Expense management platform Fyle announced Feb. 5 its integration with QuickBooks Desktop, allowing businesses to manage and sync expenses with QuickBooks, which eliminates manual data entry and reconciliation.
With this integration, businesses can automatically sync employee expense data from Fyle, ensuring real-time visibility into company spend. Fyle’s features, like real-time expense tracking, automated receipt matching, and policy compliance enforcement, enable finance teams to close books faster and with greater accuracy.
“Our customers have long requested a seamless integration with QuickBooks Desktop to simplify expense management while fitting into their existing workflows,” Yashwanth Madhusudan, CEO and co-founder of Fyle, said in a statement. “This integration eliminates the need for manual data entry, reduces errors, and gives finance teams real-time control over company spend.”
Key benefits of this integration include:
- Seamless two-way data import and export, ensuring every expense is accurately coded and exported into QuickBooks Desktop automatically.
- Businesses can export credit card and out-of-pocket expenses as bills, checks, credit card charges, or journal entries based on their needs.
- Users can capture chart of accounts, customers, jobs, classes, and vendors directly in Fyle’s expense form, simplifying reconciliation in QuickBooks Desktop.
With the ability to collect receipts via text messages, Fyle’s platform eliminates the need for accountants to chase employees. Its AI automatically extracts data from receipts, codes it, matches it to the right credit card transaction, and syncs data with the enterprise resource planning system.
More information about the QuickBooks Desktop integration can be found here.
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Tags: Accounting, Fyle, QuickBooks, Small Business, Technology
