If you are a sole trader or small business owner or any professional for that matter you have responsibilities to many people like your clients, your boss, your employees and accountants.
Accountants want to know everything about your work expenses, they want to see all receipts, invoices etc on time and preferably neatly organised. If you cannot provide these you will miss out on money that is owed to you.
This isn’t helped by the poor receipt keeping system a lot of professionals use, storing receipts in a drawer or shelf in a cupboard or even a shoebox. This is a messy way of record keeping and causes a lot of stress at the end of the month when you need to put together your expense account or when you need to put together your quarterly or yearly report for the taxman.
On top of that the risk of losing or misplacing a receipt is very high which doesn’t make your accountant happy and ends up costing you a lot of money.
The fact is in today’s day and age there is absolutely no reason to worry about where to keep your receipts and how to make sure not to lose them as smartphones can do all the hard work for you. Once you have our Easy Trace app on your phone, every time you make a purchase all you need to do is simply take a photo of your receipt. Easy Trace will upload it to your very own personal Cloud Inbox for data entry, reporting and searching. Alternatively you can also forward digital receipts via an email or upload them via a drag and drop web interface. This way all your receipts are securely stored in one place and can be accessed by you on your phone or online wherever you are.
Now if you are like the majority of people who don’t like data entry you can take advantage of our friendly data entry service. Our data entry team will take care of your receipts and you can either export your expense report in an Excel format or publish directly to MYOB.