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  5. Concur vs QuickBooks

Concur vs QuickBooks

OverviewDecisionsComparisonAlternatives

Overview

Concur
Concur
Stacks17
Followers18
Votes0
QuickBooks
QuickBooks
Stacks202
Followers151
Votes0

Concur vs QuickBooks: What are the differences?

Introduction

In this article, we will discuss the key differences between Concur and QuickBooks, two popular tools used for financial management and expense tracking. It is important to understand these differences in order to choose the right tool for your specific needs.

  1. Integration with other systems: Concur is primarily designed for travel and expense management, and it offers seamless integration with travel booking, hotel reservation, and other related systems. On the other hand, QuickBooks is a comprehensive accounting software that integrates well with various third-party applications and offers a wide range of features for financial management beyond just expense tracking.

  2. Scalability and complexity: QuickBooks is suitable for small to medium-sized businesses, offering both desktop and online versions. It can handle complex accounting tasks, such as invoicing, inventory management, and payroll processing. In contrast, Concur is more focused on streamlining expense reporting and reimbursement processes, making it a preferred choice for businesses with a large number of employees who frequently incur travel expenses.

  3. User interface and ease of use: QuickBooks provides a user-friendly interface that is easy to navigate and understand, even for non-accounting professionals. It offers various pre-built templates and reports for quick financial analysis. Concur, while intuitive, may require some training to fully utilize its features, especially for employees who are not accustomed to using expense management tools.

  4. Mobility and accessibility: Concur has a mobile app that allows employees to capture receipts, submit expense reports, and manage travel bookings on the go. This feature is particularly beneficial for frequent travelers. QuickBooks also offers a mobile app, but its focus is more on general accounting tasks rather than travel and expense management.

  5. Reporting and analytics: QuickBooks offers robust reporting capabilities and customizable financial statements that can provide in-depth insights into business finances. It enables users to generate various reports like profit and loss statements, balance sheets, and cash flow statements. Concur, on the other hand, provides detailed reports on employee expenses, travel spend, and policy compliance. It also offers analytics tools to identify cost-saving opportunities and policy violations.

  6. Integration with banking institutions: QuickBooks allows users to integrate their bank accounts and credit cards for automatic transaction imports and reconciliation. This helps streamline the process of recording financial transactions. Concur also offers integration with banking institutions but focuses more on expense management, ensuring accurate and timely reimbursement for employees.

In summary, Concur and QuickBooks differ in terms of their primary focus, scalability, user interface, mobility, reporting capabilities, and integration options. Choosing the right tool depends on the specific needs of your business, whether it's primarily focused on travel and expense management or requires a comprehensive accounting solution.

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Advice on Concur, QuickBooks

Dale
Dale

Independent Contractor at Self Employed

Jan 4, 2020

DecidedonFreshbooksFreshbooksZapierZapier

I started out as an Independent Contractor just about a month ago and wanted to start on the right foot. I did a bit of searching on Hacker News when I needed an Invoicing Solution. Freshbooks caught my eye initially but I decided to check StackShare for a more cost-effective solution. The Zapier integrations are pretty neat, the templates are cool and I'm looking forward to what else it has in store.

58.3k views58.3k
Comments

Detailed Comparison

Concur
Concur
QuickBooks
QuickBooks

Employees can book domestic and international flights, reserve rental cars and make hotel and rail reservations - all from their smartphones or desktop browser. Thanks to the integration of travel with expense reporting, all itineraries and credit card charges are automatically imported.

It is an accounting software package. You can access and manage your books from your computer, laptop, tablet, or smartphone anytime you choose. Create access privileges so that your colleague or accountant can login and work.

Concur Expense- Submit, view or approve expenses via your mobile device. And, you can instantly see claims that are out of policy and provide real-time policy feedback. Also, Concur works globally, so currency exchange rates and VAT calculation are covered, too.;Concur Travel.- Book within your corporate travel policy from anywhere at any time. It keeps track of your reward numbers, seat preferences, and gate information. You can also upload electronic folios, directly to expense reports.;​Concur For Mobile.- Capture receipts with your smartphone, upload IRS compliant images directly to expense reports, approve or reject expense reports via manager access, book flights, rail, or hotels from your smartphone. Create a single itinerary from any travel reservation and any travel vendor with TripIt Pro. Add car mileage to an expense report.;Concur Invoice.- Concur's Invoice Management software automates the collecting, submitting, approving and paying supplier invoices and check requests.
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Statistics
Stacks
17
Stacks
202
Followers
18
Followers
151
Votes
0
Votes
0
Integrations
Salesforce Sales Cloud
Salesforce Sales Cloud
NetSuite
NetSuite
No integrations available

What are some alternatives to Concur, QuickBooks?

Xero

Xero

Inventory, invoicing, time tracking, expenses, and hundreds of other apps all seamlessly integrate with Xero to save your business precious time and money.

Odoo

Odoo

It is a business management software including CRM, e-commerce, billing, accounting, manufacturing, warehouse, project management, and inventory management.

Wave

Wave

It is a free, online software alternative to Quickbooks. Wave helps manage invoices, credit card payments, accounting & payroll. Best for small businesses & freelancers.

SaasAnt Inc.

SaasAnt Inc.

PayTraQer simplifies e-commerce bookkeeping and payment reconciliation. Automate accounting with QuickBooks, Xero, and top payment platforms with ease.

Expensify

Expensify

Streamline the way your employees report expenses, the way expenses are approved, and the way you export that information to your accounting package.

FreeAgent

FreeAgent

Accounting software for small businesses. It is made specifically for freelancers, small business owners and their accountants.

Sage

Sage

It brings together everything you need under one platform to manage your accounting, financials, operations, people & payroll.

Gekko

Gekko

Gekko is a an online financial administration tool for freelancers, small studios and startups.

Freshbooks

Freshbooks

It is simple and intuitive. It makes running your small business easy, fast and secure. Easily send invoices, track time, manage expenses, and get paid online.

Receipt Bank

Receipt Bank

Effortless bookkeeping automation software that saves accountants, bookkeepers and small businesses time and money. It extracts the key information from your clients' bills, receipts and invoices, removing the need for manual data entry.

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