A High-Tech Accountant in Your Pocket
Tax time is always tedious if you run your own business, since you have to total up expenses (and the inherent write-off) yourself. When travelling it can be worse since you're stuck with a bunch of paper bits. To help solve some of that problem David Peskin came up with a subscription-based app called CapturenGo.
Using the camera on a Blackberry or iPhone (sorry, no Android version), the app takes the image of a receipt, pulls the relevant information into a format that is IRS-approved, and exports it to an Excel sheet. (Peskin's own background is in financial services).
The data is sent to an online account that can be accessed from a PC, so it doesn't eat the memory in your smartphone. For the free app, the maximum number of receipts is 50 in 30 days. For anyone who makes more than one sale a day, that isn't enough, so for $99 per year you can sign up for an unlimited plan. If that sounds steep, ask yourself how many tax write-offs you missed each month because you couldn't find the receipt and stretch that out over a year.
The app works for organizing business cards as well, and you can't overestimate the value of networking.
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