Expensify App Review

No matter how often you file for reimbursement from your employer, expense reports can be tedious and time-consuming.

Employees typically are required to scan all their receipts, log each transaction, itemize any fees and taxes, categorize the type of spending and so on.

If you’re often bogged down by just the idea of having to do an expense report, there is software out there that can do the work for you.

Out of a dozen-plus apps that CNBC Select reviewed for our list of the best expense tracker apps, Expensify stood out for being the best app for business expenses. Its SmartScan technology automatically codes any receipt you scan and logs the expense for you. The app also links to your bank account and company credit card, tracks your mileage and categorizes your spending.

Below, CNBC Select reviews the Expensify app to give you all the details on its features, including the tools, perks, safety, pricing, availability and ratings so you can decide if it is the right app for your expense reporting needs. (See our methodology for more information on how we choose the best expense tracker apps.)

The Expensify app makes it easy for individuals to track their transactions and submit expenses to their employer.

With just one click, users scan their receipts through the app and SmartScan will read and automatically log their receipt details including the date, merchant and amount. Users can also email their receipts to [email protected] to have them coded and logged.

For any other transactions, Expensify links to your bank account and personal or company credit cards to automatically import those expenses. And when it comes to your mileage, Expensify connects to your GPS to easily track how much you drive for work.

Expensify automatically categorizes your expenses (but users can customize) and displays a web dashboard that shows your spending by different categories with time references.

If you’re ever submitting expense reports for work, the Expensify app is worth looking into you for simple tracking and quicker reimbursement.

By scanning receipts and logging all your transactions for you (including your mileage), you save time that can otherwise be spent on your actual job. The app provides a dashboard that makes it easy to review your work expenses and go over them should you need to with your manager.

If you don’t typically file expense reports for any reason but want an app that tracks your personal spending, consider Mint (it’s free), Goodbudget (great for beginners) and, for those serious about budgeting, You Need A Budget (YNAB).

To determine which expense tracker apps offer the best user experience, CNBC Select analyzed over a dozen apps offered by the top companies in this market and looked at their pricing, features, user reviews and ratings.

We narrowed down our ranking by only considering apps that primarily focus on expenses, come with low (or no) cost to sign up, are easy to use and can be accessed on multiple devices so are accessible and compatible for most.

The five apps we selected for this ranking are either free, offer a free version or have a free trial for users to test out before signing up.

All of the apps in our round-up have a sizable number of user reviews and high ratings. The apps on this list have tens of thousands of reviews in the App Store (for iOS) and on Google Play (for Android) combined, as well as a rating over 4 stars (out of 5) on either platform.

Other factors we looked at included apps’ security features, user customization and educational tools offered.