Most popular features of all Finance & Accounting apps
Requires iOS 10.0 or later. Compatible with iPhone, iPad, and iPod touch.
25 reviewers had the following to say about Abacus's features:
I only use it as a user, but it makes the overall expense report process so easy and I spend so much less wasted time attaching and downloading receipts!
Pros
It makes expense reports so easy and I end up just doing it as I am out and about since it is so easy to upload.
Cons
It takes forever for the transactions to pull through from my card so I don't end up using that function which is unfortunate because it is actually pretty helpful.
Rating breakdown
Time used: Less than 6 months
Frequency of use: Weekly
Likelihood to recommend
Overall, I would recommend this over other expensing tools.
Pros
I really like that you can send email receipts to the abacus alias, and it parses out the expense for you.
Cons
Sometimes the receipt scanning can take a long time, and you will go in and edit it manually.
Rating breakdown
Time used: 2+ years
Frequency of use: Weekly
Likelihood to recommend
Pros
The website and mobile app are user-friendly, which is the biggest pro.
Cons
I think our only con so far is that the system does not integrate with our accounting software as we were told it would.
Rating breakdown
Time used: Less than 6 months
Frequency of use: Daily
Pros
I appreciate how easy Abacus makes it for me to submit expenses and how clear the process is. You can quickly see what expenses are pending, what has been approved, and what still need to be approved.
Cons
I.e. if you are on the accounts team, you should be able to hid the sales categories to make it easier to categorize the expense.
Rating breakdown
Time used: 2+ years
Frequency of use: Weekly
Likelihood to recommend
Pros
The app is lite (it doesn't take much space) and it seems to do all of the basics from travel to reimbursement management.
Cons
The app struggles with things it claims to do and has some "advanced" things it apparently cannot do. For instance, connecting a credit card says the app will recognize expenditures for approval later, but so far nobody in our office has been able to make that work. It would also be nice to not have so much downloading, saving, then re-uploading to Abacus (regarding receipts) - other apps do this without saving on your personal machine at all.
Rating breakdown
Time used: 6-12 months
Frequency of use: Weekly
Likelihood to recommend
We recently transitioned from a method of expense filing via Excel Spreadsheets, to using Abacus and I couldn't be happier with the expediency and ease of use of the platform.
Just take a picture of your receipts and attached the image to your expenses and that is it! Saves time, and shows corporate where they can save money or where too much is spent.
Pros
Abacus allows you to streamline and organize your expenses. It enables you to systematize how you refund your employees, execute your expenses and reconcile credit cards.
Cons
This saves time and money and approval and audit processes are faster.
Rating breakdown
Time used: 6-12 months
Frequency of use: Daily
Likelihood to recommend
If you're still using manual expense reporting, then you need to block off an hour today and implement Abacus immediately.
Pros
We were able to use it to shorten our expense process drastically.
Cons
I really have few cons for the software. I think it would be nice to see more instructional videos that we could share with our sales team so that we did not have to explain the software to them. That being said, the software is intuitive and we had few problems helping everyone get up to speed. All in all, there is little to complain about considering how much bang you get for your buck.
Rating breakdown
Time used: 6-12 months
Frequency of use: Daily
Likelihood to recommend
Pros
The design is clean and neat, and it goes right to my CFO for fast approval of the items I expense for work.
Cons
I usually like to have all notifications cleared as they come in, and I can't figure out what the red bubble is for.
Rating breakdown
Time used: 6-12 months
Likelihood to recommend
Recommendations to others considering Abacus
Make sure your CFO or whoever takes care of financials for your company is on top of things. When my CFO approves expenses right away, the money is in my bank the next day. If it sits over the weekend, it will take longer to approve and end up in your bank account.
Pros
The interface is easy to use and expensing on this system is very quick.
Cons
It would be good on the dashboard to see what the expenses have been paid, not just how much has been aggregated.
Rating breakdown
Time used: Free Trial
Frequency of use: Weekly
Likelihood to recommend
I'm currently trailing a handful of different expense related applications, and Abacus appears to be the strongest contestant.
Pros
I think it’s extremely easy to streamline the entire expense process.
Cons
I’m just a user on the platform but I find it extremely easy to use and have no issues at all explaining to new hires how to use.
Rating breakdown
Time used: 2+ years
Frequency of use: Weekly
Likelihood to recommend
Pros
UI is good Linked to vast database of clients Advancement is applied Summarized info can be utilized in better way
Cons
Selection of data fields could be more as as per the categories.
Rating breakdown
Time used: 6-12 months
Frequency of use: Occasionally
Likelihood to recommend
It has revolutionized the way we handle expense reports and the speed with which we are able to get our employees the money they deserve.
Pros
Abacus is an interesting tool and definitely innovates within the space. It has helped many people with its work.
Cons
Although it helps people, the UI can always use some improvement to keep it from being slow.
Rating breakdown
Time used: 6-12 months
Frequency of use: Monthly
Likelihood to recommend
We were looking for a case management software to streamline increase efficiency.
Pros
The support team is very responsive. The product may be great but once you purchase it they want more money to deliver the product rather than deliver the product.
Cons
It is a huge step backwards and requires an amazing amount of time to deal with glitches.
Rating breakdown
Time used: 6-12 months
Frequency of use: Daily
Likelihood to recommend
The product makes it so easy for our people to report/ track their expenses and then of course its insanely easy for me to approve the expenses without having to ask a ton of questions or look through a lot of receipts.
Pros
Each transaction also has the documentation we need for our annual audit since we're a nonprofit.
Cons
There's absolutely nothing I don't like! I was expecting customer service to be less-than-great, since I work for a small nonprofit organization (read: low revenue for developers) but it's been exceptional.
Rating breakdown
Time used: 6-12 months
Likelihood to recommend
Recommendations to others considering Abacus
We chose Abacus because it does away with the concept of monthly expense reporting, and prioritizes getting money back to our employees as quickly and easily as possible. Other companies might have different priorities to consider, or might need that structure of a monthly report.
I'm submitting expenses before I get up from the table of the meal that I'm expensing. Super easy for our finance team to review and I have money in my bank account in a few days.
This software tremendously helps the accounting team at our Firm.
Pros
It's extremely easy to navigate your way throughout the site, and it takes only a few seconds to upload images of your receipt/add a quick description of your expense. I also like that you can create different categories and can require specific fields to be answered.
Cons
My least favorite thing about this product is just the price, honestly. I feel it is a bit high, but the product is great and the customer service is very helpful, so all in all it's worth the money.
Rating breakdown
Time used: 6-12 months
Frequency of use: Daily
Likelihood to recommend
Much easier to use compared to previous reimbursement systems I've used (paper receipt submission / using spreadsheets).
Pros
Abacus is a really easy way to submit receipts and costs for reimbursement without too much hassle. The interface is very simple - just drag and drop images or PDFs of your receipts.
Cons
But, once funds are approved it's pretty quickly deposited into your bank account.
Rating breakdown
Time used: 6-12 months
Frequency of use: Weekly
Likelihood to recommend
Pros
Very easy to use, very easy to teach employees to use
Cons
Unable to customize export file before downloading to CSV.
Rating breakdown
Time used: Less than 6 months
Likelihood to recommend
Recommendations to others considering Abacus
Comparing price and features, Abacus definitely came in at the top for us, and they have been a really great choice.
