ABUKAI Adds New Reporting Tools for Individual and Standard Corporate Accounts

ABUKAI Expenses users can now easily export annual or quarterly summary reports of their expenses.

San Francisco, United States, May 5, 2020 -- ABUKAI, Inc., the innovation leader in actionable business productivity software, announced today that ABUKAI Expenses now allows all users to export annual summaries. ABUKAI automatically recognizes receipt data, categorizes expenses, converts foreign currency amounts, and can read tax amounts from the actual receipt documents for reclamation purposes.

“ABUKAI has always had the ability to extract data from any date range. We have now added a feature to make annual reporting easier for our customers as they prepare for taxes, bookkeeping, or any other reason. ABUKAI is committed to making expense reporting as simple and painless as possible.” said Philipp Schloter, President and Chief Executive Officer of ABUKAI.

ABUKAI Expenses Individual Account and Standard Corporate Account holders will now see a “Summary Report” button in the “Archive” tab in the ABUKAI User Portal. Users can access summary reports based on a selected date range, or defaults such as last month, last quarter, or last year. Users also have the option to download all receipt images for the time period -- even for a year or more -- as a single compressed ZIP file, containing one or more PDF files with the receipt images. The ZIP file can be easily forwarded to an accountant or tax preparer as needed.
The summary reports contain:

  • •  a sheet with key summary statistics such as spend per category and total miles traveled for the period. For customers with VAT recognition enabled, the sheet also lists the amount for each applicable tax % for tax preparation purposes.

  • •  a list view sheet of all expense data for easy analysis with pivot tables or other tools, or for easy, flexible transfer to other tools such as accounting, tax or budgeting software.

  • •  a summary expense report based on the configured format with all expenses listed for the time period. Company-reimbursable expenses vs. company-paid expense can be distinguished by activating the out-of-pocket feature.

Users can also scan or email in receipts or invoices in any language. ABUKAI “reads” 30+ data attributes off of the images, converts the data, and automatically enters the correct date, vendor, amount and other relevant information into an expense report, organized in the appropriate categories per each customer’s needs. ABUKAI can also automatically reconcile the receipts with credit card statements. This innovative service drastically reduces the time and effort required to complete expense reports and enter transaction data so users can spend more time on productive tasks. ABUKAI’s simple two-step process is a game changer when it comes to expense reporting and expense tracking and is enjoyed by users in over 90 countries.

ABUKAI has won numerous awards including PC Magazine Editor’s Choice Award. Staples declared ABUKAI one of the six best mobile apps for small business. Users simply take pictures of their expense receipts or invoices with their iPhone, iPad, Android or BlackBerry and then submit the report for processing.

To learn more about ABUKAI, please visit abukai.com. Corporate customers can request more information by contacting ABUKAI here to discuss their specific needs.

About ABUKAI, Inc.

ABUKAI is revolutionizing how companies conduct business by providing ACTIONABLE BUSINESS PRODUCTIVITY™ solutions, which are based on new business thinking and supported by the latest technology. ABUKAI designs and delivers innovative solutions that significantly improve productivity for companies and their employees, while rapidly delivering ROI. Through its break-through, patented technology, ABUKAI Expenses drastically reduces the time and effort required to complete expense reports and increases reporting accuracy. ABUKAI has users at over 50% of Global 500 corporations, and over 50% of the Top 100 Brand companies.

ABUKAI Expenses was awarded the Editors’ Choice Award by PC Magazine, and named one of the Top 20 Cloud Services. ABUKAI Expenses was also named “Instagram for Expense Reporting” by Wireless Week, one of the 6 best mobile applications for small business by Staples, and one of the top 5 finance applications by NASDAQ.

For more information, visit http://abukai.com.

ABUKAI Global PR Contact: