Archives For November 30, 1999

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. 

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Here at Expensify, we think a lot about how a business can start with Expensify and then never grow out of us. It is easy to say, but monumentally hard to do at scale.

This requires a simple enough app so individuals can use it for simple expense tracking. No integrations, no rules, it’s just replacing a manila envelope to store receipts. These people might have yet to form a business. It might just be an idea and the dream of actually starting the business with hopes of paying yourself back or getting a tax break for those expenses.

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You’ve decided your business is ready to roll out an app to help manage employee spend and track expenses, but you’re not sure where to start. We’ve got you covered! We’ve highlighted a list of essential features that you should look for when comparing your options on the best expense management app on the market. 

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AI and blockchain create a powerful synergy, redefining the way we perceive and engage with Fintech. This dynamic duo is empowering individuals and businesses with new tools, making the future of Money Management bright. 

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Thinking about expanding your accounting firm’s services to include Client Accounting Services (CAS) for small businesses? That’s a smart move! Today, we’ll show you how to level up your CAS business with the help of Expensify, the ultimate super-app for small businesses.

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Ah, expense reports—a dreaded but unavoidable aspect of corporate life, or any life, really. No one really savours the task (nobody in their right mind anyway), but it seems there have always been two types of employees: those who meticulously calculate every penny after every work trip and submit their reports on time every month, and those who put it off until they receive passive-aggressive threats from Brian in accounting.

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If you haven’t given it a go yourself, do it. It’s a really fun tool to play around with. I’ve used it to proofread my writing, help plan an upcoming trip, and am exploring how to integrate it into the Expensify app. So naturally, I decided to ask ChatGPT, “What is the best expense management app?”

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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…

Expensify Dashboard

2017 has been the year of partnerships for Expensify: We’ve launched a number of receipt integrations, an AirPlus Partnership, and now we’ve joined 9 Spokes as a featured widget in their data dashboard!

The newly-launched 9 Spokes dashboard offers users key insights and a real-time analysis of their business data, allowing users to see the full picture of where their business stands from both a financial and growth perspective.

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Just one year ago (almost to the day!), we launched our first round of receipt integrations. Our vision was to eliminate paper receipts by importing them into Expensify directly from the most commonly expensed merchants, such as Uber, HotelTonight, and Revel Systems POS. We added Lyft to the roster last week, and the receipt fire still burns! Here are our five newest receipt integrations, all focused on smoothing the pains of business travel:

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