how do you turn an excel expense into a bill

To increase your tax return or reduce tax paid back to the government, business owners needs to apply proper expense categories to each expense item in your bookkeeping.

Assign proper IRS or CRA expense categories.

You can even track email receipts with Foreceipt. Foreceipt has one of the best scan accuracies among similar apps, so you can have peace of mind. When you take photos, make sure you have proper lighting and place the receipt against a dark background.Īfter taking photos, you will have the chance to review, edit and verify the details of each receipts, including expense category, tax paid, payment account etc to ensure all information is accurate. With the most updated version, you can take multiple photos at once to speed up the process. The app is available for free in both Apple Store and Google Play Store. Here is a details run down of how Foreceipt works. All you need to do is take photos of your paper receipts. Then you can easily export an excel sheet with all tax details and proper categories that you accountant has demanded you do. It scans and reads paper receipts and convert them to digital records. Of course not – there is a perfect solution to this problem – Foreceipt app.įoreceipt, is your personal bookkeeper. Doing that manually will take days, and you might not even have excel installed in your computer.ĭo you panic? Or feel terrible about yourself? You accountant asked for a excel sheet with all your business expenses organized by category with tax details. There is never enough time in the world to finish them all! The last thing you want is to scramble before the tax filing deadline because you found out that you have so many expenses to track, and they are all paper receipts – 4 boxes of them! If you run your own business, you have so many things to take care of.

How do you turn an excel expense into a bill