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 »

Capturing your e-receipts is a fast, easy, affordable way to eliminate paper clutter from your home or office, amp up your organization, and cut the time it takes to do your taxes in half.

The benefits of capturing receipts via your smartphone or desktop scanner include:

Instant digitization

When you scan your receipts or snap a picture of them using a smartphone app like the one available from Shoeboxed, all of the information on the receipt becomes instantly digitized. This means that you’ll be able to search for purchases and transactions by date, amount, category, and even individual items. Cloud-based applications like Shoeboxed ensure that all of your expense information is available at the touch of a button. More »

Keeping track of your business receipts used to be one of the biggest challenges of business. How are you supposed to stay organized on the go while collecting paper receipts that either get lost, smudged, or crumpled at the bottom of your briefcase or purse? You really don’t want to carry your hefty business receipt books with you all over. More »