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Best Small-Business Expense Trackers of 2024

Business expense trackers organize your expenses and highlight where you spend the most money. Consider what features you need and the cost of the software.
By Karrin Sehmbi, Hillary Crawford
Last updated on April 29, 2024
Edited by Sally Lauckner
Fact checked and reviewed

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Using software to track your expenses can save you time and money and help your employees operate more efficiently. In addition, it provides insight into your business’s spending habits, making your life (and your accountant’s) a whole lot easier come tax season.
Consider business expense trackers that are made specifically for your most common type of spending. For example, if your employees drive a lot for work, narrow your choices down to software products that primarily track mileage. Additionally, make sure the tracker integrates with your accounting software to minimize manual data entry.
Here are some of the best business expense trackers for small businesses.

Best Small-Business Expense Trackers

Product
Promotion
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Xero

Learn more

on Xero's secure website

5.0/5

Best for Accounting software with business expense tracking features

$20/month

Additional pricing tiers (per month): $47, $80.

95% off for 3 months

plus get a $300 Amazon voucher (terms apply).

Learn more

on Xero's secure website

QuickBooks Online

Learn more

on QuickBooks Online's secure website

5.0/5

Best for Accounting software with business expense tracking features

$35/month

Additional pricing tiers (per month): $65, $99, $235.

70% off

for first three months or free 30-day trial.

Learn more

on QuickBooks Online's secure website

FreshBooks

Learn more

on FreshBooks' secure website

4.5/5

Best for Accounting software with business expense tracking features

$19/month

Additional pricing tiers (per month): $33, $60, custom.

75% off

for 3 months. 30-Day Money Back Guarantee.

Learn more

on FreshBooks' secure website

Zoho Expense

Learn more

on Zoho Expense's secure website

Best for Mobile expense tracking app

$0

Additional pricing tiers (per user per month): $5, $9, custom.

14-day free trial

Learn more

on Zoho Expense's secure website

Expensify

Best for Overall business expense tracker

$5/month

Per user. Additional pricing tiers (per user per month): $9 under annual subscription.

N/A

Certify

Best for Feature-rich business expense tracker

$12/month

Per user. Additional pricing tiers (per month): custom.

14-day free trial

SAP Concur Expense

Best for Business expense tracker for midsize and enterprise businesses

N/A

Quote-based.

15-day free trial

Our picks for

Accounting software with business expense tracking features

Learn more

on Xero's secure website

Starting at
$20/month

Additional pricing tiers (per month): $47, $80.

Promotion
95% off for 3 months

plus get a $300 Amazon voucher (terms apply).

QuickBooks Online

Learn more

on QuickBooks Online's secure website

Starting at
$35/month

Additional pricing tiers (per month): $65, $99, $235.

Promotion
70% off

for first three months or free 30-day trial.

FreshBooks

Learn more

on FreshBooks' secure website

Starting at
$19/month

Additional pricing tiers (per month): $33, $60, custom.

Promotion
75% off

for 3 months. 30-Day Money Back Guarantee.

Our pick for

Mobile expense tracking app

Zoho Expense

Learn more

on Zoho Expense's secure website

Starting at
$0

Additional pricing tiers (per user per month): $5, $9, custom.

Promotion
14-day free trial

Our pick for

Overall business expense tracker

Expensify

Starting at
$5/month

Per user. Additional pricing tiers (per user per month): $9 under annual subscription.

Our pick for

Feature-rich business expense tracker

Certify

Starting at
$12/month

Per user. Additional pricing tiers (per month): custom.

Promotion
14-day free trial

Our pick for

Business expense tracker for midsize and enterprise businesses

SAP Concur Expense

Starting at
N/A

Quote-based.

Promotion
15-day free trial

Our picks for the best business expense trackers

Xero

Best accounting software with business expense tracking features
Why we picked it: Xero is one of NerdWallet’s top-rated accounting software products. As an integrated accounting solution, Xero includes tools to help your small business track and manage expenses. The expense tracking features include receipt scanning, mileage tracking, a dashboard and reporting capabilities as well as an employee mobile app for easy mileage tracking and expense report submission. Choosing an all-in-one accounting solution like Xero that includes expense management can help you consolidate software subscriptions and, overall, save money. Read our full Xero Accounting review.

QuickBooks Online

Best accounting software with business expense tracking features
Why we picked it: As one of the most ubiquitous accounting solutions on the market, QuickBooks Online has built well-rounded software that includes invoicing and bill management, project management, payment processing, reporting and mileage and expense tracking. If you’re already using QuickBooks for small-business accounting, then you may not need to look outside the product’s existing features to meet expense tracking needs. The software lets you connect business bank accounts to automatically monitor and categorize expenses, scan and upload receipts and generate reports to monitor spending and expenses. And the mobile app lets you track expenses and miles, among other capabilities, on the move. Read our QuickBooks Online review.

