Managing receipts doesn't have to be the boondoggle in your business. Nor does receipt management using one vendor’s app for some receipts, a costly 3rd-party app for other receipts, and your banks’ receipt app for yet another set of receipts, make sense.
With QuickBooks Mobile, you can capture all your receipts with a single application designed to work seamlessly with QuickBooks Online. That way, your receipt capture and accounting stay in sync.
When receipt capture is a function of one or more tools, and your accounting resides in a different application, you can easily end up exporting, importing, and having to clean things up, and that’s a prime recipe for duplicate expenses and category mistakes.
With QuickBooks Mobile, receipts you capture are not stored separately, they reside with the accounting you’re already doing like categorizing expenses, matching receipts to transactions, and reconciling accounts.
Because QuickBooks Mobile receipt capture works seamlessly with QuickBooks Online; your financial data stays current. The level of integration between the QuickBooks Mobile app and QuickBooks Online reduces the potential for double entry. You won’t be typing the expense into a scanner app and then typing it again into QuickBooks.
When team members use the QuickBooks Mobile app’s receipt capture feature there will be far fewer "what was this expense for" inquiries because each receipt image is attached to the transaction in the QuickBooks bank feed. Simply click on any seemingly odd charge and see the source document immediately.
Then, by using a simple workflow routine of capturing all receipts daily, reviewing and match receipts by midweek, and reconciling all receipts by week’s end, you’ll keep your books cleaner with less catch-up work. When your expense tracking is current, your reports are more useful, you will know exactly where your money is going which lets you make decisions based on what’s happening this week without fearing that something outstanding will pop-up next month.
It also means you will be ready for tax time well in advance with no more shoeboxes full of receipts to have to enter or match in order to document your business expenditures. Without those worries, you can focus on growing your business.
So, even if you’ve tried the Mobile App receipt feature in the past, try it again because QuickBooks has improved it so that your receipts end up where they should, with all the right numbers and details.
Download the QuickBooks Mobile App (with receipt capture) from the Apple iOS Store HERE, or from the Android Google Play Store HERE.