Before deciding to use a receipt scanning app in your business, it’s important to understand the benefits. What are some advantages of this technology? How can I determine which type of app is right for my business? In this article we investigate more about the different scanner options and how they can benefit your business.
A receipt scanner app is an app that scans a physical paper receipt or an e-receipt and stores the information in a digital format. Many of them allow for better expense management, receipt storage, various ranges of search capability and quick expense reports.
Not sure what a Receipt Scanning App is?
If you want to go digital, you need to know that even your receipts can join the party. Rather than keep those paper receipts around like a relic of the 20th century, turn them into digital copies with a receipt app. And… in doing this you are also contributing to saving the environment.\
If you’re getting a lot of digital receipts, it makes sense to use a receipt scanner. This way, you don’t have to look through all your old emails or store paper receipts in a shoe box or filing cabinet for an extended period. You can scan your paper or digital receipts and keep them all in one place.
It’s Time to Invest in a Receipt Scanner app to scan receipts for expenses
As more and more businesses start using digital receipts, you can’t afford to fall behind. The old way of manually importing transactions was time-consuming and tedious. If you’re still doing this, you’re missing out on valuable time to work on other tasks. Meanwhile, your competitors are ahead of you. With an receipt app, you can focus your efforts on more important operations that will make your company better than the competitors.
Crunchr offers a personal and business receipt app that can be used to convert receipts quickly and easily into digital, searchable formats.
It doesn’t have to cost a fortune to easily manage expenses, scan receipts and track your expense reports.
Receipts scanned and tracked by Crunchr!
One of the best apps for receipts is Crunchr. It’s easy to download to your mobile phone and it costs nothing to trial the app for the first 30 days. Also, it won’t bill you automatically after your free trial period as many other apps do.
Many people love the app because it makes scanning receipts a breeze. All you have to do is snap a photo, and then review all the scanned info on your phone.
Receipt apps like Crunchr integrate with Quickbooks, Myob, Xero, and other accounting software. That means you can easily create expense reports for expenses and prepare your taxes quickly and efficiently. Receipt apps also categorise all of your expenses so that you can track budgets, monitor cashflow (the oxygen of your business) and prevents any expenses slipping through the cracks.
Yes, You Should Be Using a Receipt Scanning App
Tax season and month end can sneak up on you, and it’s important that you prepare for it. With a receipt app you can quickly manage your receipts into categories, and in some cases spreadsheets on the fly, helping you keep track of expenses not only at tax time, but throughout the year. In using a receipt app you can capitalise on valuable personal and business tax deductions that may have previously slipped through in the past! No more lost money from faded or lost receipts!
Reduce the clutter and keep your desk, drawer, room, or closet clean.
With a receipt scanner app, you can finally say goodbye to those paper receipts that are littering your desk, wallet and office. You’ll never have to worry about keeping track of them again! Simply take a photo, and your receipt will be uploaded to the cloud, so you never have to worry about cluttered drawers.
Make your business more secure.
The first and most obvious benefit of using a receipt scanner app is that it’s easy to keep your receipts all in one safe place so you can manage them quickly. But for businesses with less security, there are a couple downsides – your future tax returns could be a challenge, especially if you don’t have updated records. Using an expense and receipt app is an easy way to ensure that all your documents are safe and secure. Your receipts are uploaded to the cloud. There is definitely peace of mind knowing that if you lose your phone just login on your new device and your receipt data will automatically get sent back to you from the cloud.
More efficient organisation
If you are using a filing cabinet or a shoebox, it can be tough to organise receipts, especially for tax time. A receipt app is perfect for keeping your documents well-organised. You can easily organise your receipts into categories such food, clothing, food or travel expenses etc.
Organisation of your receipts makes it easier to find the items when you need to recall them. Rather than searching through all of your cabinets, you can save time by simply searching receipts through the app. In fact Crunchr has one of the most advanced search engines on the market enabling users to search through all their specific items on their receipt’s images. Search for that Hammer drill warranty and boom ‘you can find it in seconds’.
Receipt scanning apps offer great security. You no longer have to fax copies or email receipts to employees if you download the app. Once you’ve downloaded, you can add other users and share your files over cloud-based storage.
Manage Expense Reports
Having a fast and accurate way to turn paper receipts into digital ones can be important for different reasons. Receipt apps allow you to categorise them correctly and make useful reports that’ll help you assess your spending and even speed up the expense reimbursement process, getting your money back into your pocket quicker.
Receipt scanner apps like Crunchr are saving small businesses a lot of time. Now, it only a matter of secondsto scan and upload receipts. There’s no need for tedious data entry or special training, there’s no need to fire up the laptop and it doesn’t take an accounting department to use it.
The expense report is especially important when it comes to creating a budget. An automatically updated expense report makes tracking spending a breeze. In seeing real-time data, you can make faster and better business decisions quickly. For example, the report may show an area where you should cut back spending, or it could show where you should increase your spending. And… if spreadsheets aren’t for you, you can also use an App with a Live expense tracking feature.
When employees manually input data from receipts, there is a risk of human error. Even one number in the wrong place could cost your business a lot of time and money. A receipt scanner provides better accuracy, with little to no manual entry needed.
Save on your taxes by getting organized.
Choosing the right receipt scanner app can help simplify your tax process and maximise your tax return. Instead of spending weeks combing through receipts, you can export all your data to your preferred accounting software, making the process easier and faster. You also have the option to send this information to an accountant for review so that they can help you prepare for tax time.
Do you want to scan your receipts? Our scanning app will be able to do so.
Crunchr, the world’s simplest receipt app has many helpful features to make sure that receipt and expense management is simple and easy. Whether you’re an entrepreneur or the owner of a large company, our receipt scanning app can help you with your business needs.
Download the best app for receipts – Receipt Scanner. Crunchr!
Sign up for Crunchr today! You can try it for 30 days without any risk – no credit card necessary. For just $6.99 a month, you will receive all the features necessary to make your experience amazing.