David Barrett, Author at Expensify Blog Expensify Blog

Accounting for foreign currency with Expensify

David Barrett — August 1, 2023 — Leave a comment

Wondering how to account for foreign currency in your travel expense reports? Expensify makes it simpler than ever.

What is foreign exchange accounting?

Foreign exchange accounting is the process of recording business expenses in currencies other than your own.

If you’ve ever taken a business trip to another country, for instance, then you’ve likely found yourself wondering how to get reimbursed for expenses you paid for in yen (or euros, or yuan, or any other type of foreign currency) instead of dollars.

In All, Product Info currency, currency conversion, expense reports, mileage tracker, new feature

[Newsletter] What we’ve been working on all year

David Barrett — December 12, 2018

Hey there, I have some news to share that I think you’re going to like (and if not you, then definitely someone you know). In short: Expensify has just launched new plans for individuals at only $5 per month! As crazy as it sounds, this is by far our most commonly requested feature, but it has taken us 10 years to get around to it. Continue Reading…

In Announcements Expense, Expense Management, expense reports, expenses, expensify, preaccounting, Realtime expense reports, receipt tracking, receipts

[Podcast] Voices in AI: Solving the Right Kind of Problems

David Barrett — June 12, 2018 — Leave a comment

Last week I spoke with Byron Reese, the host of Gigaom’s “Voices in AI” podcast. We chatted about everything from what the “artificial” in AI really means to the importance of what’s in front of the curtain rather than what’s behind the curtain, and how AI can be used to solve real-world problems by focusing less on advanced technologies and more on what we can do with that technology.

Read or listen to the full podcast here!

In Thought Leadership AI, Artificial Intelligence, technology

[Newsletter] 10 Years of Expense Reports that Don’t Suck

David Barrett — January 10, 2018 — 2 Comments

Can you believe that Expensify turns 10 this year? I’m 42, so that’s nearly a quarter of my life devoted to the dark arts of expense management, and it has gone by so fast. It feels like just yesterday we launched our app for the iPhone (which also just turned 10), making us the first cloud-hosted, receipt-scanning expense management app, ever, for any phone. Since then, we’ve added more customers than the next four competitors *combined* — doubling our customer count this year alone. Continue Reading…

In Announcements

Scaling SQLite to 4M QPS on a Single Server (EC2 vs Bare Metal)

David Barrett — January 8, 2018 — 8 Comments

Tips and tricks for scaling SQLite for 4M real-ish queries per second on a single server, and how bare metal compares to EC2 for this workload.

In All, Announcements, Engineering, Thought Leadership bedrock, EC2, expensify, performance, sqlite

[Newsletter] The best way to #BurnYourReceipts

David Barrett — July 26, 2017 — 4 Comments

Hello! I hope you’re enjoying the height of summer (or winter) wherever you are. I just wanted to give a quick update on some incredible progress with one of our lesser known but increasingly important features: receipt integrations.

In Announcements bill.com, BurnYourReceipts, business travel, Expense Management, ExpenseReportsThatDontSuck, expensify, FinancialForce, lyft, Lyft for Business, newsletter, preaccounting, receipt integrations, SmartScan, travel

CEO Fridays: #Preaccounting: The Job We All Hate, But Must Do

David Barrett — June 9, 2017 — 1 Comment

Everybody knows what accounting is:

Accounting [uh-koun-ting] (noun)

The theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.

But what is “preaccounting”? Not everybody is as familiar with this newer concept, so I’ll go ahead and define “preaccounting” as:

Preaccounting [pri–uh-koun-ting] (noun)

The system through which financial data is gathered, coded, aggregated, and normalized so as to enable accounting to occur; accounting processes executed by non-accountants, including expense management, time tracking, etc.

In layman’s terms, preaccounting is the super boring, tedious work that nobody wants to do, but that absolutely needs to be done before the truly valuable accounting work can begin. Unlike accounting, which is clearly the job of accountants, preaccounting is nobody’s job. Continue Reading…

In Announcements Accounting, automation, best practices, Expense Management, preaccounting, technology

Expensify Sues Abacus for Patent Infringement

David Barrett — June 2, 2017

Innovation is a tricky thing in that it makes the impossible seem boring. I think it’s amazing that my 2.5 year old daughter will never really understand why it’s called “rolling up the window”, that google wasn’t always a verb, or that rocket ships were actually thrown away like garbage into the ocean after each use. People innovate to change the world, but once changed, we forget it wasn’t always that way.

In Announcements

[Newsletter] 15K new customers in 2017 so far, introducing Copilot, and about the new mobile update

David Barrett — May 30, 2017 — Leave a comment

Howdy! Just wanted to check in and share some updates from Expensify:

1) Expensify crosses 35,000 global customers
Did you know that Expensify now has more customers than Concur? Continue Reading…

In Announcements copilot, expensicon, mobile app, newsletter, office culture, product, wingman

[Newsletter] Huge update for submitters, admins, and HR teams

David Barrett — December 13, 2016 — 3 Comments

Hey there, I just wanted to share a couple major developments on the Expensify side:

Named Preferred Partner by the AICPA and CPA.com
Launched Concierge Inbox on mobile
Launched a new Zenefits integration
Launched a new Greenhouse integration

In Announcements AI, concierge, Greenhouse, Inbox, mobile, newsletter, zenefits

Expensify Blog

Archives For November 30, 1999

Accounting for foreign currency with Expensify

[Newsletter] What we’ve been working on all year

[Podcast] Voices in AI: Solving the Right Kind of Problems

[Newsletter] 10 Years of Expense Reports that Don’t Suck

Scaling SQLite to 4M QPS on a Single Server (EC2 vs Bare Metal)

CEO Fridays: #Preaccounting: The Job We All Hate, But Must Do

Expensify Sues Abacus for Patent Infringement

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