10 of the Best Apps to Scan and Manage Receipts

With money being essential for the working of any business, it’s imperative to keep track of the cash’s inflow and outflow. Rajat Sharma is a freelance tech and finance writer who covered business software and technology for The Balance Small Business. We recommend the best products through an independent review process, and advertisers do not influence our picks. Jamie Johnson contributed to the writing and reporting in this article. Source interviews were conducted for a previous version of this article.

It’s important to both finance and employees submitting expenses that the product’s interface be accessible in the user’s local language. It should also be able to slice and dice expenses in currencies the company and employees use. Formerly known as Receipt Bank, Dext Prepare is a rebranded version that offers the same yet better, features of Receipt Bank. It highlights receipt scanning surrounded by helpful features like simple bookkeeping, expense reporting, and analytic tools. Moreover, Dext Prepare can integrate with major accounting software.

Then at tax time, we work with your accountant to deliver all the financial info they need to file your taxes. Everlance has made handling business the main priority of business owners by automating the maximum number of things.

Top 8 Receipt Scanning Apps You Can’t Ignore

Tracking business mileage is an important part of managing your organizational spending. Zoho Expense offers 100% accuracy when it comes to mileage tracking. Add mileage expenses through 4 different methods using your Android, iPhone, or even Apple Watch.

• Further, as soon as a payment is made from your Pleo card, you will get a notification, and that expense will be added.
• You will need to pay if you want to handle more advanced tasks like payment processing or payroll, but for basic expense tracking it’s a winner.
• Using Zoho Expense is practical if you’re using Zoho Books or any other Zoho product.
• While Evernote isn’t strictly a business app, some freelancers swear by it for receipt tracking because many use it for other organizational help.
• You can be confident that your data will be secure because of the huge priority that Veryfi places on data security.

Ultimately, we chose these six apps for their respective categories because they offered a positive user experience that set them apart from competitors. Specific to expenses, Personal Capital automatically tracks and categorizes every expense you make on a linked credit or debit card.

Best Receipt Apps for Small Businesses and Freelancers in 2022

Suggestions relating to tax deductions are its stand-out feature. You can save your taxes by providing timely and correct information. This app lets you receive digital receipts and invoices automatically and arrange for mileage allowance payments. Reject or approve expense reports in bulk with a swipe of the finger. An expense tracker app is either web- or phone-based and can help you track a range of expenses. You enter incoming and outgoing money, and the app can help you store and track that information. It can help you track your budget, track your investments, use graphs and charts to show your progress, and keep your business and personal expenses separate.

• Launched in 2008, the app scans, reads and imports all receipt details.
• We reviewed the top expense tracker apps to select the top ones.
• Read our review of Wave Financial to learn about its free accounting software.
• Your receipt scanner should be able to quickly export your scanned documents with ease.
• With this iOS and android-compatible app, you can turn your smartphone into a savvy financial services provider.

The app can generate real-time reports and analysis, direct-deposit reimbursement, credit card reconciliation, and more. It’s a helpful tool to keep your receipts and expenses in Receipt Tracking Apps order and organized regardless of where you are or the size of your business. While you can certainly keep track of your expenses without an app, doing so has many advantages.

Receipt Tracking Made Easy

After linking your accounts, receive a free initial consultation with one of their financial advisors. Compared to similar companies, its annual fee for investment management is high. You will pay an annual fee of 0.89% if your assets are over under $1 million. If it’s over $1 million, your annual fee is 0.79% to 0.49% depending on the total assets.

Quit waiting extended periods for your receipts to be scanned and converted to expenses. Advanced autoscan uploads them to Zoho Expense quickly and accurately.

Select reviewed more than a dozen expense tracker apps and found the top choices for monitoring your spending.

With Shoeboxed, you can fill prepaid envelopes with all your receipts, invoices, and other financial documentation. Next, head over to the post office and send your envelope off to the Shoeboxed team.

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend an offer to a friend or family member, we wouldn’t recommend it on The Points Guy either.

Budgeting 101: How to Budget Money

With these services, your company can create a customized expense reporting app for your users or customers. The Shoeboxed app allows you to scan receipts and keep track of your mileage for tax reporting purposes. It also gives you the ability to specify which expenses are deductible — making it the ideal tool for tax time.

