What comes to your mind when you think of tracking your expenses? It can be tedious, especially if you’re on the move and have to keep all your receipts in a safe place. Receipt scanning apps make it easier by allowing users to take a picture of their receipts and store them electronically.
These apps are beneficial for both individuals and businesses alike. They streamline the process of tracking expenses, enabling users to save time and money. This article explores nine of the most popular receipt-scanning apps and how they can help you track your expenses and save time. Read on!
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Why Should You Use Receipt Scanning Apps?
Receipt scanning apps come with a whole host of benefits. They are quick, convenient, and accurate. They eliminate the need for manual data entry by automatically capturing essential information from receipts.
Furthermore, users can easily categorize items for better tracking and reporting. This allows them to get an overview of their spending habits without spending hours sorting paper receipts.
- FreshBooks Receipt Scanner
Freshbooks is an accounting software that helps businesses manage their finances. It also includes a handy receipt scanner that lets users quickly scan and store receipts directly in the system. The app captures key details from the receipt, such as date, vendor, price, etc., so all you have to do is snap the photo, and FreshBooks will take care of the rest. This eliminates the need for manual data entry and makes it easier to track expenses.
- QuickBooks Online App
If you are looking for a more comprehensive accounting system, QuickBooks online is a great option. It offers an integrated receipt scanning app that lets users snap photos of their receipts and store them electronically. The app can also help businesses save time by automatically categorizing items, tracking mileage, and generating reports on spending habits. QuickBooks’ advanced features, such as invoicing, payment processing, inventory tracking, and payroll, make it a great option for large businesses, giving them more control over their finances.
- Expensify
This all-rounder app allows users to track expenses easily, set budgets and submit expense reports. The app includes a receipt scanner that captures all the essential information from receipts, so you don’t have to do it manually. The app also integrates with other systems like QuickBooks and Xero, making managing finances easier across different platforms. Expensify generates different expense reports, making tracking and monitoring spending habits easier.
- Shoeboxed
Shoeboxed is the best app for businesses that need to track expenses on the go. It offers a powerful receipt scanner with advanced functions such as auto-categorization, mileage tracking, and invoicing. It allows the categorization of tax-deductible items for better tracking and reporting. The app offers cloud storage, allowing users to store receipts securely even if they get lost or damaged. Additionally, it provides outsourced paper receipt scanning with unlimited online document storage.
- Zoho expense
Are you looking for an automated expense tracking system? Well, Zoho expense is the app for you. It provides the feature of unlimited scanning and storage of receipts, with auto-categorization for better tracking and reporting. The app allows users to upload their photos from different sources, such as Gmail and dropbox.
It has an inbuilt tracker that enables users to easily track business trips and generate reports on them. The best part is it is one of the most secure apps for managing receipts because it is encrypted by SSL-level security.
- Wave Accounting
Wave application is designed for small businesses or self-employed individuals. The best way to use this application is by linking it up with wave accounts. Wave accounts provide a comprehensive accounting system with an inbuilt receipt scanning feature. This allows users to quickly scan and store receipts for better tracking and reporting of expenses. The app also has features such as budgeting and invoicing, making it an effective financial management tool. It is a free receipt-scanning app, so users don’t need to worry about hidden costs.
- Smart Receipts
This is another app that transforms your mobile phone into a receipt scanner. It allows users to capture photos of their receipts, store them in the cloud, and access them from any device. On top of that, it helps you save time by automatically categorizing expenses, tracking mileage, and generating reports.
Its best features include; customizing PDF receipts and attaching them to any email, powerful invoice tracking tools, in-app messaging, tagging receipts for better organization, and sharing receipts with clients.
- ABUKAI expenses
Abukai is a simple application with one primary purpose; to make expense tracking more manageable and efficient. It allows you to capture photos of your receipts and store them on the cloud. This app automates report generation, categorizes items, and provides real-time expense tracking.
It also integrates with QuickBooks, allowing you to transfer all the information from Abukai to QuickBooks for further use. This app has a free version which includes 12 expense reports per year, but you can get the premium version to access unlimited reports.
- Genius Scan
Genius scan is all you need if you are looking for the simplest app for managing your receipts. It provides fast scanning of documents and receipts that can be saved and shared easily.
Genius scan also allows you to export your scanned documents to a range of different formats, such as PDF, JPG, and PNG. Its main features include; document detection, customizable PDFs and page layout, multi-page scanning with an auto-detect feature, export to various formats, and integration with cloud services such as dropbox.
Final Thoughts
The ability to track your receipts and expenses is essential for any business. A wide range of apps offers receipt scanning services, each with its own features and benefits. It’s essential to find the right one that suits your needs and budget in order to maximize efficiency and save time.
This article has outlined some of the best receipt-scanning apps that can help you track your expenses and save time. Try them out and see which one works best for you.
