Hindsight is 20/20, and if filing taxes this season was one long chaotic scramble in search of a crumpled old receipt or invoice, you know now that life could have been made so much easier with a digital receipt tracker. These hi-tech apps help track taxes, income, daily expenses, and invoices with just a snap of your iPhone camera. And if you are a small business owner, freelancer, contract worker, or entrepreneur, a digital receipt tracker can help ensure that history doesn’t repeat itself again next tax season.
In the world of receipt apps, Foreceipt is a well-known digital solution that is used by over half a million users worldwide (it boats a stellar 4.6-star rating on the App Store and an equally impressive 4.4-star rating on the Google Play Store. Think of the service as your own personal, pocket-sized bookkeeper, that can file away your bills and even send expense reports straight to your smartphone. As one current Foreceipt user notes, “I downloaded this app back in 2016 and it has been incredibly useful and easy to use. I’m able to categorize my receipts amongst my company, add pictures of the receipts, write notes, and so much more. It has made doing taxes a breeze, and it’s great for referencing.”
After snapping or scanning a photo of your documents, Foreceipt quickly converts it into digital data that’s stored on their main web portal or app, making the information easy to access at a moment’s notice. Additionally, it lets you enter expenses or your income manually without receipts, too. And then when next tax season rolls around, it provides you with a well-formatted excel expense report, as well as IRS and CRA accepted digital receipts.
While normally priced at $239, currently a five-year subscription to the receipt tracking app is on sale for a one-time payment of $29.99.
