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Managing expenses with Codat

An overview of the expense management use case supported by Codat

Make expense management easier for your small business customers with Codat. We integrate data from corporate cards and expenses management platforms into accounting software your customers use.

How Codat can help​

We can support corporate card providers, neobanks, and expense management platforms in their expense management activity by leveraging our Bank Feeds API and Sync for Expenses products. This will provide your customer with greater visibility of spend tracking against expense categories, and automatically reconcile expense payments against bank statement lines.

Relevant products​

Sync for Expenses​

Codat’s Sync for Expenses product lets you take expense management one step further, as it is a standardized API with a set of supporting tools. This simplifies the provision of high-quality integrations with multiple accounting software and lets you leverage the following benefits:

  • Connect to your SMB's accounting software faster, as Codat handles authorization and linking, and takes into account intricate details such as rate limits.
  • Automatically categorize and tag expenses according to your SMB's bookkeeping. We attribute the spend to the correct chart of accounts and enable further categorization via tracking categories.
  • Easily write any purchases to the SMB's accounting software, where they are represented with an expense. Your customers can also write attachments for complete auditability.
  • Synchronize and map expenses with control. Our API is built to standardize data based on feedback from customers and industry expertise, so you can sync transactions based on what they represent and let Codat handle the processing and formatting them in a way required by the accounting software.

Bank Feeds API​

We have done the heavy lifting for you by building integrations with a standardized data model to the accounting software your customers already use. This gives you access to real-time data that you can read, create, or update to support your use case.

For example, you can read the following data from our endpoints:

  • bankAccounts to retrieve a list of bank accounts that can be mapped, enabling the user to dictate which bank account their expenses should be recorded against.
  • accounts to retrieve a list of accounts that can be mapped, enabling the user to dictate which GL account different categories of expenses should be recorded against.
  • trackingCategories to retrieve a list of tracking categories that can be mapped, enabling the user to track expenses against identifiers that sit outside of their chart of accounts, including departments and locations.
  • taxRates to retrieve a list of tax rates that can be used against the direct cost depending on the category of spend.

Then, use the same API to create a direct cost within the customer's accounting application, thus recording an expense. Once the direct cost has been created, a bank transaction line can then be written to the customer's accounting software and reconciled against the direct cost. You can also record refunds and top-ups using Codat.

Use case demos​

Codat provides you with demo guides, where you can see our products in action. Check back soon to view our demo built specifically for the expense management use case.

Review the full range of use cases Codat can support you with and find one that suits you best.

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