On average, users of the QuickBooks Self-employed app have found $19,290 in annual savings. Using the app to track expenses can prevent you from leaving money on the table. Overall, the app’s interface is intuitive and lets you sort personal and business expenses in a second with a simple swipe. Alternatively, you can take control of how your expenses are organized by setting up custom organization rules. Having your expenses categorized in advance will make tax season a breeze, since the category lists in QuickBooks Self-Employed are identical to the list on the T2125 form. A receipt can be a: GST tax invoice cash register. It then sorts your transactions into tax categories. For anything under 75, the consumer can ask for a receipt, and the business must provide it within 7 days. In addition to receipt scanning, the app can automatically import your bank statements, credit card, Square and PayPal transactions. What if there was a safe and efficient way to file your expenses manually ? Using optical character recognition (OCR) technology, the QuickBooks Receipt Scanner can scan and record the amount, date, and location of your transactions.
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