FreshBooks

Best accounting software with business expense tracking features
Why we picked it: FreshBooks is NerdWallet’s top pick for accounting software for freelancers and self-employed professionals. If you’re a business of one with simple accounting, billing and expense tracking needs, FreshBooks is a strong and economical choice to manage all of those within a single software solution. The software gives you access to unlimited estimates and invoices, budget and billing management, unlimited time and expense tracking, automated bank imports, mileage tracking, tax reports and more in both the Lite and Plus plans. And if your business hires contractors or has a team of employees, FreshBooks offers plans with a number of additional features, including accounts payable and dedicated customer support. Read our complete FreshBooks review.

Expensify

Best overall business expense tracker
Why we picked it: Expensify’s business expense tracking features include unlimited receipt scanning, the ability to import personal and business credit card transactions and next-day reimbursement on approved expense reports. Expensify integrates with a variety of other applications, such as Uber and Lyft for automatic receipt import, QuickBooks and Xero for accounting, and Zenefits and Gusto for human resources.
To access lower pricing for paid plans, business owners can use Expensify’s business credit card and pay their subscription annually as opposed to monthly. The company offers plans for self-employed entrepreneurs, too.

Certify

Best feature-rich business expense tracker
Why we picked it: Certify’s software extends beyond expense management to include travel management, corporate credit cards and reimbursement payment processing. Certify’s business expense tracking capabilities for both plans include a mobile app for creating and submitting expense reports, receipt scanning, user roles and approval workflow management and other features. Both plans also enable a QuickBooks integration, but to integrate with other accounting and business-related software, you’ll need to upgrade to the Professional plan.

Zoho Expense

Best mobile expense tracking app
Why we picked it: Zoho Expense offers a solid set of features in its free plan, including mileage tracking, personal card connections, customer and project tracking and accounting integrations. Upgrading to a paid plan opens a host of additional features related to travel, card spending and management, expense reports, budgets and more. Zoho Expense integrates with other business software products including QuickBooks, Xero, G Suite, Slack and Lyft.

SAP Concur Expense

Best expense tracker for midsize and enterprise businesses
Why we picked it: As part of SAP’s ecosystem of enterprise-level business software, Concur Expense places an emphasis on data security, policy compliance and automated technology capabilities. That along with the company’s quote-based pricing makes it a likely fit for medium- and enterprise-sized businesses. Concur’s additional software for travel management and invoicing round out a complete spend management solution for businesses.

How do business expense trackers work?

Business expense trackers are typically accessible online or with an app on your mobile device. When you sign up with a provider, you will receive an account and access for a set number of employees.
Sign-up processes differ from product to product, but most trackers require some basic business and banking information. To get the most out of the software, you'll want to link it to a business checking account or business credit card. Your employees will also have the option to link their personal bank accounts so that they can be reimbursed for approved, business-related expenses after submitting receipts.
Business expense trackers organize expenses and highlight where you spend the most money. They can also help you avoid overspending. For instance, you can group all inventory or marketing-related expenses to see if you are maintaining your budget for each line item. These insights make it easier to sustain cash flow.

How to choose a business expense tracker

Most business expense trackers contain at least a couple of the following features. Determine which trackers have the best versions of the features you plan to use most.

Compliance

All expense tracking software must comply with the Sarbanes-Oxley Act (SOX), also known as the “Public Company Accounting Reform and Investor Protection Act.” The purpose of SOX is to protect investors by improving the accuracy and reliability of corporate disclosures.
In addition, all business expense tracker apps should provide data storage for up to seven years. This is required by the IRS should an audit request ever be made.

Integrations

Your business expense tracker should integrate with your accounting software for the smooth transfer of information between stakeholders within the company. Most applications will integrate with major providers, such as QuickBooks and Xero.

User interface

If employees will be submitting expenses on behalf of the business, it should be easy for them to get set up and use the software. Finding a platform that is simple and accessible can save you logistical headaches down the road. If you have employees outside of the country, you will want to make sure they can access the software in their local language and submit expenses in their local currency (the software should do the conversion).

Mobile access

Part of being user-friendly means also having a robust mobile app. After all, the best way to track expenses is to input them into your system as soon as possible.
To that end, your app should have receipt image capture technology. This allows you to snap pictures of receipts with your phone and upload them directly to the app. The best business expense trackers have optical character recognition, which automatically converts handwritten or printed text into machine-encoded text, allowing you to glean as much specific information as possible from receipts without manually entering any information.

Analytics

Your business expense tracker should be able to organize expense data to help you better understand where your money is going. For example, you should be able to see the differences in spending week to week, month to month and year to year. You should also be able to create budgets and assign expenses to a specific project to see if you are spending within your means.
Last updated on April 29, 2024

Methodology

NerdWallet independently reviews accounting software products before determining our top picks. We collect the data for our software ratings from products’ public-facing websites and from company representatives. Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy.
NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. The best accounting software received top marks when evaluated across 10 categories and more than 30 subcategories. Learn more about how we rate small-business accounting software.
These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. We encourage you to research and compare multiple accounting software products before choosing one.
NerdWallet does not receive compensation for any reviews. Read our editorial guidelines.
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