Expense and receipt mgmt - Is there an app for that?

[Kim Thomas]

Starting on my second flip next week.

Did a not-so-great job of keeping up with receipts and expenses on my first flip and it made things difficult in the end to fully asses. 

I think what Im looking for is an app that allows me to take a photo or screen shot of a receipt and then uses OCR to extract information.

The result would be a list of items on the receipt and the price paid for each.

I would then, presumably later in the day or week, assign a category to each item (ex. paint, drywall, appliances, cabinets, labor) and maybe even a sub category (bedroom 1, bathroom 1, kitchen, etc). 

I’d be able to open the app, click on categories and see where we stand in the budget.

In the end, I could have the app create a spreadsheet to show a summary or a detailed report and be able to save it to my drive and/or email it. 

Would be fantastic if I could also click on an individual item and it would pull up the receipt/screenshot. 

Does such a beast exist? Is there an app for that? Free would be great, but I’m willing to drop some cash on it. 

Thanks for any suggestions or thoughts! 

[Kim Thomas]

Been looking into various suggestions after searching deeper in forum. Lots out there, but seems like the most difficult thing I can’t seem to find is something that will extract each item purchased on one receipt. 

[Mark F.]

The best I've come up with is to run all nearly all of my renovation purchases thru Menards or Home Depot and put the address as the job/po name. I then go online once a week or whenever needed and print to PDF/save the receipts and manually enter them into a Google Sheet Doc (excel form) that I track materials, labor, holding costs, etc on for each project.  I know HD allows you to export the transaction on commercial/contractor accounts to BuilderTrend, Quickbooks or to even print all transactions in a CSV summary or even to filter them by job name but I haven't used that, I'm sure - or hoping there is a better way as well as it is time consuming especially when working on several projects at a time. 

[Jasmine Delves]

There are property management apps that have expense tracking and smart receipt scanning features. You can then create an expense report by category that you can save/share. 

[Drew Sygit]

Get a brand new credit card and only put property expenses on it.

Most credit cards have online statements and such you can easily review.