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5 Easy Ways to Track Your Business Expenses

· Write a comment · Categories: Receipt Scanning Software · Tags: business expenses, digitization, expense reports, expense tracker, receipt scanning software, taxes

Keeping track of your business expenses is the easiest way to save money on your taxes and make sure you’re getting all the write offs you deserve. But when you’re busy and on the go, organizing your receipts and tracking your expenses is usually the last thing on your mind.

In the past few years, a variety of new software has been developed to help individuals and business owners track and manage their expenses using digital receipts and receipt scanning software. Here are our top 5 ways to use tech tools to track your spending:

1. Consider going paperless

The #1 reason people make mistakes tracking their expenses, or forget to include lucrative write-offs on their taxes, is because they’re still using hard copy methods. Paper receipts and reports get lost, misplaced, smudged, and torn. Not to mention the damage they do to the environment. Going paperless will make all of your expenses instantly searchable within your chosen software application. More »

How to Create a Monthly Expense Worksheet

· Write a comment · Categories: Receipt Scanning Software · Tags: desktop scanner, digitization, expense tracker, mobile scanner, monthly expense worksheet, receipt scanning software

If you run a large business or corporation, chances are you have an accounting team to create and manage budgets with a monthly expense worksheet or expense-tracking application.

But what if you’re a small business owner or solopreneur? If your business is small or you’re just getting started, it can be difficult to plan a monthly budget. You may be spending more money than you’re making, and if you’re like most small business owners, you may be pouring a lot of your own financial resources into growing your business.

Even if your budget is different every single month, you can still benefit by using a monthly expense worksheet to track spending, income, write-offs, and payments. More »

Three 21st Century Ways to Create an Expenses Spreadsheet

· Write a comment · Categories: Receipt Scanning Software · Tags: android, cloud, digitization, expense reports, expense tracker, expense tracker app, expenses spreadsheet, iphone, receipt scanning software

Back in the day, maintaining an organized expenses spreadsheet meant passing a hard copy printout between employees and hoping for the best. Ink got smudged, receipts got stapled, and if you were lucky, everyone got reimbursed for their expenditures in a somewhat-timely manner (assuming the spreadsheet didn’t get lost).

Flash forward to 2013, when cloud-based accounting software has made it easier than ever to track expenses, generate reports, and create budgets – all without ever having to hit the print button.

The key to creating a flawless expense report is to accurately track your expenses. If you have a solid system in place, generating a report based on those tracked expenses is an absolute breeze. Here are a few of our favorite ways to ensure accurate expense tracking: More »