Personal Accounting, 21st Century Style!
It frequently gets cluttered, is a hassle to tabulate at the end of the month and doesn't go into much detail about expenses.

I'vebeen using it for a few weeks now, and it's amazing! The whole system consists of a piece of software and this small scanner which fits neatly on my desk....it's about the size of a TV remote control:
I was originally going to buy it, try it, and return it...but I'm actually very impressed. Just insert a receipt and the software AUTOMATICALLY reads it, tabulates tax, total price, tells what store the purchase is from, keeps a scanned copy, shows date of purchase and categorizes it!! Online receipts are also very easy to enter in. I was very impressed at how much information the program accurately picks up from each receipt.
You can I can see in real time how much I've spent for bills, investments, fun etc. in real time without having to input each purchase in an Excel sheet.
During tax time this thing will be extremely helpful because it basically tells you how much was spent for groceries, investments, transportation etc, and you can easily search for receipts digitally which beats rummaging through a large accordion folder full of them.
I'm sure for most people an Excel chart would be fine, but anyone with a considerable amount of purchases per month would benefit from this little system. This is personal finance for the 21st century!
Labels: Productivity





24 Comments:
I'm guessing this thing cost a pretty-penny.
LOOPY
www.betathetapi.net
How is this like a phone?
I use my Credit Card for most purchases and then I download a MS Money File from my CC website... I use MS Money to organize my personal finances.
I might just have to swing by the site and check it out :) Thanks!
www.me2press.com/free
So i'll sit back and wait for the mac version. I hate keeping hard-copies of receipts. i hate snail mail in general too. if you can't email or text it to me i don't want it. clutter clutter clutter. yuck.
You can pay your bills via credit card, collect miles or something and then get an itemized statement of expenses at the end of the year. Or as has been suggested here use Quicken or similar software and download your bank and cr statements, broker records etc. Such software has an added benefit, it would teach you about accounting (something you need) and filling tax returns.
While almost anything is better than tracking expenses by scribling on a wall, you have a history of impulsive, expensive "gizmo" purchases. Seems to me you are not spending any time defining your needs and researching for a product that would meet your needs at a reasonable cost.
Penny wise and pound foolish once again.
Cheers,
Steven
I tried to charge as much as my expenses into a credit card as possible, not because I needed one. Simply because I will get a statement of how much I spend per month from my credit card company. Anything else paying by cash, back to the manual data entry.
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