Credit card management platform SpendHub has integrated Quickbooks and Xero in a bid to enable companies easily manage and customise budget categories for credit card transactions.
The move also anticipated to eliminate errors associated with manual data entry and saves time by making the process automated. All categorised transactions will flow into Quickbooks Online or Xero accounting systems.
These integrations will allow users to categorise transactions in advance based on their budget without having to wait for the transaction to complete.
Additionally, it enables automatic transferring and syncing of all pre-categorised transactions and offers flexibility to business in mapping of customised SpendHub categories to current accounting system categories.
To set up budget categories in SpendHub, users can connect to Quickbooks or Xero and transfer existing categories from the accounting system to SpendHub to use.
They can also create custom categories in the SpendHub platform and then map them to Quickbooks Online or Xero categories.
Using SpendHub’s mobile app, employees can manage and report their spending by selecting which category an expense applies to, uploading an image of the receipt and submitting.
Both SpendHub platform and Quickbooks Online or Xero will store these receipts.
SpendHub is the flagship app of Hub-Suite. It allows companies to control and manage their expenditures by creating departmental budgets, setting and tracking employee spending limits and issuing customised physical and virtual corporate cards.