This streamlines the process of organizing and tracking financial records, saving users time and effort. Receipt scanning apps photograph and create digital versions of your receipts, which you can easily retrieve from a digital filing system. But you can’t do any of these things, because you keep all of your business records in a messy desk drawer, and you’ve lost the receipts for all of them. Jason Ding is a seasoned accountant with over 15 years of progressive experience in senior finance and accounting across multiple industries. Jason holds a BBA from Simon Fraser University and is a designated CPA.
If you’re mainly tracking expenses to deduct on your taxes, then Everlance will be a helpful tool for both businesses and freelancers. Unless you want to add on mileage tracking and fixed and https://www.bookstime.com/articles/debt-service-coverage-ratio variable rate programs, the free plan should be more than enough for most. Paid plans start at $10 per user, per month, for businesses and $5 per user, per month, for self-employed workers.
Select the Ideal App for Scanning Receipts
You can snap a picture on your phone, and QuickBooks will link it to the transaction. QuickBooks also has functionality for freelancers who need to submit expenses to clients with the ability to attach receipts directly to invoices. For one to 25 employees at $12 per user, per month, but there are also Professional and Enterprise plans with customized fees for more users. QuickBooks Self-Employed tracks income and expenses to simplify tax preparation, but it doesn’t allow you to file directly through the app.
Another crucial feature for freelancers and small businesses is the ability to create customizable expense reports. This feature allows users to generate reports that suit their specific needs, from basic summary reports to more detailed breakdowns. Apps like Expensify and Zoho Expense offer this functionality, enabling users to create and export expense reports in various formats to share with clients, stakeholders, or for internal tracking.
FreshBooks Receipt Scanning
Although, it does make the process easier, so you’re not wasting time on manual data entry. You can hire an accountant and then give them access to your FreshBooks account, so they have all the data they need for bookkeeping, taxes, and so on. The Dext app is suitable for businesses with heavy bookkeeping needs. best app for keeping track of receipts Accountants and bookkeepers often praise it because has a high rate of accuracy when pulling data from paper documents. It increases productivity by eliminating manual entry and lessening the burden of receipt management. If you are already using it for your accounting, you can also use it for receipts.
- Some receipt scanner apps offer additional features beyond receipt scanning and expense tracking, such as document storage, collaboration tools or project management capabilities.
- An app with AI integration can convert scanned receipts into digital text quickly, allowing for accurate data entry.
- Any business owner’s receipt pile can quickly grow out-of-hand and become overwhelming to manage.
- The tools we’ve mentioned make it accessible without needing to preserve hundreds of little paper slips.
- Dext Prepare helps users efficiently capture and organize data from client cost and revenue documents.
- In fact, some of the other apps on our list integrate with Evernote as a place to store your receipts in the cloud.
Concur’s pricing structure is not as upfront as some of the other receipt apps on this list. Small business prices start from $20/month when billed annually and go up to $60/month. One perk is that you get as many as five users and 300 documents on the lowest plan and 30 users and 4,000 monthly documents on the highest. Simply create a specific email like , where your employees can forward their receipts.