I travel for business quite a bit and any business traveler will tell you that if you forget to expense something, you're usually out of luck. That means that you eat the expense without even realizing it. Most companies can only reimburse you for the expenses you submit. So if you forget to submit something you don't get reimbursed for it. I'm lucky that my company uses American Express for tracking any expenses charged to our individual corporate cards. However, there are many times that I have to pay cash for things such as Taxi rides.
iXpenseIt helps me keep track of it all
With iXpenseIt I can quickly and easily record expenses as they happen. Since I really only need it for cash expenditures or expenses I do on a card other than my Corporate AMEX, I don't have to use it for every single thing I expense. However, even if I did need to record every single expense, it's so quick and easy that it wouldn't be a problem.
How does it work?
iXpenseIt has a very straightforward interface. You simply launch the App and tap to enter an expense for that day. You can use the extensive list of categories or create the ones you need that aren't in the list.
Once you enter the amount you can also snap a shot of the receipt if you need it.
If you are on a budget you can see how you're doing at a glance via a neat fuel gage display at the top of your expenses. This is great for those daily per diems. I turned this feature off for a couple of reasons. For one, I don't really have a budget in the traditional sense for expenses. So it's not something that I have to monitor. The other reason is that it only subtracts expenses from the budget in whatever your default currency is. Although my default currency is $USD, I often enter expenses in Euros and Pounds. The app WILL do an automatic conversion at the current exchange rate, which it looks up automatically over the internet, but I would rather it didn't. The problem is that my electronic expense system at work automatically does this conversion too. So I need to enter my expenses in the currency that I used.
Once you've got your expenses in you can do all kinds of reporting based on date, categories, etc. You can see charts and graphs as well as send this data out via email or transfer it via Wi-Fi as .CVS or HTML files.
The Bottom Line
This is a GREAT App! While writing this review I entered a couple of expenses that I had already forgot about and they just occurred a few days ago. So the App is already paying off for me. Even though I could just keep all the receipts and do the expense report each week from them, It's much easier for me to enter them as I go so that I KNOW what they were for instead of trying to remember who I took to dinner or where the taxi ride was from and to. iXpenseIt gets regular updates and continues to get better and better. I would gladly give it that elusive 5th star if they would be a little more flexible on the multiple currency reporting. For example, I would like to see perhaps the Budget via the currency conversion without having to convert each individual expense. Or if it does convert each expense, I'd like to see the ability to report both ways in the original currency AND in the default currency. Otherwise, the app is great and a must have for any business traveler.
There is also a FREE version called IXpenseIt Lite that does everything the full version does except it's limited to 200 expenses AND it has Ads.
iXpenseIt
iXpenseIt lets you track your expenses on the go. Take photos of receipts and do extensive reporting.
- Yun Zhang
- Get on App Store
- $4.99
All info was collected on 11th February, 2010 when the app was reviewed.
About Terry White
Terry is the co-author of The Best Selling "The iPhone Book" 1st, 2nd, 3rd and 4th editions. He has been active in the industry for over 25 years and is the founder and president of MacGroup-Detroit, Inc., Michigan's largest Macintosh Users Group, host of the Adobe Creative Suite Podcast and a technology writer - Terry White Tech Blog.
Nice app! I prefer PocketMoney myself as it keeps track of all my finances and I can see them in a snapshot.
Great review Terry. I've been looking for a good one of these for a while now. How would you use it in conjunction with Quicken for mac. I know it doesn't link, but how would you use it as a supplement for your desktop quicken ie you don't want to do double duty on entering everything in both places. Any ideas would help. Scott B
hi, it exports out to .CSV, I haven’t looked at Quicken in a while so I don’t know what formats it can bring in.
Hi Terry and Scott,
Just got off the chat with Quicken Support. They just informed me that Quicken for Mac cannot import .CSV (only QFX) so that rules out integration with iExpensite. I also learned that they don't have an iPhone app that would sync with the Quicken for Mac.
So I am still looking for the perfect desktop (or online) platform that can collect my iExpensite data.
Is it possile to link 2 users together like with that GroceryIQ app? I’m looking for one that my wife & I can use together and have any expense entries we enter be available for us both to see ad record.
i am looking for the exact same function. would be very handy
Try Abukai Expenses. Not the best app for home use, but for business travel, nothing is easier and as full featured. You can download their app at their website at http://abukai.com/install. Works with android and blackberry phones too.
I have a used 2g iPhone and I don’t want to sell it online using eBay. So is there any stores I can . sell it to besides radioshack?.