Abacus is a real time expense reporting solution that automates expense creation and approvals. It is the easiest way for you to reimburse your team, reconcile corporate credit cards, and implement your expense policy.
CAPTURE ACCURATE EXPENSE DATA FROM EMPLOYEES
Abacus drafts expenses using reliable data sources such as receipts, card transactions, past behavior, CRM fields, and geolocation to ensure records are complete and accurate.
AUTOMATE YOUR EXPENSE POLICY AND APPROVAL HIERARCHY
Policy rules are applied before expenses can be submitted in order to reduce violations. Routing rules then automatically send the expense to the best suited approver.
FAST REIMBURSEMENTS WITH DIRECT DEPOSIT
Once an expense is approved, Abacus handles the reimbursement and direct deposits into the employee's bank account.
CONTINUOUS ACCOUNTING SYNC
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.
INSTANT VISIBILITY INTO SPENDING AND BUDGETS
Build custom analysis reports with real time data to help you identify trends and manage budgets.
Abacus + Xero
By integrating Abacus’ real time expense reporting software to Xero, customers are able to keep their books up to date with employee expenses being continuously synced and automatically matched to transactions in their bank feeds.
Abacus is a simple but powerful tool that helps reduce employee errors, automate your expense policy, and reduce review time. Reimbursable and corporate card expenses are indexed in the Abacus engine by their contextual information, allowing you to customize your approval workflow and create more meaningful reports out of expense data.
Setting up the Xero and Abacus integration is easy! Once you have created an Abacus account, simply connect the two systems, map your categories and invite your team.