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Expensify vs FloQast

Expensify logo

Expensify

All industries

Expense management for receipts, bills & more

From
$5/month
Rated
-
Full reviewWebsite
FloQast logo

FloQast

Accounting & Finance

Close management software for accounting teams

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Expensify minimal offline expense entry capabilities hamper use in areas with unstable internet; FloQast no pricing is published, and the vendor states packages scale with business outcomes rather than seat count, which gives a buyer no unit to estimate against
  • They diverge on capability: Expensify covers SmartScan receipts, FloQast covers Close management.

Where they differ

Only the attributes on which Expensify and FloQast actually diverge.

Attributes where Expensify and FloQast differ
AttributeExpensifyFloQast
Starting price$5/month$29/month
Pricing modelUnknownsubscription
PlatformsWeb, iOS, AndroidWeb
CategoryAll industriesAccounting & Finance
Founded20082013

Identical on both: free tier (No), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Expensify

  • SmartScan receipts
  • Expense reports
  • Corporate cards
  • Reimbursements
  • Travel booking
  • Mileage tracking
  • Multi-currency
  • Real-time syncing

Only in FloQast

  • Close management
  • Reconciliation
  • Flux analysis
  • Audit prep
  • Team collaboration
  • Excel
  • SOC 2
  • Web support

Both cover

  • QuickBooks
  • NetSuite
  • Sage
  • GDPR

What people use each for

The jobs each tool is most often brought in to do.

Expensify

  • Expense reportingnot FloQast
  • Receipt managementnot FloQast
  • Travel expensesnot FloQast
  • Corporate card managementnot FloQast
  • Reimbursementsnot FloQast

FloQast

  • Managing the accounting close with checklists and reconciliationsnot Expensify
  • Automating account reconciliation and compliance workflowsnot Expensify

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Expensify

  • Minimal offline expense entry capabilities hamper use in areas with unstable internet
  • OCR receipt data extraction requires manual review and correction for accuracy
  • Per-user pricing model increases costs for larger organizations

FloQast

  • No pricing is published, and the vendor states packages scale with business outcomes rather than seat count, which gives a buyer no unit to estimate against
  • The product is split into five separately packaged solution categories
  • Every route to a figure runs through a personalised demo

Pricing, plan by plan

Expensify

$5/month

No published plan breakdown. See the Expensify review.

FloQast

$29/month
  • StandardFree
    • Custom pricing
    • Close management
    • Reconciliation

Which should you pick?

Choose Expensify if

  • You need smartscan receipts.
  • You work on Web, iOS, Android.
  • You also want expense reports.
Expensify review

Choose FloQast if

  • You need close management.
  • You also want reconciliation.
FloQast review

Questions people ask

Is Expensify or FloQast better?
Neither clearly leads. Expensify starts at $5/month and FloQast at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Expensify or FloQast?
Expensify starts at $5/month and FloQast at $29/month.
Does Expensify or FloQast run on more platforms?
Expensify runs on Web, iOS, Android. FloQast runs on Web.
What is Expensify best used for?
Expensify is most often used for expense reporting, receipt management, travel expenses, corporate card management. Of those, expense reporting and receipt management are not what FloQast is typically brought in for.
What can Expensify do that FloQast cannot?
Expensify covers SmartScan receipts, Expense reports, Corporate cards, Reimbursements. FloQast covers Close management, Reconciliation, Flux analysis, Audit prep. Both handle QuickBooks, NetSuite, Sage, GDPR.

Answered from the vendors’ own pages

Expensify: How does Expensify capture receipts?

Expensify uses SmartScan technology with OCR to automatically extract data from receipt images, reducing manual data entry. Users can photograph receipts with their phone to quickly create expense entries.

Source
Expensify: What reimbursement methods does Expensify support?

Expensify supports ACH reimbursement via direct deposit after setting up a direct deposit account. Next-day reimbursement is available, or standard processing takes 3-5 business days.

Source
Expensify: How does Expensify offline mode work?

Expensify has limited offline capabilities. Users can capture receipts offline, but data syncs when internet connectivity is restored. Full functionality requires online access.

Source
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Related pages

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