Why doesn't Expensify export merchants as vendors when exporting to Intacct or NetSuite?

Nicole TrepanierNicole Trepanier Posts: 566Expensify Success Coach - Admin Expensify Success Coach

We've seen a lot of requests for vendor mapping across all of our integrations and have some mapping available for QuickBooks Online and Xero, however, we don't offer this for non-reimbursable credit card expenses for Intacct and NetSuite.

The reason behind this is actually more of a question for our users.

What is the vendor information used for?

The responses we've received have been about budgeting and tracking how much is spent on fuel vs. meals. Most accounting professionals that we've discussed this with simply use their available categories for reporting their employees spending.

As long as your chart of accounts/expense categories are broken down properly, this information is easy to gather and generate without the need to see exactly how much was spent at one gas station as opposed to another.

If there is a need to see how much was spent at a specific vendor like amazon, you can create an expense category to specifically track those purchases.

We'd love to know if we are missing any known use cases so please comment below!

Comments

  • ali_ramzali_ramz Posts: 1Expensify Customer

    This is actually a very important feature for us. We have been asked the same by our accountant(s) - why track the vendor?

    The short answer is that, for many companies, our transactions are used as metrics (on many levels).

    The long answer goes like this:

    There is a fundamentally flawed philosophy of the "bottom line" when it comes to understanding one's business. A sale is a sale, and an expense is an expense! This concept was founded around high volume transactions in a world where software (much less physical binders) did not speak to each other; where it was far too time consuming to spend time being detailed and meticulous, because that level of detail would have been, rightfully so, a waste of time.

    Today, many companies want to understand the patterns of their money, more than just documenting the i/o for the legal/tax/baseline business procedures. Also, we like to trust that our staff is being conscious of their spending on the company card. Some questions that are answered by simply having the vendor field could be:

    •When refueling, do employees lean toward proximity vs price when using a company card?

    •If our staff tends to get coffee at {indie shop} vs {corporate shop}, they may appreciate a giftcard to {indie shop}. This - compared to - we spend a lot on "meals and entertainment" - our staff must like "meals" as well as "entertainment."

    This is by no means an exhaustive list.

    Then perhaps, as an API/SAS Dev company, the real question may for you:

    Why would you not implement a feature that is asked from your customer base?

    Not to be crass, but there are more vendors than Amazon in the world - and some accounting software limits the number of accounts you can have on your chart of accounts.

    As far as I can tell, Expensify is positioning them as a tool to make certain tasks easier for their customers, and should continue to do so for their customers.

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