Once upon a time, even the smallest of businesses would need to dedicate hours each week to manually retain and record receipts in their accounting software. This was in addition to engaging with bookkeepers and accountants to make certain everything was done correctly!
Luckily, with the emergence of online accounting software, like MYOB and Xero, it’s never been easier to automate these processes to save time, money and reduce stress.
One feature of MYOB and Xero which is often underutilized is the receipt capture app, which allows users to snap a photo of a receipt and have the details from the receipt automatically upload into their accounting file.
We personally love using this feature at Harris Black as the app scans and reads the relevant information on your receipt then matches to your bank transactions in real time so you can drastically reduce your manual administration time.
The app also provides functionality to allow employees to submit an expense claim on the spot when they scan a receipt. No more paper receipts to organise, and users receive an up-to-date picture of their expenses.
The receipt capture function is included in the MYOB Capture and Xero apps, which are accessible via the Google Play and Apple App store.
Get capturing and say goodbye to your stack of paper receipts!
