We tried every receipt capturing app on the market to compile this list of the best OCR software for receipt capturing. Some of our picks may surprise you!
Here are the 10 best OCR software for receipt capturing that you can consider:
Lido offers seamless receipt capturing and expense management, providing real-time data processing and integration capabilities. It’s known for its user-friendly interface and efficient data extraction.
Zoho Expense is a comprehensive expense management tool that simplifies receipt capturing and automates expense reporting. It integrates seamlessly with other Zoho apps and popular accounting software.
QuickBooks offers robust receipt capturing and expense tracking capabilities, tailored for small businesses. It integrates well with various financial tools and provides insightful financial reporting.
Expensify is designed for quick and easy expense management, providing automatic receipt scanning and expense reporting. It is highly regarded for its intuitive mobile app and ease of use.
Wave is a free receipt capturing tool that offers a range of features for small businesses, including expense tracking and invoicing. It’s well-suited for freelancers and small business owners.
Shoeboxed specializes in organizing and digitizing receipts, making it easy for businesses to keep track of their expenses. It offers mail-in services and is known for its accuracy and reliability.
Dext Prepare provides powerful receipt capturing and expense management features, with a focus on accuracy and efficiency. It integrates seamlessly with accounting software to streamline financial workflows.
Neat is a versatile receipt capturing and document management tool that helps businesses organize and manage their financial documents efficiently. It offers secure cloud storage and easy data extraction.
Veryfi is known for its advanced OCR technology and real-time data extraction capabilities. It’s designed for professionals who need accurate and quick receipt capturing.
Evernote Scannable transforms paper receipts into digital formats, offering easy integration with Evernote for organized storage. It’s ideal for users already in the Evernote ecosystem.
Here is a comparison of the best OCR options for invoice processing that you can consider:
When selecting OCR software for receipt capturing, it's important to consider factors that ensure efficiency, accuracy, and compatibility with your business systems. Here are some of the most common considerations:
Ensuring the tool reliably extracts key information like vendor name, total amount, and date from various receipt formats is crucial. High accuracy reduces the need for manual corrections, streamlining your expense reporting process and saving time.
It's essential that the tool integrates seamlessly with your existing accounting and expense management software, such as QuickBooks or Xero. This integration facilitates smooth data transfer and consolidates your financial workflow, enhancing overall efficiency.
A user-friendly interface is crucial for efficient use by all team members, regardless of their technical skills. Look for software with intuitive navigation and clear instructions to minimize the learning curve and ensure a smooth adoption process across your organization.
Robust mobile applications are essential for capturing receipts on the go, especially for employees who travel frequently. Ensure the mobile app is compatible with your devices and offers the same functionality as the desktop version, providing flexibility and convenience.
Secure cloud storage protects your receipt data from loss and unauthorized access. Verify that the tool complies with data protection regulations and offers encryption and other security measures to safeguard your information, ensuring that your data remains secure and accessible at all times.
Receipt capturing is the process of digitally recording and storing receipts using OCR (Optical Character Recognition) technology. It simplifies expense tracking by automatically extracting and organizing receipt data for easy access and management.
Example: Using Lido, a user can scan a restaurant receipt with their smartphone, and the app will automatically extract and categorize the expense details, such as the total amount and vendor name, for seamless integration into an accounting software.
We hope that our top 10 receipt capturing apps list has helped you choose a solution for your business. Think, we missed a software? We would love to hear your opinion!