Fyle expense

Give your customers an easy way to manage the expenses made on your travel management platform with Fyle’s white-labelled expense management platform and Expense API. Trusted by Thousands of Customers Become a full service travel + expense management platform Add Fyle’s pre-built expense management solution to your travel offering, allowing customers to book travel, manage expenses, reconcile spend, and simplify accounting—all from your platform. Open new revenue streams Combine easy business travel booking with robust expense management to increase platform usage. Boost revenue from existing customers and attract new users with an all-in-one solution. Deploy fast, go to market faster Launch Fyle’s expense management solution within weeks, not years. Become a one-stop-shop for your customers without the need for extensive development. Increase customer loyalty Enhance user adoption and reduce churn by offering powerful new expense management features. With easy receipt submission via text, your users will choose your platform over competitors. Real-time APIs from every card network Fyle has industry-first integrations with payment networks like Visa, Mastercard and American Express. Real-time APIs pull transactions from these networks within seconds of card swipe, giving cardholders much-needed real-time visibility into their spending. All this without any tech dependency on credit card issuers. With minimal effort, you get access to travel and other expense data directly from card networks. Travel and Expense Management: Seamlessly Combined Your customers get access to superior expense management with automated receipt collection, easy reconciliation, real-time feeds, advanced analytics, accounting integrations, and more. On-the-go expense tracking → Spend Insights → Easy credit card reconciliation → Reliable accounting integrations → Travel and Expense Management: Seamlessly Combined Your customers get access to superior expense management with automated receipt collection, easy reconciliation, real-time feeds, advanced analytics, accounting integrations, and more. On-the-go expense tracking Spend Insights Easy credit card reconciliation Reliable accounting integrations Auto-create expenses for bookings made on your platform. Users can track expense receipts on the go via Text Messages, Gmail, Outlook, Slack and more. Automated expense reports and expense rules make expense reporting effortless. Provide customers with actionable data on travel spend through advanced analytics. Break down spending by airlines, merchants, hotels, and more, helping them make informed decisions. Accountants not only get real-time visibility into credit card spend, but can also automate receipt collection and matching, ensuring card expenses are reconciled at the end of the month. Fyle has powerful, 2-way integrations with accounting software like NetSuite, Sage, QuickBooks, MS Dynamics, Xero, and more. Ensure accurate coding and easy expense sync between expense management and accounting. Fyle is a full-service offering Fyle’s expense management platform is backed by years of expertise, specialization and customer usage. Along with the features, give your customers the benefit of best-in-class support, security, and

Crunch numbers before you settle on a solution.Create an Easy to Understand Cell Phone Reimbursement PolicyWhatever expense reimbursement policy you craft, make sure the guidelines are abundantly clear. Clear and concise language: Use simple terms that are easy for employees to understand.Detailed guidelines: Outline specific expectations for eligible employees, reimbursement amounts, required documentation, and the reimbursement process.Employee access: Ensure the policy is easily accessible to all employees.Also Read:Expense Reimbursement: Definition, Tips, and Other FAQsHow Can Fyle Help With Cell Phone Stipends?In today's fast-paced world, everybody is dependent on phones for the majority of the day. It's no surprise that cell phone reimbursement has become a hot topic. Yet, the question remains: How much of that is for personal use, and how much is work-related? Companies across the globe are trying to answer this question.Here’s where we come in. Fyle can automate the entire expense reimbursement process, from creating clear expense policies to submitting expense claims to actually reimbursing your employees! Schedule a demo today, and let's get started!FAQs Around Cell Phone ReimbursementWhat are Bring Your Own Device (BYOD) Policies?BYOD, or bring your own device, policies are becoming more common in work environments. Under these policies, many employers are paying anywhere from $30 to $50 per month toward employee cell phone bills. This figure varies depending on the company and the agreed-upon policy. These payments are referred to as mobile stipends. Employers consider several factors when drafting accountable policies for candidate reimbursement and determining stipend amounts. Here are just a few:Carrier feesMobile management overheadNew device purchasesMobile expense management software‍But these BYOD policies cover much more than cell phone bills. They also address security measures that keep the information of both the employee and the company safe and confidential.How Much Should I Reimburse Employees For Cell Phone Use?The amount you reimburse employees

