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Managing receipts can be one of the easiest ways to save money on your taxes. A single dinner for business, or an expense accounted for will easily return your investment. Besides, as a business expense, it’s 100% tax deductible.
Find
receipts quickly
If you’ve
ever looked for a receipt for a warranty repair, you
probably had trouble finding it. With ReceiptWallet,
receipts are located quickly and easily.
Expense
reports
Do you have to prepare expense reports? If so,
ReceiptWallet can help. Once you store your receipts in
ReceiptWallet, you can select the receipts to email, print,
or export to PDF.
Taxes and
Accounting
In many cases, the IRS (or other tax
authority) may accept electronic copies of your receipts.
ReceiptWallet makes gathering information for taxes a snap!
Warranties
If you have ever had to get a product
repaired under warranty, you know how hard it is to find
the receipt to prove it is under warranty. With
ReceiptWallet, simply scan in the receipt, add some notes
about the product and now you can find the receipt quickly.
Rebates
Everyone is enticed by rebates, but handling
the paperwork and remembering about them is such a hassle.
With ReceiptWallet, scan it in, put in a note that it is a
rebate and you can quickly find the rebates later on. To
make things even easier, add an appointment to iCal to
remind you to check on the rebate. Without leaving your
desk, you can now look up the rebate and see where it is.
Flexible Spending
Do you have a flexible spending plan or a cafeteria plan at
work? If so, then you know how much of a pain it is to
gather up all the paperwork when the time comes to submit
the receipts. With ReceiptWallet, put items into a category
called Medical or Flexible Spending, then create a smart
collection for the time period, say the last six months.
Next select the receipts, hit print and you’ve now handled
most of the work already. If your plan accepts it, you can
even export the text content of your receipts as a CSV file
and import it into Microsoft Excel; you can print this and
might be able to simply submit it.
What is it?
So what is ReceiptWallet? ReceiptWallet is a
Mac OS X program that allows you to scan in and manage your
receipts. When you scan in each receipt, you enter a few
pieces of information about the receipt such as the
merchant, the amount, and category and then you can quickly
and easily locate your receipts. You can view the receipts
right on the screen, print them, email them, or save them
as PDFs. In addition to the powerful search built into
ReceiptWallet, you can organize your receipts into
collections. These collections can contain whatever you
want and even better than that is the ability to create
smart collections that automatically create collections
based on whatever criteria you like. For instance, you can
create a smart collection that contains all of your grocery
store receipts or one that contains receipts for a certain
year. The possibilities are endless.
For more information, visit www.receiptwallet.com.
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December 27th, 2007 at 6:04 am
I already use this, and would recommend it to anyone. I use in place of Apples Print->PDF->Web receipts when making online purchases, sure helps keep track of my MacZot purchases. :)
Print->PDF->Receipt Wallet.
As an added bonus, the latest version even “scans” online receipts and extracts data such as vendor and cost which before had to be manually entered.
Recommended buy for anyone in need of receipt management. I use it for both business and personal.
December 27th, 2007 at 11:55 am
This does sound interesting as we keep all of our receipts. Just not sure about the time it would take to scan them in, but then again it may save me time in finding the recent later when I need it for a return or mail in rebate. Will stores accept a printed receipt rather than the original?
December 27th, 2007 at 1:57 pm
>Will stores accept a printed receipt rather than the original?
That’s a good question, but with the thermal paper and ink that easily rubs off, a printed copy would be better than nothing.
December 27th, 2007 at 2:35 pm
It will depend on the store if they’ll take a copy of the receipt. Costco has taken a copy of the receipt (they accept stuff back without the receipt as they just look it up); Staples takes the actual receipt when doing a return, so it is unlikely they’d accept it.
December 27th, 2007 at 11:09 pm
Thanks for the info. I think I will have to pass on this right now and research it further. We have a pretty good system of keeping track of them and adding scanning to the mix just adds more time right now. Plus I just recently bought Yep which is a PDF organizer which might work just as well with both scanned and online receipts.
December 28th, 2007 at 9:42 am
So… can anyone tell me if this does ANY sort of OCR on your receipts, or do you have to fill in everything yourself?
December 28th, 2007 at 12:38 pm
While it is a little late to get in on this ZOT, yes, ReceiptWallet does do some OCR on the receipts. The results will vary and recognition gets better as you enter more receipts as it matches off previous receipts.