Sunday, July 16, 2023

The best receipt scanner for QuickBooks

Receipt-AI.com now supports the uploading of receipts to QuickBooks via email and text messages. If you are struggled with receipts, please read along.

What is Receipt-AI?

Receipt-AI is a receipt management tool designed for businesses. Users can simply take a picture of their receipt, send it via email or SMS, and Receipt-AI will extract information and upload it to their preferred accounting software, such as Xero or QuickBooks.

Why are receipts important?

Purchases, sales, payroll, and other transactions you have in your business will generate supporting documents. It is important to keep these documents because they support the entries in your books and on your tax return.

How long should I keep receipts?

In the US: it is recommended to retain receipts for 2-7 years. *
In Canada: the general requirement is to preserve such documents for a period of 6 years. *

Why do we choose emails and text messages?

Receipts come in many form: Physical, emails or from your co-workers. If you are looking for solutions that work with tools you already have, using text messages and emails is by far the simplest way.

When should I start tracking my expenses?

You should begin tracking your business expenses as soon as you start the process of registering and operating your company. This is crucial because there are startup and organizational costs associated with setting up and establishing your business.

How can Receipt-AI help me save time?

Receipt-AI makes tracking expenses quick and easy. It automatically extracts information from your receipts and reduces the chance of human errors, so you don't have to enter data manually or make backups of your receipts. Simply take a picture and send it via email or SMS.