Allowed per user per day.ProsExcellent personalization.Integration with other services like Lyft and Zoho solutions is seamless.The subscription service Zoho One is reasonably priced.ConsReimbursement may be delayed if problems arise with the submitted expenditures.PlatformsIt works on Web Browser, Android, and iOS.PriceUp to three users and twenty Receipt Autos cans, Zoho’s services are free for a single company. In addition, they provide three distinct price tiers:Standard (99 Rs/month)Premium (199 Rs/month)Enterprise (299 Rs/month)5. EverlanceEverlance is yet another best business expense trackers that can monitor both your costs and your distance for you and serves a dual purpose. The free mileage tracker software is fully automated, which means that it uses GPS to generate mileage reports while requiring very little input from you.It also computes how much of your taxable income you can deduct based on the current mileage rates established by the Internal Revenue Service. According to estimations provided by Everlance, users who subscribe to the company’s mileage monitoring software deduct more than $6,500 a year from their taxes. This is a significant sum for any individual who owns a small business.Using just one swipe, you can determine whether a drive is for business, personal use, charity, etc. In addition to this, it enables you to snap images of receipts and link your bank account and credit cards so that spending may be imported immediately.Below are some interesting expense-tracking features of the toolFeaturesCustom expense and transaction rulesIRS-compliant mileage logExporting availableGPS includedProsExpense and mileage reporting in one convenient appThe number of users is unlimited across all plans. (unlimited billable clients)All premium subscriptions provide unlimited automated trip detection.Approval workflow user interface that looks goodConsThe Free plan does not allow linking a credit card or bank account.No route planning functionalityThere is no employee punch-in/punch-out timesheet.PlatformsIt works on Web Browser, Android, and iOS.PriceIf you are an individual, you can use it for free. Also, it has premium (5$ per month) and premium plus (10$ per month) features, records GPS-based trips, and manages other expenses all on one, user-friendly platformThere are three packages for businesses:Occasional Driver (Free)CPM Program (10$ per month)FAVR Program (33$ per month)6. FyleThe business expense tracker app known as Fyle allows firms to exercise full command over their pre-accounting procedure from beginning to end. The tools that employees use regularly, such as Slack, G Suite, Teams, etc., make it simple for workers to report and keep track of their spending.In addition, approvers do not need to manually examine each expenditure report since Fyle automates pre-submission checks to ensure compliance. This saves a significant amount of time.Fyle has recently introduced a real-time expenditure management service available to any Visa cardholder in the United States. Because of this, any small or mid-sized business may now have access to the comprehensive capabilities included in an expenditure management program without changing their credit cards.Because real-time feeds are available, finance teams no longer need to rely on bank feeds to collect receipts for card expenses; instead, they can do so in real-time via text message.FeaturesScannable receiptsAnalyticsBudgetsIncome and expenditure monitoringOne-step authorizationsOrganization

Of Private CardsProsVery easy to use24/7 customer serviceSupports multiple currenciesConsCan’t use the mobile app to send in receipts through email.Unfortunately, Fyle does not work with Safari.PlatformsIt works on all platforms, such as Desktop Apps, browsers, MacOS, Android, and iOS.PriceThere are three pricing plans available:Standard (6.99$ per month, which is billed annually)Business (11.99$ per month, which is billed annually)Custom pricing (based on the number of active users* and volume of usage)7. QuickBooks OnlineDiscover your top spending categories, monitor your spending patterns over time, and generate reports to understand how much you spend with each vendor comprehensively. You may take pictures of the receipts you need for your taxes using the QuickBooks mobile app and then save those pictures to your computer.Maintain an orderly and centralized repository for all your expense tracking information to ensure you never overlook a potential deduction. Bring in all of your bank and credit card transactions automatically, and they will sort them into the appropriate categories for you.QuickBooks Online is accounting software hosted in the cloud. It offers comprehensive support for all your real-time expense tracking requirements. You may provide your bookkeeper or accountant access to your files, making this subscription-based service useful for various sectors.ProsWidely employed by accountants and bookkeepers.Simple budgeting toolSimple in use for expense reportingConsA bit costly compared to other expense-tracking appsVery Limited SupportMistake correction has a steep learning curve.PlatformsIt works on Web Browser, Android, and iOS.PriceAs of 30th April 2023, Intuit will no longer provide access to its QuickBooks products or services in India.8. SAP Concur ExpenseSAP Concur is a system for managing travel and expenses intended to assist companies and the workers of those enterprises in streamlining the process of employee reimbursement. You probably already know how time-consuming this may be if you’ve been required to provide a copy of a receipt to your company’s accounting department.SAP Concur blends mobility, rapid responses, speedy operations, and user-friendly technology to create an amazing user experience. This combination makes it comfortable and enables SAP Concur to deliver an outstanding user experience.It makes the process of automatically creating a claim for expenses, submitting it for approval with just a few clicks, and processing a quick refund with minimum room for mistakes very straightforward. Let’s get into the nitty-gritty of what an SAP Concur solution brings to the table and how it assists organizations in better managing their travel and entertainment expenses (T&E).FeaturesApproval WorkflowAudit ManagementAudit TrailBilling & InvoicingBooking ManagementCash ManagementCategorization/GroupingCorporate Card reconciliationCredit Card ManagementCustomizable FieldsCustomizable ReportsProsManagers’ requests may now be monitored and approved on the go with this handy mobile app.Improved interface and timely alerts/reminders for users whose claims have been waiting in the queue for a while.Managers get audit warnings before approval, allowing more scrutiny of submitted documents.ConsDespite their extensive background with user interfaces, they could simplify the shown elements.Expense report clarifications may need greater user (claim reporting) engagement.Enlisting additional partners like American Express may lessen the need for monetary settlements. We are now treating this online payment as though it were made in cash.PlatformsIt works