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For an iOS app to make our list, it had to have 35,000 or more reviews and a rating of 4.5 or better. On Google Play, an Android app needed 100,000 or more reviews with a rating of 4.5 or greater. If you’ve ever decided to get a handle on your cash flow, you know that the first step is knowing best apps for tracking receipts how you’re spending your money. Plans range from the Bronze tier, which costs $12 per month for 50 credits, to the Platinum tier, which costs $98 per month and includes 500 credits. We also considered our accounting expert’s opinion and advice when reviewing each software brand.
- The criteria were then weighted to favor features that matter most to small businesses.
- On the business app, you can take advantage of the manager approval process workflow while the freelance app focuses primarily on mileage expense tracking.
- It essentially makes your mobile phone a receipt scanner in
your pocket. - If you want, you can also sign up for the Expensify Card to get a 50% discount on your subscription and keep all of your expenses in one place.
- We have thousands of articles and guides to help you get the most out of technology.
- A receipt scanner app is a mobile application that allows users to scan and digitize paper receipts using their phone’s camera.
- Ditch the mountain of paper you’ve got stuffed in your filing cabinet.
The great thing about using this app for receipt scanning is
that it has the bonus of helping you create and keep to your budget. It doesn’t only help you scan and manage your receipts, but
it’ll let you be much more productive with all the paper documents you deal
with. The nice thing about using the app like Office Lens is that
it isn’t just for receipts. You can use it to scan and store any document and
use those scans in the many other apps that it integrates with. The scanning part works exceptionally well, since Office
Lens automatically trims and enhances the document so the text on it is easy to
read. You can then export the scans to any Office app like Word or PowerPoint,
of you can just send the PDF to your email or your OneDrive account.
Advantages of Using a Receipt Scanning App
Rydoo lets you approve or deny expenses right from the app or use an automated approval flow based on rules you set. What sets it apart is its ability to track mileage and tax rates for specific countries and regions. This means you can handle expenses easily, no matter where your employees are. Receipt scanner apps typically use security measures such as encryption, password protection and secure servers to protect user data. Some apps may also be compliant with industry regulations such as HIPAA or GDPR.
Genius Scan supports text recognition, multipage PDF creation, and PDF encryption with password protection. The app’s basic features are free, and you can upgrade to Genius Scan+ for a one-time fee of $9.99 if you need more features. You can also pay $2.99 per month for Genius Cloud, which will back up your data automatically. Cloud services, mobile apps, and receipt scanning apps can automatically perform these tasks, increasing the accuracy of your finances and helping you keep track of your expenses. The receipt scanning app helps you to target deductible expenses, and the expense report export tool provides you with sharable and downloadable PDF and CSV files of your reports.
Top 10 Receipt Apps to Try
All of our top picks sync with at least one receipt-scanning app. The criteria used to choose the best receipt scanning apps
included ease-of-use, quality of scans, OCR functionality, and user reviews. If you’ve staffed up your small business and handed out some corporate credit cards, Fyle can help you keep track of your employees’ spending. You’ll need at least five employees to make this powerful mobile app worth your while. Once you hit that hiring threshold, use Fyle to approve (or reject) your team members’ expenses on the go — complete with direct integrations to Visa and Mastercard. For small businesses on the verge of scaling up, QuickBooks offers the opportunity for DIY accounting.
It basically helps you track everything that takes time to
track when you’re traveling for your job. Check reviews on the app store or Trustpilot to make sure they are legit. Or, instead of putting away your grocery receipt as soon as you unload your grocery bags, scan it right away. Some apps might only give you three days to scan your receipt. They scan these cards at checkout so you can enjoy instant discounts. For a unique twist on shopping for groceries, you might download Mobee.
Best Business Software
If you’ve got a large or quickly-growing business with a lot of paperwork to deal with, you might consider investing in a dedicated business document scanner, like the Kodak Alaris. But if you’re looking for an app that can ingest a lot of receipts quickly, in every way imaginable, Receipt Bank is the app for you. But if you’re a QuickBooks pro, have a dedicated admin employee who’s willing to learn, and already use QuickBooks for your accounting, it’s definitely a worthy option. QuickBooks Online has everything you need to manage your business’s finances, so it’s good for larger businesses that need more functionality out of their software. To get a good understanding of how users tend to find the apps, we considered a range of third-party ratings and user reviews.
The best way to keep track and not lose your receipts is to use a receipt management app. Business owners usually deal with hundreds of receipts daily, which is time-consuming. Hence, a receipt tracking app saves businesses time and money in filling documents and preparing for tax filing and tax audits. Furthermore, Neat’s expense management data connects with accounting tools (like QuickBooks) and tax tools (H&R Block’s and TurboTax). With Neat, there’s no need to manually export your expense reports, non-financial documents, or itemized receipts if you’re logging them on Neat.
A tax accountant may demand that you scan or upload all of your receipts as PDFs, but your work expense program only accepts JPEG photos. Check to see what file formats your receipt scanner accepts, so you do not have to change them after scanning them manually. Money Manager tops our list of Android expense tracker apps for its high rating, clean display and personalization options. App developers seem quick to respond to user questions and suggestions. Many reviews are very favorable, and note that the number of ads shown (the price you pay for a free app) is not overly irritating.
This is, by far, the most popular expense tracker app in the App Store. With hundreds of thousands of reviews, it towers far above the others, most of which have far less than 100,000. Satisfaction is high, though some users complain about a high number of unwanted notifications. Ranking the best apps by reviews and popularity is a constantly moving target. The number of reviews on Google Play for a search of “expense trackers” is much greater than a similar search on the Apple App Store, except for the leading iOS expense tracker app.
Best for Accountants
But depending on your reason for needing a receipt app, you may be on the lookout for additional tools and features. If you’re already an Evernote user, you’ll definitely want to check https://www.bookstime.com/articles/what-is-bookkeeping out receipts. The cost of receipt scanner apps can vary widely depending on the features and capabilities of the app, as well as the pricing model and subscription options offered.
- This app is one of the quickest ways to make money on grocery trips.
- Just starting the process of tracking your expenses is more than half the battle.
- It is important to carefully review the security measures of any receipt scanner app before using it and to use strong passwords and other security best practices to protect your data.
- Plus, document scanners and trackers like Expensify and Shoeboxed don’t just store your receipts but categorize them too.
- The app also allows you to scan a barcode for safety measure.
- With the Evernote Receipts app, you can store snapshots of your receipts and use them in expense reports for your taxes.
