Sign up to try AbacusĬheckout more information about Abacus or pricing information. Where you can use AbacusĪbacus is currently available for US customers. When it’s time to reconcile, Xero will automatically match bank debits to Abacus, so all you’ll have to do is click OK. Abacus is a cloud-based expense reporting package that is available to US businesses of all shapes and sizes. Designed to automate many aspects of the expense process and increase efficiency. This bill will contain an itemized list of expenses broken out by employee and properly categorized. Abacus is a cloud-based expense reporting package that is available to US businesses of all shapes and sizes. Custom automation enforces policy compliance on each expense and routes them to specific approvers. Employees use a mobile app to submit expenses right when they happen. Once you sync Abacus with Xero, you’ll be able to select which categories employees should be able to choose from and map them up to Xero’s general ledger.Īnytime Abacus debits your corporate bank account to issue an employee reimbursement, it will push a bill and corresponding bill payment into Xero. Abacus is a cloud-based T&E solution that offers midsize teams a highly efficient way to track and control expenses, reimburse employees, and book travel. Who is it for?Ībacus is simple enough for the small team of 5 that just wants to get reimbursed for work-related expenses and powerful enough for organizations with more than 200 employees that require a specific workflow and robust controls. It’s also easy to invite your accountant, just like with Xero. Whether teams use corporate cards, personal or even cash, Abacus will manage all employee communications, direct deposit reimbursements as soon as next day, and sync nightly with your Xero accounting software. Through the dashboard managers gain instant visibility into company spend. The mobile app uses contextual data to help employees submit expenses as they’re happening. Expenses are then automatically and logically organized into Live Reports as they enter the system according to their business purpose.Abacus replaces traditional expense reports with a modern application for real-time employee expense system. Each expense is submitted and entered into the system in real time, giving admins instant visibility into spend. It is the only platform to remove the arbitrary employee-generated expense report from the process - making submitting and reviewing expenses faster and more accurate. INSTANT VISIBILITY INTO SPENDING AND BUDGETSīuild custom analysis reports with real time data to help you identify trends and manage budgets.Ībacus is a real time expense reporting solution that automates expense creation and approvals. Sync expenses into your accounting software using either cash or accrual method as they are approved so that your books are always up-to-date. The company developed an expense reporting software that helps managers to maintain employee expenses and reimbursements, reconcile corporate credit cards, and. Once an expense is approved, Abacus handles the reimbursement and direct deposits into the employee's bank account. Routing rules then automatically send the expense to the best suited approver. Policy rules are applied before expenses can be submitted in order to reduce violations. Abacus is the easiest way for you to reimburse your team, reconcile corporate credit cards, and implement your expense policy.Īccess your Abacus to track expenses from anywhere!ĬAPTURE ACCURATE EXPENSE DATA FROM EMPLOYEESĪbacus drafts expenses using reliable data sources such as receipts, card transactions, past behavior, CRM fields, and geolocation to ensure records are complete and accurate.ĪUTOMATE YOUR EXPENSE POLICY AND APPROVAL HIERARCHY Abacus is the only platform to replace arbitrary employee-generated expense reports, making submitting and reviewing expenses faster and more accurate.
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