Blog

Explore insightful articles, tips, and industry-leading finance news. Take a deep dive into what we do best — expense management, financial processes, spend optimization, and much more.

Opportunity cost formula + how to calculate it for your business

Opportunity cost formula + how to calculate it for your business

Opportunity cost helps in making informed decisions that can maximize profit and efficiency. In this blog post, we will break down the opportunity cost formula, explain its components, and provide practical examples of its application in business.

Scaling Onyx (a postmortem)

Scaling Onyx (a postmortem)

Though it seems to be firmly behind us, I wanted to quickly take a moment to apologize for some performance and reliability issues we had a couple weeks back.  We understand how critical our service is to your daily operations, and we're deeply sorry for any inconvenience this may have caused.  In the spirit of transparency, here are comprehensive details on what happened, how it was fixed, and how we will ensure better reliability going forward.

Unlimited centrally-issued virtual cards are here

Unlimited centrally-issued virtual cards are here

Expensify Admins can now issue unlimited virtual cards to anyone in their workspace. By assigning custom limits to virtual cards, managing spend on subscriptions, trips, and one-time purchases has never been easier. Take a look at the incredible benefits and setup virtual cards in minutes.

Expensify unleashes unlimited virtual corporate cards: total control at your fingertips

Expensify unleashes unlimited virtual corporate cards: total control at your fingertips

Discover the future of expense management with Expensify's latest innovation – unlimited virtual corporate cards. Exercise precise control over spending with fixed or monthly limits, personalized card names, and easy employee assignments.

Uber expense reports are made effortless with Expensify

Uber expense reports are made effortless with Expensify

With Uber’s auto-expense feature, business travel becomes a whole lot smoother. We combine the convenience of Uber with the efficiency of Expensify to create a seamless integration that changes the game for expense submissions. Now, you can leave manual entries in the dust and capture ride receipts without lifting a finger.

Unlimited receipt and distance tracking for sole proprietors and individuals, now free on New Expensify.

Unlimited receipt and distance tracking for sole proprietors and individuals, now free on New Expensify.

Like planting a tree, the best time to start expense tracking was last year – and the second best time is right now! Learn how New Expensify makes it super easy (and free) for you to scan receipts, record expenses, and log mileage so you can maximize your deductions when tax time rolls around.

Alternative financing options for your small business

Alternative financing options for your small business

When managing a small business, ensuring a healthy cash flow is crucial for day-to-day operations and long-term growth. Alternative financing can be a valuable lifeline, offering options beyond traditional bank loans or credit lines that can significantly improve cash flow. This post explores various alternative financing solutions that can help you maintain financial flexibility and support your business's growth, allowing you to navigate through economic challenges more effectively.

Automation for small business: streamlining success

Automation for small business: streamlining success

In today's fast-paced business world, small businesses are continually seeking ways to enhance efficiency and stay competitive. Scratch that, automation is needed to stay alive these days.  The first and foremost important piece lies in embracing automation, especially in crucial areas such as expense reporting, accounting, and back office work.

Six benefits of outsourcing accounting for small businesses in 2024

Six benefits of outsourcing accounting for small businesses in 2024

We used outsourced accountants for the first 12 years of Expensify’s life (from $0 in revenue to over $100mm). To this day, we still outsource certain aspects of our accounting when we need expertise we may not have on staff. Let’s explore how small businesses can benefit significantly from outsourcing their accounting functions, focusing on why the beginning of 2024 is an opportune time to start this journey.

Spend control 101: Everything a small business owner needs to know

Spend control 101: Everything a small business owner needs to know

In today's competitive business landscape, managing expenses effectively is crucial for small business success. From setting clear spending policies to leveraging technology like Expensify, there are practical steps you can take to gain better oversight of your finances and spend management processes.  In this blog, we’ll explore the importance of spend control and provide actionable tips for creating a culture of financial responsibility within your team.

Better money management = more money to manage.

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