Receipt Scanning Apps: The Best Way To Scan Receipts

Receipt scanning apps are a great way to keep track of your spending and save time in the process. These apps allow you to scan receipts with ease, quickly store them digitally, and access them whenever needed. Not only that, but these apps can also help you keep track of the important details associated with an expense, like who it was for or when it happened. In this article, we have compiled a list of advantages that come with using receipt scanning apps, as well as a few recommendations for the best ones available.

Advantages Of Receipt Scanning Apps

Reduce Clatter

One of the most beneficial aspects of using a receipt scanning app is that it can help to reduce clutter in your home or office. Do you have a pile of receipts sitting around on your desk that you haven't had the time to organize? Using a receipt scanner app can help you digitalize your paper receipts and save them somewhere easily accessible. All you have to do is take a photo of each receipt and store it on your app.

Increase Security

Digitizing your receipts can also give you some additional security. Scanning your receipts eliminates the possibility of someone taking important information off a paper receipt or being thrown away accidentally. Additionally, when you store all of your records digitally, you can easily access them from anywhere by signing into your app.

Better Organization

If you are a small business owner, you might be guilty of having a large stack of disorganized and often misplaced receipts. With a receipt scanning app, you can easily store all your records in one place, so they are organized and readily available when needed. You can organize your receipts by:

• Date

• Vendor

• Category

• Amount spent

Create Expense Reports

With a receipt-scanning app, you can quickly generate expense reports with a few clicks. We all know that tracking expenses is essential in order to gain financial insight. With a proper scanning app, you can easily generate reports at any time, allowing you to understand better where your money is going and how much you spend on specific items or services.

Simplify Tax Time

Instead of spending hours sorting through your receipts and records at tax time, you can quickly generate all of the necessary documents from within your receipt scanning app. you can export data to your accounting software, making it easier for you to file your taxes.

Budget Tracking

By generating detailed reports, you can track your budget and make better spending decisions. Real-time data makes monitoring your financial activity easy and ensures you stay on top of your budget. For instance, if you notice that you are spending more than your budget allows in a certain category, you can easily adjust your spending to fall within the allocated amount.

Best Receipt Scanning Apps

New high-resolution scanner from Brother with many features carried over from ADS-2700W predecessor. The fact that it supports both one-sided and two-sided scanning is one of its key features. You may also scan any files in both colour and black and white. Up to 50 sheets of documents can be fed into the ADS-2800W document feeder. Pages can be easily resized by users to suit their needs. You can utilise a duplex scanning mode and scan single- and multi-page documents. You can utilise custom settings or select one of the preset page sizes.

Now that you understand why using a receipt-scanning app can be beneficial, here are a few of our top recommendations:

FreshBooks

One of the most popular receipt scanning apps on the market is FreshBooks. To enjoy the receipt scanning option, you must first sign up for the FreshBooks accounting service. Once signed up, you can quickly scan an invoice or any other receipt with their mobile app and store it in your account. With FreshBooks, you get a comprehensive look at your expenses as well as the ability to generate reports or share records with others. This software platform also has advanced features, such as creating invoices, sending estimates, and tracking time.

Expensify

Expensify is a one-place solution to capture receipts, track time and expenses, and quickly approve or reject requests. The mobile app allows you to scan any receipt and store it in their system with all the associated information like date of purchase, store name, and more. It also integrates with most major banks, so you can import your transactions directly.

Expensify’s user-friendly interface makes it easy for users to view their expenses in an organized manner and generate reports. You can also use this app to upload existing photos of your receipts if necessary. Once uploaded, they will be securely stored and easily accessible.

QuickBooks Online

This application by Intuit is another excellent way to scan receipts quickly and easily. QuickBooks Online allows users to snap photos of their receipts and store them digitally with all the associated information. It also offers a wide range of features to help you manage your finances better, such as invoicing, budgeting, and tracking time. You can also use QuickBooks Online to manage expense reports, generate tax-related reports, and sync your bank or credit card accounts.

Veryfi

Veryfi is an application designed to ensure top-notch data security and privacy compliance. It is a useful app if you are looking to stay organized with your receipts, expenses, and other financial activities. It offers a comprehensive solution allowing users to scan, classify, and sync data from their bank accounts and credit cards. Veryfi can extract the metadata associated with each receipt in order to categorize them automatically. If you have a client with confidential information on their receipts, Veryfi has the ability to redact and securely store it so that no one else can access them.

Shoeboxed

Shoeboxed is the perfect pick for tax purposes.  It is an outsource receipt audit service that focuses on providing the best services to its users and giving meaningful suggestions on tax deductions. It also comes with a wide range of features like invoice management, expense tracking, and receipt scanning. The Shoeboxed mobile app lets you take pictures of your paper receipts and store them digitally in their secure system.

Conclusion

Receipt scanning apps are an invaluable tool for businesses and individuals who want to stay organized and on top of their finances. With all the advantages they offer, these apps are worth considering and choosing one that suits your specific needs. We hope this article has given you a better understanding of receipt scanning apps so you can make an informed decision on which one to use.