Main Purpose
The main purpose of Receipt Cat is to simplify expense tracking for small business owners and individuals by providing a tool for scanning, organizing, and managing receipts digitally.
Key Features
- Automatic Receipt Scanning: Receipt Cat offers an intelligent receipt scanner that utilizes AI and OCR technology to automatically extract details from paper receipts, such as merchant name, amount, taxes, and date.
- Organizing Receipts Made Simple: The platform provides a drag-and-drop interface for easy receipt uploading, customizable categories for personalized organization, and a secure, encrypted storage space accessible 24/7.
- Insightful Reports: Receipt Cat equips users with a dashboard to monitor income and expenses over time, break down expenses by category, and compare expenses against income to measure business performance.
- Ready for Tax Season and Audits: Receipt Cat ensures users are well-prepared for tax season and audits with organized and searchable expense categories, digitally scanned receipts that are compliant with IRS and Canada Revenue Service, and the ability to keep financial records for up to 7 years.
- Additional Features for Convenience: Receipt Cat offers custom rules for automatic categorization based on merchant names and the ability to snap photos of paper receipts and upload them on the go.
Use Case
- Small Business Expense Tracking: Receipt Cat is an excellent solution for small business owners seeking a reliable and easy-to-use tool to streamline expense tracking, saving time and helping with organization.
- Personal Expense Management: Individuals can also benefit from Receipt Cat by using it to track and manage their personal expenses, making it easier to stay organized and monitor financials.
