Day: March 9, 2020

Small Business and Bookkeeping – Expenses

Tracking your expenses sounds easy, right? We all know that isn’t the case. It can be quite time consuming especially if using spreadsheets. If you are a high volume transaction business, finding the time to input that data can prove to be quite difficult and let’s face it, that task can simply get put off for MONTHS is there is too much to be done. I want to talk about a couple of automated methods of tracking your expenses that, once setup, require nothing more than uploading a receipt. First up: Receipt Bank Optimized for web-based accounting platforms, Receipt Bank allows you to take a picture of, store, and sort your receipts for ease of use for you and your accountant or bookkeeper. There is also a mobile app, making it much easier to snap a photo of the paper receipt and upload it to you Receipt Bank folder before it gets lost or damaged so bad it can’t be read. For a demo of Receipt Bank, you can click the name above this paragraph. Next: Expensify Another optimized for web-based accounting platforms, Expensify boasts itself as a simple method of tracking expenses across multiple accounts; automating the entire process