The best receipt scanners can do the following:
- Extract data from accounts payable items, including invoices and receipts
- Classify accounts payable items
- Archive and organize your receipts for easy storage
- Have a dashboard that lets you manage multiple accounts
- Feature multiple submission methods
- Let you submit purchase invoices and expense claims
- Work on both Android and iOS
Intuit listed Veryfi as one of the best receipt scanners for small business owners.
Veryfi offers easy-to-use receipt software that doesn’t fall short on features. Users may mail, scan, email, or upload their receipts for processing or dictate the information through their Apple Watch. Veryfi uses AI-powered technology to pull the necessary data from digital and analog files for accurate, automated data entry, and the company releases regular updates to keep its automated technology competitive.
You can choose from different Veryfi apps depending on your needs. The Core app handles your expenses and receipts, while the Logbook app offers hands-free travel tracking. Whereas the Timesheets app lets you track your employees’ time on various projects.Read the full article
Track Receipts & Expenses across Projects
Features:
- Track income & expenses
- Extracts data (iOCR) from receipts, bills & invoices in real-time
- Manage projects & customers
- Sync to QBO
- Reconcile transactions with integrated bank feeds & statements
- Split expenses across up to 3 profiles (eg. business, personal)
- Run advanced reports (P&L, balance sheet, expenses/receipts)