It quickly processes your paperwork and seamlessly integrates it with your accounting software. Dext saves you valuable time for other important tasks by automating data collection and eliminating manual input. There are many receipt scanner and management apps available to choose from.
Initially, I checked these messages often to ensure Keeper wrote off each business expense and to understand what I spent on work-related materials. Today, after nearly two years of using the app, I am confident Keeper is getting me the best savings possible, so I check my personalized follow-ups every two to four weeks. Some are full-time freelancers who only work with long-term clients, and some have a side hustle in addition best app for keeping track of receipts to working a nine-to-five, but no matter what, they all need to track their expenses. To have a sense of their profits, yes — but also to make the most of tax write-offs. The app can be used with the ScanSnap Evernote Edition Scanner for multipage documents, and multiple users can control the scanner from their own devices. Overall, Evernote Scannable is a convenient tool for digitizing and organizing paper documents.
Updates from Wave: Helping small businesses start, survive and thrive
It will be challenging for employees to get reimbursement for their expenses if they lose their receipts. Whether you’re striving to manage your business’s finances or just want to keep tabs on your personal expenses, knowing where your money is going is crucial. A final option is to switch to paperless receipts wherever possible. For instance, you can greatly minimize customer receipts by using a credit card reader that works with your smartphone or tablet.
Users can choose to mail physical receipts to Shoeboxed’s processing facility using a prepaid envelope or use the mobile app to upload receipt images from a phone quickly and easily. Wave is an app that helps businesses meet legal record-keeping requirements and provide supporting documents in case of an audit. One of the key features of the app is the ability to store proof of deductible expenses by attaching an image of the receipt to the corresponding transaction details. This helps businesses keep all of their receipts organized and easily accessible in one place.
Best Receipt Scanner Apps for Small Businesses to Manage Receipts
Plans start at $12 per user, per month, which could get a bit pricey if you have a larger company. QuickBooks Self-Employed tracks income and expenses to simplify tax preparation, but it doesn’t allow you to file directly through the app. When it comes time to visit the tax man, QuickBooks Self-Employed integrates with TurboTax, which means your experience will be limited if you don’t use that platform for filing.
If you have the Boost plan and above, you also get business tax preparation and filling. Abukai has a free plan but is limited to one user and 12 expense reports per year. Paid plans start from $99 per year for a single business owner and unlimited reports. To add users, you will need to pay $99 per year for each, and a $49 one-time setup fee. If you don’t have a ton of expense management needs, you can use Wave to record receipts for free. However, you’ll need to integrate Wave with other apps like Gusto, QuickBooks, and more if you want advanced features like payroll.
ReceiptPal
Traditional receipts and documents may be physically damaged or destroyed, but digital records might end up in the wrong hands if appropriate security precautions are not adopted. Here’s a brief rundown of the critical things to consider when choosing a receipt management app. Additionally, you can use Shoeboxed tools to catalog and organize your receipts in a way that makes sense to you. You can stick with default recommendations, or you can personalize the experience. These are the most popular apps on the iOS and Android platforms, but you’ll likely need to test-drive a few before you find one you’re comfortable with.
In fact, some of the other apps on our list integrate with Evernote as a place to store your receipts in the cloud. The main Evernote app focuses on note taking and allows you to capture photos, images, sketches, and more. A second app, Scannable, focuses specifically on scanning documents.
For me, though, it was redundant and contributed to the oversaturated user interface. To determine the best receipt scanner apps for small businesses, Forbes Advisor researched providers in the space and narrowed it down to the 11 top providers. We analyzed these across five primary categories for a total of 24 different metrics. The criteria were then weighted to favor features that matter most to small businesses.
- If you need more help figuring out how to be IRS-compliant with your expenses on your next tax return, check out our picks for the best tax software.
- And the easiest way to capture every expense is by storing every
receipt from each purchase you make. - With the advancements in technology, it’s easier than ever before to keep track of your expenses and stay on top of your finances.
- Whether you’re striving to manage your business’s finances or just want to keep tabs on your personal expenses, knowing where your money is going is crucial.
- When I started working for myself, I based much of my success as a freelancer on attracting new clients.