You can also connect it to your bank accounts and credit cards to make deposits, track spending, and monitor outgoing funds by category. Other apps help you categorize your spending so you can better understand your purchasing habits. Plus, some of the best expense tracker apps offer educational tools like blogs and courses to help you learn more about budgeting and your money. One way of tracking business expenses is by using business expense tracker apps. An expense tracker app helps you keep a timely and apt record of your spending by following receipts and bills. Some apps directly get linked to your bank and credit cards, saving you time by avoiding manual work. Thanks to cloud-based solutions that are capable of handling expense tracking and reporting, controlling employee business expenses are getting easier and less tedious.

• Before paying for an expense tracker app, check to see if there’s a free trial.
• It should also be able to slice and dice expenses in currencies the company and employees use.
• If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.
• When you pinpoint spending, you have an accurate view of just how well your business is handling money.
• It can scan up to 50 pages at once and extracts important information for organized digital filing.
• Enhanced analytics let you track excessive spending and keep policy violations in check.
• You will pay an annual fee of 0.89% if your assets are over under $1 million.

It simplifies employee and time tracking, which makes it easier to set payroll. Therefore, Veryfi is overall one of the best apps for all-encompassing receipt scanning, reporting, and payroll enabling. We reviewed the top expense tracker apps to select the top ones.

The app has received numerous awards from big names like Nasdaq and PC Magazine. Most of the praise comes from the way Abukai automates report-generation for you. This post is to be used for informational purposes only and does not constitute legal, business, or tax advice.

Best Mobile Apps to Track Expenses with Receipt Scanning

It also gives recommendations on saving money and reaching your financial goals possibly faster. I have used the app for friend and sibling trips, including bachelorette parties, group ski trips and even just day trips. Aside from travel expenses, you can even use it to split up expenses among roommates or just everyday purchases with friends. Trail Wallet is very similar to TrabeePocket, but unfortunately is not available to Android users. With this app, you can add as many categories as you want to separate expenses and everything is color coded to make the app more visually appealing.

Click into an expense to see the fully scanned image of your receipt. Share Excel or PDF expense reports to your accountant or use them for tax-filing. All your receipt images are saved, so you are covered for a potential audit.

You can take pictures of your receipts as you get them or in batches. With Expensify, all you have to do is keep your receipts from each purchase you make. Making sure you don’t spend too much, or spend your money on the wrong things requires a lot of discipline and attention to detail. We’ve been quietly celebrating our fifth birthday for a couple of months now.

The transparency offered by Zoho fosters shared responsibility for the company’s financial well-being. When everyone shares information and liability, they stay engaged and committed through a collective sense of success. Fyle’s easy-to-use solution is best suited for companies with over 100 employees and under 5,000 employees. Easy Expense uses advanced image processing and AI to extract key fields like vendor, category, tax, total and payment method. YNAB lets you track where every dollar you make ends up, offering both a detailed and high-level view of your finances.

You can monitor your credit, send invoices, create a budget, reconcile accounts, track the performance of investments, and create mileage records. FreshBooks is a business expense tracker app that helps track expenses for small and medium businesses. Your account will be updated every day by connecting your bank account and credit card. Fortunately, there’s a wealth of accounting and expense tracking apps that make it easy. With document scanning to keep all your receipts in one place, you won’t miss any deductions come tax time. Here’s our pick of the best expense tracking apps for independent contractors.

NeatFiles: Best Overall Receipt Scanner App

Most expense tracker apps aren’t free, so you need to decide if it’s worth the cost to you and your business. First, figure out what your goals for using the app are, what you need it to do, and how many users will be using it. With one swipe, you can categorize business and personal expenses.

Chances are you’ll find that paying for an app will save you money in the long run. It is also designed for scanning your business email to help you track, record, and organize any digital receipts in your mailboxes. WellyBox will also show you the most up-to-date status of your expenses, so you can save time, money, and effort. Best https://www.bookstime.com/ of all, the data can be exported to your accounting software, so you never have to miss an expense. QuickBooks’ invoice generator makes it easy to track sent invoices even if they are in multiple currencies. Once you connect your bank account with the app, you can keep a close look at the profits and losses of your business.

Expensya is an expense tracking software used by all types of businesses––from freelancers, mid-market businesses, and large corporations. A once painstaking task best left for the end of the month for both business travelers, finance teams, and travel managers can now be completed in real-time with minimal effort. To help find the right fit for your company travel program, we’ve assembled the top-tier applications for your review. Easy Expense links with your financial accounts to automatically scan up to 18 months of transactions for expenses and tax write-offs. Like Mint, Intuit is the clear leader in this space through its popular QuickBooks program. QuickBooks comes in various versions and editions depending on your computer and business needs. To avoid risking your hard-earned business money, a real-time expense management application should be there.