No question: Startups and other small businesses need to close the books quickly and accurately. Quite often, however, manual work, fragmented tools, and data errors get in the way. In fact, only 28% of respondents to an Adra Match survey said they trusted the accuracy of the numbers in their month-end report. Meanwhile, 90% said they were under pressure to close the books faster, and half took more than six days to close.
What’s the solution? Startups and small businesses need better tools to simplify their accounting process and quickly get data into accounting software so they can focus on growing their business. And that’s exactly what Navan Expense the No. 1 corporate card and expense management platform, does using revolutionary software to help companies automate expense reporting and close the books faster.
Companies can directly connect Navan Expense with their QuickBooks Online account in just a few clicks, complete with general ledger (GL) and category mapping. Since the integration provides a two-way sync, Navan Expense will always reflect any changes in QuickBooks Online, and vice versa.
Once the systems are connected, transactions are automatically coded and categorized within Navan Expense. And with automated approvals and immediate receipt capture, admins have all they need to review and sync to QuickBooks Online.
With Navan Expense, finance teams get immediate visibility into every dollar spent at the instant a card is swiped, thanks to real-time spend dashboards. With data coming in real time, admins can work toward a continuous close and instantly see spend in both Navan Expense and QuickBooks Online.
Learn more about the Navan Expense integration with QuickBooks Online.
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