There’s a lot to consider when buying or using receipt software. Receipts account for many different things—from trackable inventory to customer satisfaction. They hold all the answers to questions about your business, so making an informed decision can be difficult.
That is why we have collected and carefully written out this review from the right sources, to help you make informed decisions. So here are the frequently used receipt software for small business
FreshBooks App
Scan receipts on the go with this free mobile app. You’ll need to open a FreshBooks account to use it but you can get a free 30-day trial. FreshBooks is powerful cloud accounting software built for small business owners, not accountants, so it’s extremely simple to use, as is the app.
The mobile receipt scanning app ensures that you can keep track of payments from wherever you are. Instead of keeping all of your receipts in a bulky mess to add up manually, it makes organizing your transactions an absolute breeze.
This digital receipt app lets you snap a photo of your receipt with your phone, add a category (to help you come tax time) and input crucial details like vendor, purpose of the expense, taxes and the grand total. You can also mark the expense as billable.
With a receipt scanning app, you can forget about manually inputting your expense details. It takes care of the numbers for you, so that you can focus on taking care of yourself. Simply take a photo of your receipt, fill in the important details and leave the rest to FreshBooks.
This data will then be added to your expenses and synced with all your other devices including other mobile devices and your desktop.
The app also has plenty of other features, like the ability to create and send invoices on the go, get updates on when clients view or pay invoices and manage expenses.
Smart Receipts
Smart Receipts is another receipt focused app that makes capturing and organizing your receipts very simple.
It essentially makes your mobile phone a receipt scanner in your pocket. On top of that, it’ll save you time when you want to generate an expense report, and even lets you track more mileage while you’re traveling for business.
It basically helps you track everything that takes time to track when you’re traveling for your job.
The best features of Smart Receipts include:
- Customize PDF, CSV, or ZIP format reports you can export
- Free and open-source
- Take receipt photos or import from your photo gallery
- Tag receipts you’ve captured with metadata to help you find them later
- Track your mileage during travel
- Sync your receipts and reports with Google Drive
- Has an OCR feature to recognize text from your scans
Download Smart Receipts: For Android, For iOS
Receipts by Wave
Another app focused primarily on saving and managing your receipts is Receipts by Wave. This app is especially easy to use, and syncs with your free Wave account for cloud storage of all those receipts.
The nice thing about this is that it doesn’t matter if you lose your phone, you’ll always have access to your important travel records via the web.
Some of the key features of Receipts by Wave include:
- One of the best OCR text recognitions of any receipt scanning app
- Wave’s cloud-based accounting software lets you incorporate receipts into reports
- Scan multiple receipts (up to 10) all at once.
- You don’t have to be online to scan and save receipts
- Edit notes to go with scanned receipts
Download Receipts by Wave: For Android, For iOS
ABUKAI Expenses
Abukai is a surprisingly simple app that has one main purpose, and that is to manage all your expenses without much effort.
Saving your receipts is literally a two-step process with this app. You just take a picture of the receipt or invoice while traveling and submit the receipt to save it to your phone. The app processes the receipt to the expense report you’ve set up, which you can send to your email or any other email address.
The app has received numerous awards from big names like Nasdaq and PC Magazine. Most of the praise comes from the way Abukai automates report-generation for you. Reports can be exported in either Excel or PDF format.
The free version includes 12 expense reports a year, which means if you only need it to send a single report a month, you won’t have to spend a dime.
Download Abukai: For Android, For iOS
Genius Scan
It isn’t just receipt-scanning apps that’ll do the trick when it comes to scanning and managing your receipts. If you think about it, all you really need is an effective scanning app to do the job.
Genius Scan is one of the perfect apps for this. If you’re looking for the simplest app for scanning and storing your receipts while you travel, this is it. The app lets you export those scans to any of your cloud storage accounts via JPEG or PDF.
It integrates with Box, Dropbox, Evernote, and more.
Features of this impressive document scanning app include:
- Document detection and perspective fixing
- Scan several receipts at once.
- High-quality scans
- Tag receipts to make finding them much easier
- All receipts are immediately stored on the phone for best security
Download Genius Scan: For Android, For iOS
Clear Scanner
Clear Scanner is one of those scanner apps that make a perfect receipt manager. That’s especially true with Clear Scanner because of the built-in OCR capability so that text from your receipts are recognized and imported as well.
You can use Clear Scanner while you’re traveling to quickly capture receipts and save them as PDF documents or JPEG format that you can attach to your expense reports.
The app automatically detects the corners of the receipt so you’re only saving the receipt itself and nothing else, which can save space in your mobile device. You can also edit the photo before saving it to your device.
The app also syncs with Dropbox, OneDrive, Google Drive, Evernote, and other cloud services so you can access your receipts from anywhere.
Download Clear Scanner: For Android, For iOS
Paypal
Paypal is a mobile-friendly free invoice software. You can create and send invoices in just minutes on any digital device, save online invoice templates for quick entry, and automate payment reminders. Paypal is also known as a payment gateway that processes card and bank payments and accepts payments from clients around the world. With a lot of uncomplicated tools to use, sending a professional invoice is easy with Paypal. This free mobile app for invoicing has been around for more than 20 years!
