socialmedian: Shoeboxed to make expense reports easier with iPhone app

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Shoeboxed to make expense reports easier with iPhone app

Source: VentureBeat

Nov 04, 2009

Summary

Online receipt scanning and expense management service Shoeboxed.com wants to become an essential tool for mobile businesspeople. The company recently introduced an iPhone app that lets users upload pictures of their receipts to be scanned and indexed. Using proprietary optical character recognition and computer learning technology, Shoeboxed lists the vendor, purchase date, and expenditure type for each receipt in an easy to use format.

The iPhone app is efficient, processing my crumpled up grocery receipts correctly in under 15 minutes. I was quickly able to edit and add categories for all of my receipts, dividing them into easy to understand categories. Users can view receipt information on Shoeboxed as well through integration with other business applications such as Quicken and TurboTax. The one main drawback is Shoeboxed does not currently itemize items on a receipt, only giving you the total, which could pose a problem when certain professional expenses are mixed in with personal purchases.