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Smartbills vs Loop

Loop takes the cost out of moving money across borders. Smartbills takes the work out of the receipt behind each purchase, and keeps its tax detail.

At a glance

Smartbills vs Loop, in one screen

Loop is a Toronto company offering Canadian businesses multi-currency accounts in CAD, USD, EUR and GBP, corporate cards with no FX fees, international payments, working capital, and receipt capture with transaction matching.

Smartbills

Best for

Businesses whose problem is the receipt: getting it, reading its lines and recording the sales tax correctly.

Where it's stronger

  • Receipts from the merchant and the mailbox instead of uploads.
  • Canadian sales tax kept per line from the receipt.
  • Works with every card and account you use.
  • English and French throughout, built in Montréal.

Loop

Best for

Canadian businesses that buy and sell across borders and want to cut FX costs with multi-currency accounts and cards.

Where it's stronger

  • Multi-currency accounts with local account details in several countries.
  • Cards with no FX fees, which matters for USD-heavy spend.
  • Cross-border payments and working capital from the same provider.
  • If FX is where your money leaks, Loop is aimed right at it.

Every comparison on this site names what the other product does better. If we couldn't think of anything, we didn't publish the page.

Side by side

Smartbills and Loop, feature by feature

These are structural differences, not plan checkboxes. Capabilities change, so check the vendor's own documentation before deciding on any single row.

Multi-currency accounts and cross-border payments

Smartbills—
LoopTheir core product

Corporate cards

SmartbillsComing soon
LoopNo FX fees

Working capital

Smartbills—
Loop

Itemized receipts sent by the merchant

Smartbills
Loop—

GST, HST and QST per receipt line

Smartbills
LoopNot advertised

Works with cards from any issuer

Smartbills
LoopBuilt around their cards

Moving from Loop

None of this needs a big-bang cutover. Most teams run both tools for one cycle and compare capture rates before switching anyone off.

  1. Keep Loop for money movement

    Accounts, FX and payments stay where they are. Smartbills reads the card and account feeds.

  2. Connect your ledger

    Link QuickBooks Online, Xero, Sage or NetSuite and map your chart of accounts once.

  3. Turn on receipt sources

    Connect mailboxes and let receipts from network merchants arrive with the transaction.

  4. Compare a month

    Count how many charges have an itemized receipt with the tax split out, before and after.

FAQ

Frequently asked questions

What people ask us before they sign up.

Not for accounts, FX or payments. Smartbills isn't a bank. It handles the receipts and their accounting, and works alongside Loop.

Yes. A foreign-currency expense keeps the rate used on the entry itself. The translated amount can be traced later.

Smartbills takes GST, HST and QST from each line of the receipt, which is the document a tax claim has to rest on.

Keep comparing

More comparisons

The products people evaluate alongside Loop.

All Loop alternativesBest expense management software

The products that do the work.

Each product works on its own, and when you run two, the same record carries from the receipt to the ledger entry.

Get started

Ready to see it against Loop?

Bring one month of your own receipts and card transactions, and we'll show you the capture rate on both sides instead of a slide deck.

Book a demo