Decimal vs Expensify

Detailed side-by-side comparison

Decimal

From $1500/mo

Decimal is a comprehensive accounting and finance platform built for startups and high-growth companies that combines bookkeeping, CFO advisory services, and financial reporting. It pairs modern technology with dedicated accounting teams to deliver real-time financial insights and investor-grade reporting. The platform handles everything from monthly closes to tax preparation, positioning itself as an outsourced finance department.

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Expensify

Free

Expensify is an expense management platform that automates receipt tracking, expense reporting, and reimbursement processes for businesses of all sizes. Using SmartScan OCR technology, it extracts data from receipts automatically and streamlines approval workflows. The platform integrates with major accounting systems and offers corporate card reconciliation to simplify expense management.

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Feature Comparison

Feature	Decimal	Expensify
Core Purpose	Full-service accounting, bookkeeping, and CFO advisory with dedicated finance teams managing all aspects of financial operations	Automated expense management focused specifically on receipt tracking, expense reports, and reimbursement workflows
Accounting Integration	Direct integration with QuickBooks and Xero with accountants managing the books and performing monthly closes	Integrates with QuickBooks, Xero, NetSuite and other accounting platforms to sync expense data, but doesn't handle full bookkeeping
Human Support	Dedicated accounting team and CFO advisors provide proactive financial guidance and strategic insights	Customer support available but primarily software-driven with no dedicated finance professionals included
Financial Reporting	Real-time dashboards with investor-grade financial statements, cash flow analysis, and custom reporting prepared by accountants	Expense reporting and analytics focused on spending patterns, policy compliance, and departmental expense tracking
Automation	Automated month-end close processes, reconciliation, and financial statement preparation handled by dedicated team	SmartScan OCR technology automatically captures receipt data, creates expense reports, and enforces approval workflows
Tax & Compliance	Includes tax preparation support and compliance guidance as part of the comprehensive service	Ensures expense policy compliance and provides audit trails, but does not include tax preparation services

Pricing Comparison

Decimal starts at $1,500/month reflecting its comprehensive service model with dedicated accounting teams, while Expensify starts at $0/month with paid tiers for advanced features, making it significantly more affordable for basic expense management needs. The pricing difference reflects their distinct value propositions: Decimal replaces an entire finance department, while Expensify solves a specific operational pain point.

Verdict

Choose Decimal if...

Choose Decimal if you're a startup or high-growth company that needs comprehensive accounting services, CFO-level financial guidance, and investor-grade reporting without hiring a full-time finance team. It's ideal when you need expert accountants managing your books proactively rather than just software tools.

Choose Expensify if...

Choose Expensify if you need to streamline expense reporting, receipt tracking, and reimbursement processes but already have accounting handled separately. It's perfect for businesses of any size looking for an affordable, automated solution to eliminate manual expense management without needing full accounting services.

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Accounting

Pros & Cons

Decimal

Pros

+ Combines technology with expert human accountants for accuracy
+ Purpose-built for startups with investor-grade reporting
+ Proactive financial guidance from experienced finance professionals
+ Streamlined onboarding and migration from existing systems

Cons

- Higher price point compared to basic bookkeeping software
- May be overkill for very small businesses or solopreneurs
- Limited to U.S.-based companies

Expensify

Pros

+ Intuitive mobile app with excellent receipt scanning accuracy
+ Robust integration ecosystem with major accounting and HR platforms
+ Flexible approval workflows that scale with company complexity
+ Expensify Card offers cash back and simplified reconciliation

Cons

- Interface can feel overwhelming for new users with many features
- Customer support response times can be slow on lower tiers
- Some advanced features require higher-priced plans