The Best Android and iOS Apps for Managing Receipts

This would be fine for those who are willing to pay for the scans, but the OCR scan is not completely accurate at detecting prices of receipts. This means that you end up having to edit the total value—which defeats the point of why you paid for OCR scans. Evernote is a general note-taking app, but the fact that it can recognize images with text makes it a useful receipt storage app too. This is especially true if you want to keep receipts recorded but don’t need to generate expense reports.

(We all know paper receipts are all too easy to leave in your pocket and run through the wash). Want bookkeeping software that supports your receipt scanner? Check out our page on the year’s best small-business accounting software.

What Is a Receipt Scanner App?

Remember, the shopping app doesn’t care how you pay for your purchase. All they are looking at is if you purchase the correct product and upload your receipt in a timely fashion. Or by attempting challenges like uploading a certain amount of receipts in a single month. But you most likely won’t earn cashback at your local grocery store.

And all OCR scans are verified by human data verification experts. Neat uses optical character recognition (OCR) software to extract information from paper documents and turn them into usable, keyword-searchable data. The app allows users to organize files by expense type, tax category and more and offers integrations with QuickBooks, TurboTax, H&R Block and other software. Users can scan documents using a TWAIN-compliant scanner, take pictures with the Neat mobile app, email documents or drag and drop them into the app.

Evernote Scannable

For some business owners, this may be a simpler alternative to a receipts app. Finally, what if you’re looking for a way to digitize your paper receipts but don’t want to download and use a receipt-tracking app? When choosing a receipt-tracking app for your company, you have multiple things to consider. The three most popular apps among the small business owners we spoke with are Expensify, Rydoo and AutoEntry. If you’re searching for accounting software that’s user-friendly, full of smart features, and scales with your business, Quickbooks is a great option. Choosing the right receipt scanning app really depends on
when you need to scan apps and how you need to use them.

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. The best apps had the best overall scores based on our methodology. 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.

Unique Features – 20%

The optical character recognition algorithms in the app eliminate human errors that may occur when directly inputting data from receipts. Switching your printed receipts and papers into digital files might solve these issues, and a receipt scanner is an ideal tool for the task. Some receipt scanners offer internet services enabling you to organize and retrieve your receipts from anywhere. You can capture your receipt and be able to keep track of it even on the fly. This app allows you to categorize, tag and even group expenses in a report to make things quite simple for you.

• But if you need a receipt app for a specific task like scanning handwritten receipts, you may want to try one of our nine other picks instead.
• Receipts by Wave helps you track and organize your receipts by categorizing them, allowing you to separate business expenses in the way that works best for you.
• When used with Assistant, you can use the command Show me my receipts to generate a list of your latest receipts.
• It is a shopping app that pays you to shop and review your shopping experience.
• If you have a rewards credit card, you can earn rewards points for each dollar you spend.

Expensify will import those expenses automatically from your card so you don’t have to go through your statements at the end of each trip. If you’re looking for an app for tracking employee travel expenses, it’s hard to beat Expensify. In addition to scanning and organizing receipts, Zoho Expense also allows users to create expense reports and submit them for approval. This can be especially useful for business owners and freelancers who need to keep track of their expenses for tax or reimbursement purposes. The app also integrates with other Zoho business tools, such as Zoho Books and Zoho Invoice, making it a convenient choice for businesses that already use these tools. Consider business expense trackers that are made specifically for your most common type of spending.

ABUKAI Expenses offers receipt tracking aimed at businesses, with prices starting at $99 per user per year, plus a one-time setup fee of $49. While this pricing plan is higher than some of the other apps on our list, ABUKAI’s detailed reporting options may make it worth it for some users. ABUKAI suggests that the app can be used in health care, insurance, hospitality, https://www.bookstime.com/bookkeeping-services/san-jose and dozens of other industries. The app will process it into a report and send it to your email address or forward it to a colleague. Genius Scan is made by The Grizzly Labs, a team that also makes related apps like Genius Sign and Genius Fax. That means you’ll have all the tools you need to handle multiple tasks, from scanning receipts to signing contracts.

Through well-organized graphs, it offers you the right insight about your income and spending. You can find out how much money has been spent over a specific period of time by account, currency or category. This app automatically creates flight status updates regarding your trip so that you are always to the best of knowledge about your travel. If you are a sales professional or business traveler, you won’t find a better app to let you track your receipts with utmost comfort.

Even when you don’t buy a single grocery item, you earn rewards. Groceries are one of the biggest variable expenses for most people. To help you offset that cost, there are apps best apps for tracking receipts where you can scan receipts for money. Because it was designed for businesses with heavy bookkeeping needs, Dext is best-positioned to serve accountants and bookkeepers.

Once you make a purchase in that shopping session, TopCashback tracks your purchase. Usually, within 24 hours, your cash back credits to your TopCashback account. When you are ready to redeem your rewards points, you can receive a cash payment or gift cards. You have three days from the end of the current month to submit your receipts. For instance, if you purchase in October, you have until November 3rd to upload a copy of the receipt. When Shopkick states “no purchase required to earn points,” they mean it.

Categorised in: Bookkeeping

This post was written by pencil