Categories: Finance

The Best Expense Tracker Apps for 2022

With Everlance, create an IRS-compliant mileage log and sync your bank accounts and credit cards for expense and receipt tracking. This application is particularly appreciated by freelancers.

Advantages
  • GPS used to create an IRS compliant mileage log

  • Syncs with bank or credit card for expenses and receipts

  • Export mileage and expense reports in PDF, CSV or Excel formats

The inconvenients
  • The app creates a new trip if you have stopped for 10 minutes

  • Premium features cost significantly more than other expense tracking apps

  • Notifications are tedious when tracking trips manually

Founded in 2015, Everlance is an app designed to track mileage, expenses, and receipts. When you download the app, you automatically start a seven-day Premium trial. At the end of the trial, you will revert to a free account unless you choose to upgrade.

To track expenses, sync your credit cards and bank accounts. In one fell swoop, you can categorize business and personal expenses. For recurring expenses and transactions, users can define custom expense rules. With Everlance, tracking income is also easy, even if you have income from multiple sources.

Everlance uses GPS technology to automatically plot your routes. However, you can also disable this feature and manually track rides. Although the app advertises that you can set it and forget it, user reviews suggest that it’s best to check that your trip is recorded, as GPS errors caused the app to miss some trips.

Three packages are available with Everlance:

Free Premium: $8 per month billed monthly or $5 per month billed annually Premium Plus: $12 per month billed monthly or $10 per month billed annually
30 automatic trips per month Unlimited auto-detect Unlimited automatic trip detection
Unlimited manual start and stop tracking Automatic expense tracking with bank and credit card synchronization Automatic expense tracking with bank and credit card synchronization
IRS Compliant Reporting Deduction search tool Deduction search tool
Expense tracking with unlimited receipt downloads Automatic classification of journeys with working hours and commuting Automatic classification of journeys with working hours and commuting
Advanced PDF and Excel reports Custom Excel and PDF data exports
Personalized 1×1 training and VIP customer support


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