This task can be performed using XPenses
Simplify Expense Tracking
Best product for this task
XPenses
accounting
XPenses helps freelancers, contractors, and small business owners keep up with day-to-day expense tracking without turning financial admin into a second job. Instead of juggling spreadsheets, email attachments, and invoice tools, you can keep expenses, receipts, income, and billing activity together in one place.
What to expect from an ideal product
- Takes photos of receipts and turns them into organized digital records
- Groups expenses by category to match standard tax deduction types
- Creates monthly and yearly reports ready for tax filing
- Tracks business mileage and calculates deductions automatically
- Links to your bank accounts to catch and label all business purchases
