Survive Tax Season With Shoeboxed

shoeboxed

Tax season strikes certain weariness into small business owners. Some say its fear, but i feel it really is much more likely that we dread the time sink of preparing our own taxes or working with a CPA or accountant.

Enter Shoeboxed – a receipt capture and tracking service that permits you to improve the way you approach expenses and the way you organize receipts.

Shoeboxed is likely one of the market leaders in receipt and expense management for small business owners. The idea is you may snap a straightforward photo together with your camera or smartphone and instantly upload the receipt to the net-based service. The goal is to get that receipt from your “shoebox.” As you upload each receipt, the service asks you the way to categorize the thing and creates an expense report at the fly.

There’s a lot to love with this service. That’s a time-saver and a valuable service. What number of receipts do you will have piled up on a desktop or in a drawer or envelope? I save all of mine until tax season after which manually tally them up. Silly really, when this will save me much time, effort, and a bit anxiety getting all my stuff so as yearly. Paid plans start at $9.95 monthly.

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A little while after uploading my first receipt screenshot, I received an email confirming that it might be processed within one business day. Your receipts will process more quickly at the paid plans, I’m sure, but you receive 50 free receipts at the forever free plan should you can take care of the slight time lag.

If you upload a number of receipts, you’ll only receive one email saying “submission received.” If the receipt is invalid, not readable, or otherwise unacceptable, the e-mail states that they’re going to notify you separately, otherwise, assume all is definitely.

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What i actually Like

  • A confirmation email. Shoeboxed emails you nearly immediately that your receipt is accepted and pending. The forever free account has a slight processing delay of as much as one business day, but i discovered it was often less.
  • When you alter a class, the system asks you in an effort to try this for all similar receipts, as on this example, for Starbucks receipts. It is going to return and alter existing ones, plus this can not assist you to choose that category again (in case you mark that option) sooner or later.
  • Bulk receipt envelopes. At the paid plans, which you can simply mail Shoeboxed that stack of receipts you’ve been saving all year in what they check with as a “Magic Envelope.” Pretty handy presently of year, or a little bit earlier.

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What i need to look:

  • An end to the misleading signup process. Let me be very clear: Shoeboxed offers a valuable service, but within the strategy of signing up you’re able to click the incorrect button and move right into a paid option. The landing page shows a really perfect, super simple signup – enter your email for the “forever free” plan. But then it takes you to a whole signup page where you want to navigate options and hunt for that “forever free” option that looks on the very bottom of the page. I’m sure you are able to opt out of the paid plan easily enough, but I like to see all options more clearly than one buried on the bottom.
  • A direct link for Android mobile devices. The mobile link at the main site takes you to the iOS version in iTunes. Yow will discover it by searching in Google Play and install it from there.

I mentioned Shoeboxed in a well-liked article titled, “ 7 Essential Productivity Tips – and The Tools to realize Them .” When you’ve got been combating maintaining along with your bookkeeping, this can be a service you are going to like to test.

After a long time of looking to sustain – I’m now going to begin actively using the service for my very own financial record keeping.

Images: Shoeboxed

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