Zoho Invoice
Zoho Invoice is a free billing and invoicing software for small businesses that have less than five clients to invoice. Zoho Invoice effectively manages and monitors your invoices while you relax. This tool is perfect for time tracking, expense tracking, invoice tracking, sending reminders, and most importantly allows customers to pay through credit card or debit cards and bank transfers. Along with a free invoice generator, Zoho Invoice comes with other free generators such as estimate generator, income tax calculator, expense report generator, revenue forecaster, and SKU generator. Zoho Invoice seamlessly integrates with their own suite of products and also with Stripe, Paypal, Google Drive, and Dropbox.
Nutcache
Perfect for small businesses, Nutcache is invoicing and project tracking software combined. You can create, customize, and monitor unlimited invoices, invoice your project, track delayed payments, and get paid faster. If you have a recurring invoice, simply automate it to get paid on time. Their free plan includes a maximum of 20 users and 1 GB of storage.
Invoicera
Invoicera is an online invoicing and billing software that can be customized as per your small business needs. This cloud-based free invoicing software automates your invoices so you can focus on other important tasks of your business. You can send payment reminders, manage your vendors, customize invoice layouts to make them look more professional, and manage remote teams with centralized data management.
Expensify
Expensify is an expense reporting app that integrates seamlessly with your FreshBooks cloud accounting software. Get more control over your expenses reporting and approval process with Expensify.
This mobile app lets you easily import expenses from your business credit card and create expense reports on the go. Expensify also lets employees create expense reports within the app that owners can approve and pay within the app as well.
It also acts as receipt scanner software with SmartScan capability. Snap a photo of the receipt with your smartphone and the app will capture all the important details and add them to your list of expenses. You can also email digital receipts to an Expensify account to add the expense or use a Chrome extension to do the same thing.
Scanning receipts is the easiest way to keep track of your finances. Instead of convoluted filing systems and old boxes filled with faded receipts, you can keep track of your spending in an easy-to-use, accessible format.
Expensify is a budget-friendly option for small businesses as it’s only $5 per month for each user. It works well for small businesses that have a lot of expenses and want to avoid manual entry or for small businesses that need an easy way to reimburse employees.
Abukai
Abukai is another great time-saving receipt app for business. With Abukai, you don’t need to manually input data from your receipts, categorize your expenses or worry about exchange rates—the app does it all for you.
Abukai supports iPhone, Android and BlackBerry devices. Take a photo of the receipt and press “submit.” Abukai takes care of the rest by adding an expense entry with the category, date, vendor and any other relevant information from the receipt plus an image of the receipt.
The app is also known for accurately reading all types of receipts, including foreign receipts, and doing up-to-date currency conversion for you. It’s also simple to use, user friendly and intuitive and won’t create more work for you in the end. It’s great for beginners.
Abukai also integrates seamlessly with your FreshBooks cloud accounting software and will post these expense entries to FreshBooks for you.
The app has a free version as well as a free trial of its corporate plan which is $99 per year per user. There’s also a $49 one-time setup fee.
MMC Receipt
MMC Receipt is a receipt capturing app which captures, processes and categories all your receipts instantly using OCR and machine learning so you can stop spending time on manual data entry.
Customers can add unlimited receipts, unlimited users and have unlimited storage of data in a simple monthly plan with no hidden charges.
We swear by the quick turnaround time of 5 minutes and the accuracy with which we process your receipts including multi currency data.
You can also take advantage of recording each and every line item in the transaction so you always have accurate data.
MMC Receipt integrates with FreshBooks allowing you to record expenses real time through receipt capturing and categorizing them instantly using OCR and Machine Learning.
Brightbook
Brightbook is a completely free invoicing software that makes invoicing extremely easy. It doubles as accounting software that gives you instant insights and lets you import banking statements to check your daily transactions. Brightbook has a multi-user feature that provides selective access for extra safety and privacy.
Invoice Generator
If you don’t have too many invoices to send, Invoice Generator is perfect for you. You can create and send invoices to clients and accept payments online without having to create an account and log in to this invoice software. All you need to do is type in your invoice information, put your logo, and opt to showcase tax, shipping, and discount costs. You can even add links to various payment options.
Square
Square might be best known for accepting POS and online payments. This invoice software works with almost any eCommerce platform. You can send a free Square invoice and estimates that you can easily convert into invoices. You will also be able to share contract templates along with your invoices. No matter where you are, with Square Invoices free mobile app you track unpaid and paid invoices from any digital device.
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Conclusion
Software has become an indispensable part of each and every business. It has made all the operations much easier and hassle free. These days, if you are running a business then you certainly need to keep track of countless numbers of applications. It is very important to follow certain policies so that there is no mismatch or mistakes in your financial activity. When it comes to sales receipt management, the type of receipt management software to be used depends upon factors like number of counters, sales timings etc.