American Express OPEN, the small business division of the financial services company, and Intuit announced the launch of ReceiptMatch with QuickBooks, a mobile and desktop integration to help small businesses sync their business card expenses with QuickBooks.
Launched last year, ReceiptMatch is a mobile app and web-based service that helps small-business owners reconcile their receipts on-the-go with their American Express Business Card online account. The new integration will close the gap between when the business card is swiped for purchase and when that expense is entered into QuickBooks, marking the first time a business card will be directly linked into QuickBooks.
By syncing the two accounts, expenses can be tagged with the proper expense categories by following these steps:
Snap a picture of the receipt with a mobile phone so ReceiptMatch can match it to the corresponding business card transaction.
Tag the expense, labeling it with the company’s QuickBooks categories, customer and/or job codes from the ReceiptMatch Mobile App or the American Express online statement.
Transfer the information by reviewing and sending the transaction data with a link to the receipt image directly to the QuickBooks company file.
“Our Card Members place a large number of business transactions on their card every month,” stated Manish Gupta, executive vice president and general manager at American Express OPEN. “Integrating ReceiptMatch and QuickBooks will help them power through the tiresome, but necessary process of reconciling business card expenses with their accounting system quickly and easily.”
“The ReceiptMatch and QuickBooks integration is a great example of how QuickBooks is evolving into a platform that is connecting the most valuable solutions into a single, interconnected business management solution for small businesses,” stated Dan Wernikoff, senior vice president and general Manager for Intuit, small business financial solutions.
ReceiptMatch with QuickBooks comes free on all Small Business Cards from American Express OPEN. More information is available at www.open.com/quickbooks.