Yes, losing official documents is bad. But, you know, what’s worse, tracking receipts and trying to sort your finances! Were the receipts thrown off, did someone deliberately misplace them, or did something else happen?
Physical receipts can be a nightmare if not managed properly. Here is where a best receipt maker app can come in handy. Not only will it prevent the piling of receipts, but it will also help you organize them in a simple manner. Moreover, it is super easy to convert paper-based receipts into digital receipts. Here is how you can organize your receipts and keep your finances in check with online expense tracking software.
How to Organize Digital Receipts For Business Expenses?
If you can manage your receipts in a box, that’s fine too. But, you will not be able to sustain this process in the long run. So, depending on the size of your business, you can choose any of the 4 ways to streamline your receipts.
1. Save Them on Google Drive
Once you are done tracking finances with online expense tracking software, you can collect your receipts and store them in Google Drive. This will you will not need to search high and low when it comes to auditing and filing your taxes. Moreover, this will make it extremely easy to use.
For example, if you make purchases online, you can save the receipts to your computer. Post that, you can save digital copies directly to your Google Drive. Moreover, you can always choose to create separate file folders and segregate receipts accordingly. This could include an expense, receipts, or an invoice folder.
Also, when everything is organized by dates, when it was bought, and the type of item, it will become super easy to navigate and find the right receipt when the time comes.
2. Evernote To Rescue
With a wide range of functions, Evernote is a great app to collect notes and organize receipts. Besides, you can easily add new receipts to a folder and not worry about them. Such is the power of the application!
The good thing is you can also send receipts from your email to the app directly. Also, if you tag receipts and use a good subject line, Evernote will separate them for you into specific folders.
3. Try Out WellyBox
Known for having an intelligent interface, WellyBox can help you find any receipts or invoices across linked inboxes. You can even sync it with an accounting app to forward relevant information.
Besides, you can download receipts or invoices from a supplier whenever you purchase. Moreover, you can integrate it with Microsoft Office or Google Drive.
4. Download It To Your Personal Computer
Now, adding another productivity app may not be the wisest of ideas, and you might think multiple times about online expense tracking software. So, if that is not your cup of tea, we suggest you download it to your personal computer. Although it can take some time initially, it will be smooth sailing once you figure out the right process.
You will need to figure out which practice is working in your favor. It can be as simple as creating multiple folders and adding all your receipts to them. Also, if you receive digital receipts, you can download them and save them to your folders. For a paper receipt, you can scan it or take a picture and add it to your folder.
Keeping your receipt organized can keep you productive and proactive. Besides, you will save a lot of time, money, and stress when you are organized. Moreover, you will know about each penny you have spent, how it was spent, and when the expense was done.
Furthermore, switching to digital records can also use paper-based usage to a great extent. You no longer need to arrange a pile of papers, and you can manage them easily with your mobile or computer.
Thus, when you sit down to do your taxes, you can easily find your receipt using your receipt maker app and know the location of each thing precisely. So, take action and get your online expense tracking software today to reduce workload and improve business processes.