FCU (IN)
Financial Center CU
First Alliance Credit Union
Firstar
FirstBank of Colorado
First Citizens Bank – NC, VA, WV
First Commercial Bank – Chicago, IL
First Commonwealth FCU
First Community FCU
First Florida Credit Union
First Hawaiian Bank
First Interstate Bank – Direct
First Tech Credit Union
First USA
FivePoint Credit Union
Florida Telco CU
Fort Knox Federal Credit Union
Fort Stewart GeorgiaFCU
Fremont Bank
GCS Federal Credit Union
Guaranty Bond Bank
Hawaiian Tel Federal Credit Union
Hawaii State FCU
Hawthorne Credit Union
HFS Federal Credit Union
Home Federal Savings Bank(MN/IA)
Honolulu Federal Credit Union
Horizons Federal Credit Union
Huntington National Bank
IBM Southeast Employees FCU
Indiana Members Credit Union
ING DIRECT (Canada)
Insight Financial Credit Union
International Bank of Commerce
IronStone Bank
JPMorgan Chase Bank
JPMorgan Chase Bank (Texas)
JSC Federal Credit Union
Kekaha Federal Credit Union
Kennedy Space Center FCU
KeyBank
Kinecta Federal Credit Union
Kirtland Federal Credit Union
Kohler Credit Union
LaSalle Bank Midwest
Las Colinas FCU
Latino Community Credit Union
Local Government Federal Credit Union
Lone Star Credit Union
Market USA Federal Credit Union
Mayo Employees Federal Credit Union
McCoy Federal Credit Union
Merck Sharp & Dohme FCU
Metropolitan Bank – Chicago, IL
Michigan State University FCU
Mission FCU
Missoula FCU
Monterey Credit Union
Motorola Employees Credit Union
Mountain America CU
MTC Federal Credit Union
National Penn Bank
Nationwide Federal Credit Union
Navy Army Federal Credit Union
North Carolina Press Association Federal Credit Union
North Community Bank
NorthEast Alliance FCU
Northern Skies FCU
Northern Trust – Banking
Northwest Community Bank – IL
Novartis Federal Credit Union
NW Preferred Federal Credit Union
Ohio University Credit Union
Old National Bank
Oregon Community Credit Union
Oswego Community Bank
Palmetto Citizens Federal Credit Union
Patelco CU
Patriots Federal Credit Union
Peninsula Community Federal Credit Union
Plaza Bank Illinois
Postal Credit Union
PSECU
Qualstar Credit Union
Randolph Bank
Red Crown Federal Credit Union
Regions Bank
Reliant Community Credit Union
Sacramento Credit Union
SafeAmerica Credit Union
SAFE Federal Credit Union
Sandia Laboratory Federal CU
SchoolsFirst FCU
Security 1st FCU
SELCO Community Credit Union
Sierra Central Credit Union
Signal Financial Federal Credit Union
Silver State Schools CU
Siouxland Federal Credit Union
SmartyPig
Smith Barney – Transactions
SMW Federal Credit Union
Southeastern CU
Southern Community Bank and Trust
Spectrum Connect/Reich & Tang
Spokane Teachers Credit Union
State Employees Credit Union (NC)
Summit Credit Union (WI)
Suncoast Schools Federal Credit Union
SunTrust
TD Bank
Technology Credit Union – CA
Telhio Credit Union
Texas Dow Employees Credit Union
The Golden 1 Credit Union
The Mechanics Bank
The Queen’s Federal Credit Union
Think Federal Credit Union
Tri Boro Federal Credit Union
UMB Bank
Union Bank of California
United Health Services Credit Union
United Teletech Financial
Unity One Federal Credit Union
University Credit Union
USAA Federal Savings Bank
USAgencies Credit Union
US Bank
Utah Community Credit Union
UW Credit Union
Vantage Credit Union
Velocity Credit Union
Veridian Credit Union
Virginia Educators Credit Union
Wachovia Bank
Warren Federal Credit Union
Wells Fargo
Whatcom Educational CU
Windward Community FCU
WoodGrove Direct 1.02
Wright Patman Congressional FCU
WSECU
Yakima Valley Credit Union

Guest post By Mark Cummins, CPA

With two weeks until the April 15th tax deadline, will you be ready to file taxes on time and without any issues? If you’ve found yourself scrambling to do your taxes this year, making yourself and your tax professional crazy in the process, here is a top ten list of suggestions to make taxes next year a smoother process. By starting on a solid tax strategy now, you will be rewarded with less headaches and bigger deductions next year.

