Keeping track of your expenses is important, especially if you run your own business. You'll need to manage your daily, weekly and monthly expenses for tax and bookkeeping purposes. And your employees will need to track expenditures incurred during work hours in order to be reimbursed later. But tracking spending manually is a hassle, and paper reports are easy to lose. That's where your smartphone comes in. The right apps make it easy to manage your expenses on the go by taking advantage of your phone's features, including the camera and GPS sensor. Here are seven of the best.
Expense Tracker (Free) – iOS
Expense Tracker (available for iOS) lets you quickly record individual expenses so you can get back to work. Expenditures are grouped by week, month or year, and you can create dynamic graphs for a visual look at your spending with a few taps. It's also simple to generate expense and income entries at the end of each spending period. Expense tracker lets you track multiple accounts, and gives you easy access to the spending history for each account. The app also includes support for a variety of different currencies.
Expense Manager (Free) – Android
Expense Manager (available for Android) makes expense tracking easier with a variety of built-in tools. That includes a calculator, currency convertor, tip calculator and a tax calculator. The app lets you set up and track multiple accounts with multiple currencies in each. It tracks and sorts expenses by week, month and year, as well as by user-defined categories. And Expense Manager also works as a digital receipt manager; just snap a photo with your camera and let the app do the rest. You can back up your reports to Dropbox, Google Drive or a microSD card.
Expense Manager Free (Free) – iOS
Expense Manager Free (available on iOS) is a simple expense-tracking app to help you track daily, weekly and monthly spending. It lets you quickly enter individual expenses in a few seconds, and sort them by category or payment method. Later, you can view your spending history by date, category or payment method with a few taps. And Expense Trackers lets you back up and restore reports using iTunes on your desktop computer.
Expensify (Free) – iOS, Android
Expensify (available on iOS and Android) was designed to help salespeople, business travelers and company employees track expenses by using your smartphone's camera to photograph receipts. To use the app, just snap a photo of your receipt and select which category that expense belongs to. The app's text recognition software automatically reads the receipt and adds the information to your weekly or monthly report – no manual text entry necessary. If you lose a receipt, Expensify lets you import credit card transactions. It is also possible to enter in individual expenditures manually. If you need to track mileage for an expense report, Expensify can automate the process using your smartphone's built-in GPS sensor. And it integrates with a variety of finance and backup apps, including Quickbooks, SalesForce, Excel, Dropbox and Evernote.
Cashbook ($5.99) – Android
Cashbook (Available on Android) is packed with tools to help you track expenses, income, mileage, sales and receipts. The app lets you manage multiple accounts at once, and track spending by day, week, month or year. It includes several ways to track mileage: you can use your phone's GPS for an exact measurement, or estimate your mileage with a battery-saving timer mode. And you can recover GPS trips, even after you exit the app or turn your device off. For a closer look at your spending, you can generate account summaries filtered by category. You can also back up and share your expense database using Dropbox, and secure your Cashbook account with a password to protect your financial data.
Expense Manager (Free) – BlackBerry
Expense Manager (available for BlackBerry) is for BlackBerry users who want to track daily expenditures with an easy-to-use app. It lets you enter expenses with a few taps, and categorize them by week, month, year or category. You can create and manage multiple accounts, and easily add notes to individual expenses. Additional features include the ability to save receipts by snapping a photo with your smartphone's camera, and the option to generate reports in the form of pie charts, bar charts and line graphs.
Argent: The Expense Tracker (Free) – Windows Phone
Argent (available for Windows Phone) is a good option for Windows Phone users who need to track expenses on the go. The apps lets you quickly add individual expenses, and sort them into customizable categories. And you can consult your transactions and balance for the day, week or month. Additionally, Argent includes the ability to export your transactions to Microsoft Excel so you easily sort, organize and review them.