Expensify vs. QuickBooks Solopreneur

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Expensify
Score 7.7 out of 10
N/A
Expensify automates the entire spend management process. Scan receipts, track mileage, submit and approve expenses, manage corporate cards, reimburse employees, pay bills, send invoices, and book travel. Built for individuals and companies of all sizes, anywhere in the world.
$5
per month per user
QuickBooks Solopreneur
Score 8.0 out of 10
N/A
Custom-built for the business of one, QuickBooks Solopreneur features tools to help drive growth and financial stability.N/A
Pricing
ExpensifyQuickBooks Solopreneur
Editions & Modules
Collect
$5
per month per user
Control
$9
per month per user
No answers on this topic
Offerings
Pricing Offerings
ExpensifyQuickBooks Solopreneur
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsAnnual price plan option available.
More Pricing Information
Community Pulse
ExpensifyQuickBooks Solopreneur
Features
ExpensifyQuickBooks Solopreneur
Expense Management
Comparison of Expense Management features of Product A and Product B
Expensify
8.4
Ratings
2% below category average
QuickBooks Solopreneur
-
Ratings
Employee Expense Reporting8.90 Ratings00 Ratings
Corporate Card Reconciliation7.80 Ratings00 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
Expensify
7.5
Ratings
9% below category average
QuickBooks Solopreneur
-
Ratings
Customizable Approval Policies6.60 Ratings00 Ratings
Financial Document Management8.20 Ratings00 Ratings
Payment Status Tracking8.30 Ratings00 Ratings
Payment Audit Trail8.70 Ratings00 Ratings
Duplicate Bill Detection6.70 Ratings00 Ratings
Advanced OCR6.60 Ratings00 Ratings
Electronic Funds Transfer7.80 Ratings00 Ratings
User Ratings
ExpensifyQuickBooks Solopreneur
Likelihood to Recommend
9.1
(0 ratings)
7.9
(0 ratings)
Likelihood to Renew
10.0
(0 ratings)
-
(0 ratings)
Usability
7.0
(0 ratings)
-
(0 ratings)
Support Rating
8.5
(0 ratings)
-
(0 ratings)
User Testimonials
ExpensifyQuickBooks Solopreneur
Likelihood to Recommend
I think it's really good for small businesses. At least in the way we use it. It's very good for keeping an eye on employee spending in nearly real time. I'm not sure how it works for larger companies when there is a larger number of people to keep track of.
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QuickBooks Solopreneur is best suited in Reconciling Bank Accounts, as it helps in fixing the entries already deleted, helps in matching to the existing transactions, helps in creating credit memos QuickBooks Solopreneur is less appropriate in suggesting General Ledger based on the descriptions and also in updating the transctions from banks in bank feeds.
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Pros
  • I am able to submit my mileage and the great feature to put the starting destination and end destination. It auto populates the mileage for you!
  • The coniserge is helpful and reminds me when I did not do certain things like submit my report. That’s a nice feature!
  • I am able to submit my expenses quickly and it scans the receipts or you can upload a picture of them very quickly.
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  • Showing entries which are deleted by mistake
  • Suggests the perfect match for the transactions which already exists
  • perfectly sync's all information from bill.com
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Cons
  • Cant choose for specific lines of non -reimbursable expenses to several credit cards. only one preconfigured.
  • there are limited cards to choose for with Expensify Travel as a corporate cards.
  • The policy rules are pretty basic. i would like to have more granular options
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  • Need to help in fixing sync errors
  • Need to help in finding GL accounts to which a transaction has been coded, with the help of description.
  • Need to help in updating all the transactions once clicked on update quickly
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Likelihood to Renew
Our company will use Expensify for as long as it will fit our purposes. However, it is obvious that once the fast-growing company will reach a certain size, we will need to transition to a more complex system. For our current purposes however, Expensify is great and I would recommend it to everyone
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Usability
So simple to set up and use. It was easy to roll out to all our staff! The demos, instructions, and FAQ's were well written and enabled us to train our staff quickly. We have frontline employees who have mastered the system in a day. The scalability is also perfect. We are able to start with just a few cards and grew that number as our organization needed without any problems.
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No answers on this topic
Support Rating
Our rep has been amazing. He has built custom reports for us that have been very time consuming and difficult. Our reps are also currently looking into new submission solutions for us that we are excited about. They came up with this and recommended it on their own without me complaining about an issue. They are about our success and are very excited about the product they offer.
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No answers on this topic
In-Person Training
No answers on this topic
Not applicable. I am a ProAdvisor and I do not allow my clients (with few exceptions) to work in QuickBooks Online. I am the only person booking transactions, etc.
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Implementation Rating
The implementation process went rather smoothly, linking it to the bank and cards was handled easily. without too many unnecessary steps. Getting the accounts setup did take some time, but that would be true with any organization. All in all things went smoothly and I was very pleased with the setup and implementation process
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No issues encountered with implementation. Runs smoothly.
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Alternatives Considered
Concur is the only formal software I've used, though I think this was only used in my PhD program (2010-2014), so in fairness, it's been a while. I remember Concur being just OK. It was certainly easier to use than the 'upload documents to email' process my former employer had instituted, but it was not Expensify-level smart and easy. At least back then, there was no simple drag-and-drop document parsing for example.
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Solopreneur stacks up well against the above-mentioned competitors. Their competitive advantage was the convenience and familiarity of products, since we have used QuickBooks Online before. I believe each product has strengths and weaknesses that make it almost interchangeable. Each company/entrepreneur needs to evaluate the top features and needs to see which solution is the best fit.
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Return on Investment
  • Positives include - timely expense reports to reconcile our fiscal year financials
  • Negatives include - the monthly service fee per employee (even if no expenses were generated that month) - it is not cost effective for ALL of our employees to utilize the application.
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No answers on this topic
ScreenShots

Expensify Screenshots

Screenshot of the dashboard used to manage expenses, book travel, reimburse employees, and create expense reports.Screenshot of corporate cards. The Expensify Card offers cash back on every US purchase.