1. Use your credit or debit card for all business expenses – The IRS allows copies of credit or debit card statements for itemized proof of business expenses. Link the card with your Expensify account and get eReceipts for most expenses under $75, then capture receipts for big ticket items with their mobile app. It’s still good, however, to keep the receipts for very large purchases so file them away after you snap a picture.
2. Use one bank account for business – Open up a business checking account and run all of your expenses through it. Try to find a bank that has online banking, allows you to download transaction history in OFX or QFX format, and stores 7 years of statements, including check images.
3. File receipts immediately – A lot of deductions are lost due to missing receipts and documentation for the expense. Install any of Expensify’s mobile apps to take pictures of receipts as you get them. If you have a smart phone that is yet to be supported, simply snap a picture of the receipt and either email it or upload it to your account at first chance.
4. Organize your records – Make sure to group all of your expenses and their receipts in to categories like meals and entertainment, office supplies, travel, etc. If you’re not using Expensify to organize your expenses, keeping receipts sorted and categorized in manilla folders is the next best thing. Keeping your tax records in one place will save hours of frantic searching at tax time (and help you if the IRS comes knocking). Remember, when it comes to taxes, being organized is your friend!
5. Log your miles – If you use either the standard mileage deduction or actual costs for vehicle expenses, log your business miles as they happen. Enter in the stops on your trip and Expensify will calculate the mileage expense for you or pick up a calendar or mileage log at your local stationary store and write them in manually. Whichever way you track mileage, make sure it’s easy to add up and compute at years end.
6. Do monthly profit and loss statements – Often small business owners fail to “keep the books” on a regular basis. With all the bookkeeping software available there is no reason for you, or a hired bookkeeper, not to keep your books on a regular basis. QuickBooks is free to try and a good place to start. If you found a bank where you can download data, often you can organize and then upload your transaction history straight into your bookkeeping software.
7. Use a payroll service – Most payroll services offer special rates for small business owners, often at less than $50 per month. They will deduct all of the necessary federal and state taxes and then direct deposit your “net paycheck” into your personal account.
8. Perform a mid-year tax check up – Small business owners often fail to make proper estimated payments during the year, and then come up short on Tax Day. Contact your tax professional and estimate what your net income will be at year end based on how you are doing mid-year. Teaspiller provides online tax prep help. Teaspiller allows you to import all of your data from Expensify, and other popular small business tools, so you can have an accountant review everything without ever having to step foot inside their office. They’ll calculate your estimated tax liability and give you an idea of how much your quarterly estimated payments should be.
9. Keep a “Perm File” – Have a file box with your most important papers like homeowner’s policies, auto purchase agreements, loan documents, and business agreements, in one place. You may never need this come next April 15, but you’ll be glad you have it organized if you do.
10. Make a note of itemized deductions and credits – There are many standard deductions you can claim, which reduces the total income that can be taxed. Standard deductions may include child care costs, education costs, interest on your mortgage, charitable donations, and more. Find out which deductions you are eligible to claim and keep track of them in a separate expense report which you can hand to your tax professional.

Mark Cummins, CPA has over 20 years of experience in tax, accounting, and systems areas. He has extensive experience with the IRS Tax Court and manages a private CPA practice in Los Angeles, California. He’s also an expert available for help on Teaspiller, an online tax platform that allows small business owners to get help from tax experts around the country without ever leaving their office or home. Visit his profile at: http://www.teaspiller.com/mcummins.

Click here for more tips and information on how Expensify and Teaspiller can help you come tax time next year.