The IRS requires receipts for business expenses over $75. If your employees are regularly losing receipts or requesting copies from their corporate credit cards, it might be time to introduce a receipt scanner app to your staff.
It offers basic features like invoicing, inventory control, and payroll processing. But if you want more advanced functionality, such as creating custom reports, integrating with other software packages, and managing multiple companies, you may need to upgrade to Quickbooks Pro.
If you travel frequently, Expensify makes sense as a tool for managing your receipts. It works like many other expense trackers by letting you enter transactions manually or automatically using data pulled directly off credit cards.
For businesses with fewer employees, there may only be room for one person to do their books. That’s why we love using Bench as both a personal finance manager and receipt scanner. It makes keeping up with bills, paying off debt, saving for retirement, and planning for taxes easy.