Harvest
Expenses
Sign up

Company Expenses Software

Harvest provides mobile-friendly expense tracking and multi-currency support, making it ideal for small businesses seeking efficient project-based expense management.

Start for free
  • Attach receipts to projects & tasks
  • Turn tracked expenses into client invoices
  • Free 30-day trial, no credit card needed

or drag & drop • Images and PDFs, max 10 MB

Why Automate Company Expense Management?

Automating company expense management is crucial for reducing costs and increasing efficiency. Traditional manual processes are not only time-consuming but also prone to errors, with 19% of expense reports typically containing inaccuracies. This can lead to companies spending nearly 3,000 hours annually on corrections. Adopting automated solutions can cut processing costs by up to 50% and lead to overall savings of 34% through enhanced accuracy and reduced manual effort. By 2025, 75% of businesses are expected to rely on mobile applications for managing expenses, underscoring the shift towards automation and mobility.

Harvest addresses these challenges by offering mobile-friendly expense tracking applications for both iOS and Android devices. This allows employees to capture and upload receipts on the go, reducing the likelihood of lost or misplaced receipts and ensuring timely submission of expense reports. Moreover, Harvest supports multiple currencies, facilitating expense management for global teams and ensuring compliance with international financial standards.

Streamlining Expense Reporting with Harvest

Effective expense reporting is essential for maintaining accurate financial records and ensuring compliance with tax regulations. The Internal Revenue Service (IRS) examines around 6 million taxpayer returns annually, highlighting the importance of meticulous documentation. For businesses, missing receipt documentation can lead to penalties and disallowed deductions. By integrating expense management software with existing systems, companies can enhance accuracy and reduce the risk of errors or fraud.

Harvest excels in helping businesses streamline their expense reporting processes. While it does not offer real-time visibility across departments, Harvest enables users to track expenses by project and category, simplifying financial oversight at the project level. Integration with QuickBooks Online and Xero facilitates efficient invoice management, ensuring that financial records are accurate and up-to-date. This integration is vital for businesses seeking to improve their financial management practices.

Enhancing Global Business Operations with Multi-Currency Support

For companies operating internationally, managing expenses across different currencies poses a significant challenge. With cloud-based expense management solutions dominating 74.18% of the market by 2025, it's clear that global operations require robust tools to handle multi-currency transactions. Businesses engaged in international trade must ensure accurate financial tracking to avoid costly discrepancies and maintain compliance with local regulations.

Harvest offers essential support for multi-currency transactions, allowing businesses to set default and client-specific currencies. Although it does not perform currency conversions, this feature is particularly beneficial for companies with clients or operations in multiple countries, ensuring that financial reports reflect accurate currency values. This capability makes Harvest an ideal choice for small businesses seeking straightforward, project-based expense management on a global scale.

Manage Company Expenses with Harvest

Explore Harvest's mobile-friendly interface for tracking company expenses. Ideal for small businesses with multi-currency needs.

Harvest expense tracking interface for company expenses

Company Expenses Software FAQs

  • Company expenses software can significantly reduce processing costs by up to 50% and save up to 34% overall through automation. It also minimizes errors in expense reports, which occur in 19% of cases, saving companies nearly 3,000 hours annually in corrections.

  • Mobile access allows employees to submit expenses and upload receipts in real-time, which is crucial as 54% of expense reports were submitted via mobile apps in 2021. By 2025, 75% of businesses will rely primarily on mobile applications for managing expenses.

  • Yes, Harvest supports multi-currency transactions by allowing businesses to set default and client-specific currencies. This feature is beneficial for companies with international operations but does not include currency conversion.

  • Harvest integrates with QuickBooks Online and Xero, facilitating efficient invoice management. This integration helps maintain accurate financial records and streamlines the invoicing process, although it does not provide seamless data flow for expenses.

  • SMEs often face challenges like time-consuming expense reports, unclear expense policies, and credit card reconciliation. Automation can reduce the time spent on expenses by 30%, improving efficiency and reducing errors.

  • Harvest allows users to track expenses by project and category, which simplifies oversight. While it doesn't offer AI-driven insights, its structured approach helps maintain accurate and up-to-date records.

  • Businesses should develop clear expense policies, automate management processes, define approval workflows, and integrate systems. Implementing these strategies can reduce manual effort and improve compliance.