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Online Expense Sheet

Harvest offers customizable expense management with detailed reporting, ideal for small businesses seeking efficient tracking solutions.

EXPENSE REPORT DRAFT

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The Shift to Online Expense Sheets

Online expense sheets have transformed how organizations manage their expenses by moving away from cumbersome manual processes to streamlined digital systems. By 2025, it's projected that 90% of businesses will operate paperless, significantly reducing administrative overhead and environmental impact. This transition is driven by a need for greater efficiency and cost control in an increasingly complex financial landscape.

Harvest plays a pivotal role in this shift by offering customizable expense categories and detailed reporting, ideal for small businesses looking to optimize their expense management. With Harvest, businesses can effortlessly track expenses, monitor trends, and make informed decisions.

Mobile-First Expense Management

Mobile applications are rapidly becoming the dominant method for expense reporting, with 54% of submissions being mobile-based in 2021. By 2025, it's expected that 75% of businesses will primarily use mobile apps for their expense management needs. This trend reflects the growing demand for real-time, on-the-go financial oversight.

Harvest caters to this trend by offering cross-platform accessibility, including robust mobile apps for iOS and Android. This ensures that employees can log expenses, track mileage, and create reports from anywhere, providing businesses with the flexibility and immediacy necessary for effective expense management.

Customizable Categories and Detailed Reporting

Effective expense management requires the ability to categorize and track various types of expenses. Harvest excels in this area by allowing administrators to create customizable expense categories tailored to their specific business needs. This feature is particularly beneficial for businesses with diverse spending patterns.

Moreover, Harvest provides detailed expense reports that can be filtered by date, allowing for monthly tracking and trend analysis. This capability enables small businesses to gain insights into their spending habits, ensuring that financial resources are allocated efficiently and strategically.

Travel Expense Tracking and Reimbursement

Tracking business travel expenses can be complex, involving lodging, meals, and mileage. Harvest simplifies this process by enabling users to create custom expense categories specifically for travel-related costs. Additionally, Harvest supports mileage tracking with per-mile reimbursement calculations.

This functionality ensures that businesses can accurately account for travel expenses, enforce compliance with company policies, and streamline reimbursement processes. By providing these tools, Harvest helps businesses maintain transparency and control over their travel-related expenditures.

Streamline Expenses with Harvest

The preview shows how Harvest lets you create customized expense sheets for efficient tracking and reporting.

Screenshot of Harvest's online expense sheet tool

Online Expense Sheet FAQs

  • An online expense sheet is a digital tool that helps individuals and businesses track and report their expenses. It offers features like customizable categories, real-time reporting, and integration with mobile apps. This shift to digital platforms has made expense management more efficient and accessible.

  • Customizing an expense sheet template involves creating categories that match your specific business needs. With Harvest, administrators can easily set up different expense categories and track expenses by date, allowing for detailed financial insights and trend analysis.

  • Mobile apps are crucial for expense management because they provide real-time access and flexibility. As businesses increasingly rely on mobile solutions, tools like Harvest's mobile apps enable users to log expenses and track mileage on-the-go, ensuring timely and accurate expense reporting.

  • Harvest simplifies travel expense tracking by allowing users to create custom categories for lodging, meals, and mileage. It also supports mileage tracking with reimbursement calculations, ensuring accurate and compliant travel expense management.

  • Using an online expense sheet streamlines the process of recording and managing expenses, reduces the risk of errors, and provides real-time financial insights. It also eliminates paper-based methods, reducing administrative overhead and improving efficiency.

  • Harvest supports small businesses by offering customizable expense categories and detailed reporting tools. These features help businesses track monthly expenses, monitor spending trends, and make informed financial decisions, leading to more efficient expense management.

  • Yes, Harvest supports mileage tracking for business-related travel. Users can set a per-mile rate, which Harvest uses to calculate total reimbursement, simplifying the process of tracking and managing travel expenses.