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Are you tired of manually uploading expenses after an event or client meeting? Do you wish there was an easier way to track, upload, and create expense reports?
Receipt scanner apps are an innovative must-have for businesses of every size. This tool makes tracking financial data easier and keeps your employees organized. Whether you're tracking employee expenses or preparing for tax season, there are many reasons why you might want to invest in an automated data extraction tool.
One of the best tools on the market is Shoeboxed. This receipt scanner app is designed to help simplify daily bookkeeping tasks, so your team can automate their workweek while staying productive.
Let's take a closer look at the eight benefits of the Shoeboxed App for small businesses.
What is the Shoeboxed App?
The Shoeboxed app is an online receipt tracker tool. This tool pulls accurate data from your receipts and creates a precise expense report. With this tool, small business owners can aim to go paperless while accurately tracking the must-know financial data. This innovative tool is designed to automate expense tracking and reduce the need for mundane data tracking. It also has a wide range of paid monthly and annual plans available for teams of every size.
8 Benefits of The Shoeboxed App for Small Business Owners
Ready to experience the benefits of one of the best receipt tracker apps? Here are eight benefits small business owners can look forward to with the Shoeboxed App:
1. Streamline Productivity
This innovative tool makes tracking and submitting everyday financial tasks an effortless process. Some companies claim the Shoeboxed App has helped their small business save up to 900 hours a year. While others find that it saves them up to $1,500 a month. Whether you own a small local business or a growing online company, you'll find that this app is the easiest way to track and record receipts.
2. Enhanced Organization
Keeping track of all your receipts can be a tedious process. This app will help your team stay organized and efficient during the workweek. It takes the stress out of mundane tasks and reduces the risk of human error. Once you've integrated the tool into your workweek, you'll find that everyday tasks are much easier to complete quickly and on time.
3. Streamlined Auditing
Worried about an IRS audit? With this receipt tracking tool, you can easily keep all your team's yearly expenses in one centralized location. This way, you can create an audit trail for tax season. The platform will ensure your company is compliant with local regulations. It can also protect your business from IRS audits, maximize deductions, and provide a clear view of your financial health.
4. Create Expense Reports
Creating, submitting, and tracking expense reports for every occasion is a tedious process. The Shoeboxed App will help your team efficiently create expense reports in seconds. All you need to do is take pictures of your recipes. The platform will automatically import the data for you in seconds. So you can complete your expense reports and reimburse employees quickly and efficiently.
5. Auto-Import Tools
Are you tired of dealing with inaccurate data or import errors with receipts? The Shoeboxed app will do all of the work for you. The platform has a built-in Gmalil receipt sync and automated data extraction tool. These automation tools will make tracking and recording expenses effortless. It will also reduce the risk of errors, ensuring your business is compliantwith rules and regulations.
6. Turn Business Cards into Leads
Tired of tracking piles of business cards after an event or conference? Shoeboxed is more than just a receipt tracking platform. With the Shoeboxed App, you can create an online database with all our contacts in seconds. The platform helps you easily import contact information to your CRM platform in seconds. The platform will also only extract human-verified business receipt data so you can maintain a healthy CRM file.
7. Affordable and Flexible Plans
The Shoeboxed App has a wide range of monthly and yearly plans for businesses of every size. You can also try their platform for free for 30 days before you commit to a plan. Here's how the Shoeboxed pricing compares:
- Business: $71/month
- Professional: $47/month
- Startup: $23/month
Features like automated data extraction, Gmal receipt sync, and receipt management dashboard are included in all Shoeboxed plans. You'll also get unlimited file storage, users, and mileage recording tools with any plan. The main difference between the three plans is how many digital and physical documents you can scan.
To learn more about the platform, you can book an online demo.
8. Reduce Expense Fraud
The Shoeboxed App has a verification team that will help reduce expense fraud. This is the best way to catch mistakes in real-time. Reducing expense fraud can also help preserve your financial health and improve operational efficiency. There is also a built-in tool that will help improve the accuracy of mileage recording.
Final Thoughts
If you're still manually tracking receipts, mileage, and reimbursements in Excel, you're putting your business at risk.
The Shoeboxed app is an innovative tool small businesses of every kind can benefit from. Once you've integrated the tool into your workplace, you can easily track, store, and record all necessary expenses with a few clicks of a button.
If you're tired of manually inputting and tracking receipts for every expense, Shoeboxed is a must-have. This innovative tool is easy to use and offers a wide range of features that will help streamline workplace productivity and efficiency.