Expensify Releases First-Ever Corporate Card for CPAs and Accounting Firms

Rhea-AI Summary

Expensify has launched the Expensify CPA Card, designed specifically for accountants, offering benefits like reimbursed CPA license fees, dedicated account managers, and instant approvals with high credit limits. This card eliminates the need for personal guarantees or credit checks, enabling quick client setup. Nearly half of the top 100 CPA firms in the U.S. already use Expensify. With features such as two-way integration with major accounting software, firms can maintain real-time financial oversight. More benefits are expected to roll out soon.

Positive

• Launch of Expensify CPA Card specifically for accountants.
• Offers high credit limits with no personal guarantees or credit checks.
• Nearly half of the top 100 CPA firms in the U.S. already using Expensify.
• Two-way sync with QuickBooks, Xero, and more enhances financial oversight.

Negative

• None.

The Expensify CPA Card is the only Smart Card built specifically for accountants and includes benefits such as reimbursed CPA license and CPE credit fees, dedicated account managers, instant approvals with high credit limits, and no personal guarantees.

PORTLAND, Ore.--(BUSINESS WIRE)-- Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards, and bills, today announced the launch of the Expensify CPA Card. The accountant-friendly card enables client setup in minutes and provides a high monthly revolving credit limit with no credit check or personal guarantees required. The card is powered with continuous reconciliation between Expensify and integrated accounting systems so admins maintain a realtime picture of company financials.

By signing up for the Expensify CPA Card, accounting firms also gain access to dedicated partner managers who assist with high-level strategy, client onboarding, and training.

“Expensify is already used by nearly half of the top 100 CPA firms in the U.S. We used that expertise and experience to build the first card program that caters directly to the accounting profession and their clients,” says founder and CEO David Barrett.

Additional advantages of the Expensify CPA Card include:

• Dedicated firmwide account manager
• Live onboarding calls with clients
• Free AICPA membership
• Free state-by-state CPA certification renewal
• Free CPE credit reimbursement
• Free access to 3 CPE credits with ExpensifyApproved! University
• Free Expensify CPA Cards for your firm and clients
• Free premium upgrades for your firm, and $9/seat flat fee for clients (no annual commitment required)
• No credit check or personal guarantee required, from you or your clients
• High credit limits
• Instant online approvals
• Daily or monthly bank settlement
• Merchant-specific virtual cards
• Two-way sync with QuickBooks, Xero, Sage Intacct, and NetSuite

In addition to the current suite of perks available with the Expensify CPA Card, Expensify will continue to roll out even more time-saving benefits in the coming months.

To learn more about the Expensify CPA Card, head over to use.expensify.com/accountants.

About Expensify

Expensify is a payments superapp that helps individuals and businesses around the world simplify the way they manage money. More than 10 million people use Expensify’s free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay, and travel booking in one superapp, all free. Whether you own a small business, manage a team, or close the books for your clients, Expensify makes it easy so you have more time to focus on what really matters. Download the app or sign up at Expensify.com today!

View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005167/en/

David Cardoza, press@expensify.com

Source: Expensify, Inc.

FAQ

What is the Expensify CPA Card and what benefits does it offer?

The Expensify CPA Card is a smart card designed for accountants, offering benefits like reimbursed CPA license fees, dedicated account managers, instant approvals, and no personal guarantees.

How does the Expensify CPA Card enhance financial management for firms?

It enables client setup in minutes, provides high monthly credit limits, and offers continuous reconciliation with integrated accounting systems for real-time financial oversight.

Which CPA firms are currently using Expensify's services?

Nearly half of the top 100 CPA firms in the U.S. utilize Expensify's services.

Is there a credit check required for the Expensify CPA Card?

No, the Expensify CPA Card does not require a credit check or personal guarantee.

What integration options are available with the Expensify CPA Card?

The card offers two-way sync with QuickBooks, Xero, Sage Intacct, and NetSuite.