Xpence is a digital banking platform built for businesses and freelancers in the UAE. Their offer is a bundle of financial services designed to suit the needs of the modern entrepreneur. Xpence is a finance app launched to ease financial management through essential banking features, and advanced features to assist users to efficiently track expenses, manage payments and understand their financial health. At the same time, they aim to redefine banking for small businesses and freelancers in the UAE with a modern, efficient, and transparent solution. As a tool for entrepreneurs, Xpence offers a unique focus on innovation, user empowerment and bespoke financial services in today’s fast-paced business environment.

How to start using Xpence Neobank: A step-by-step guide

Xpence is a neobank designed for entrepreneurs, freelancers, and small businesses, giving them the best streamlined financial service with ease and efficiency. Below is a comprehensive guide on how to get started with Xpence:

Sign up for an account

Visit the Xpence website (https: Download the Xpence app from the App Store or Google Play (or visit //www.xpence.com).

Head to “Sign Up” or “Create Account” and click on it.

Provide the required personal and business details, such as:

• Name
• Business name
• Email and phone number.
• Documents of business registration (if any).

You will be required to upload documents such as a passport, ID card, and proof of address to verify your identity.

Choose the right plan

Depending on what your business needs are, Xpence may offer different pricing plans. Check out the available options and pick the one that works for you best.

The features may include the number of virtual cards, transaction limits, and advanced analytics tools and plans may differ on those.

Set up your Dashboard

Once you’ve registered, log in to your Xpence account and when you’re logged in, see your Xpence dashboard.

Explore the dashboard to familiarize yourself with the features, including:

• Expense tracking.
• Invoice generation.
• Budget management.
• Multi-currency wallets.

Order your Xpence card(s)

 Xpence usually has virtual cards for online purchases and physical cards for in-store purchases. Activate your cards after delivery and request them through the app or website.

You can assign specific cards to team members (if applicable) and then set spending limits to better control matters.

Link your bank accounts

Transfer funds with ease and get your finances in one place by connecting your existing bank accounts to Xpence. There are integration features of the app to sync with accounting software eg. QuickBooks, and Xero.

Fund your Xpence account

You can add funds to your Xpence wallet by bank transfer, credit or debit card or other supported payment methods. You need to make sure that you have sufficient balance for business transactions and expenses which are going to happen in the future.

Manage your expenses

Track your expenses better by categorizing them. And you can use the receipt upload feature to attach proof of payment for every transaction. Get real-time reports and analytics that allow you to track cash flow and spending patterns.

Generate Invoices

Use Xpence’s built-in invoice generation tool. The app also lets you send invoices directly to clients, and keep track of their payment statuses.

Collaborate with your Team

Get your team members to join your Xpence account and assign roles to them. It also gives individuals access to virtual cards and spending track to be accountable. Large transaction approval workflows can be set.

Explore additional features

•  Multi-Currency accounts: They hold and manage funds in different currencies.
•  Budgeting tools: Set and check budgets for several departments or projects.
•  Real-time notifications: Instant alerts on all transactions so you can prevent fraud.
•  Tax Management: Expense categorization and reporting simplify your tax calculations.

Customer support

Xpence offers customer support if you face any problem or have questions through live chat, email or phone. Visit FAQs and troubleshooting guides found in the Help Center on their website.

Use Xpence for your business

Start managing your finances, keeping track of expenses and smoothing your operations with Xpence. The app is updated regularly to enable you to take advantage of newly added features as well as security updates.

Take away

If you follow these steps, you’ll be all set to begin using Xpence’s innovative features and make your financial management as easy as possible.

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