Business Receipts App | 5 Minute Receipt Hack for Small Businesses

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  • Опубліковано 5 вер 2024
  • 👉 "Service Marketing Simplified - mikemancini.ne...
    My Favorite Business Receipts App!
    When it comes to organizing receipts, it's a sore spot for me. So here's a quick business hack that I found for organizing business receipts. It's a business receipt app called Receipt Bank.
    Best of all, it's easy, quick and a really cheap way to help simplify your business.
    Here's the link (we DON'T get a commission if you sign up...we just love the product): www.receipt-ba...
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КОМЕНТАРІ • 244

  • @MikeMancini
    @MikeMancini  4 роки тому +25

    Let me know what you think and if this helped IMPACT your business.

    • @MeMe-wp6iu
      @MeMe-wp6iu 3 роки тому +1

      Also on the same recipet. Im a painter and we have to buy clothes at times when we are on the road or cause the shirts or shoes or pants got messed up bad yes shoes some products if it gets on clothes will get so hard and sometimes we cant ecen walk in the shoes or a accident happen and got a major spill and goes over the shoes . And some gas stations sell all that stuff . Like corner store gas stations . Will everything go into its own slot? I separated with my girl and her daughter use to do all my reciepts and add everything up for me at the end if the year . Well now im stuck amd i also buy and resale stuff but i dont have a cash register for a reciept but i always write what i have sold for the day amd also have a book for all the stuff i buy to sell. Can them type a reciepts work also for this ? Or is that something i have to sit down and type in .

    • @MeMe-wp6iu
      @MeMe-wp6iu 3 роки тому +1

      What happens if you have a reciept that could have clothes or gas or say groceries amd say oil

  • @consumerdebtchitchat
    @consumerdebtchitchat Рік тому +6

    I am a brand-new, one-month-old LLC. I don't do QuickBooks I don't do spreadsheets. This is simple and quick. I'm signing up for it! Thank you for telling us about it.

  • @tclodfelter8789
    @tclodfelter8789 Рік тому +4

    YeeHaw! That's me every year! I have a folder for each month. EVERY receipt for that month goes into the folder. I take each folder month by month...spread the receipts on the floor and separate them into the categories, food, gas, tolls, hotels, etc... Then I add each category and put them into a notebook. I take those numbers to the accountant! We're looking into buying a portable receipt scanner!

  • @tonymyers1798
    @tonymyers1798 8 місяців тому +3

    This is exactly what I needed! Your intro was like watching myself in a mirror. Thanks. I’m gonna try this app!

  • @tiffanyalm4580
    @tiffanyalm4580 2 роки тому +5

    The recites always kill me! Thank you for this video!

  • @annwalker8907
    @annwalker8907 Рік тому +3

    OMG, I've been looking for hours for the best way to do this. This was the perfect presentation and the perfect product for me. Thanks so much.

  • @KR-xn8xr
    @KR-xn8xr 5 місяців тому +2

    So I have a question wave has a receipt function does the same thing for 8usd per month receipt bank now called dext is 24usd per month that’s crazy expensive or is there another pricing tier for receipts only

  • @chrisRandall112
    @chrisRandall112 3 роки тому +14

    This is exactly what I was looking for! Thanks for sharing!

  • @rosannamelder5912
    @rosannamelder5912 4 роки тому +6

    Great I needed this cos I’m still doing it the old school style, I’m bit slow than others lol.

    • @MikeMancini
      @MikeMancini  4 роки тому +1

      Hope it helps.

    • @Rod-bp8ow
      @Rod-bp8ow 3 роки тому +1

      Old style and added technology, either ways, its a need, the instincts and innates that makes everything smooth and orderly. Be it thousands, millions of years. Preserved.

    • @Rod-bp8ow
      @Rod-bp8ow 3 роки тому

      @@MikeMancini helpful, synchronized.

  • @melissapriddy3739
    @melissapriddy3739 Рік тому +2

    I NEED this! My worst dreaded yearly and timely chore is receipts! Going to go look at it right now. Thank you!

  • @thenewnarrativewithsylvie
    @thenewnarrativewithsylvie 2 роки тому +10

    Awesome video! Super informative and full of value. As a small biz owner starting out, this is brilliant. Thank you!!

  • @susanlovelace01
    @susanlovelace01 3 роки тому +2

    Thanks Mike, i just searched for a way to scan my receipts cause i do what you do every year tax time, go thru these receipts that you can even read, Thanks much for the info.

    • @MikeMancini
      @MikeMancini  3 роки тому

      Glad to help. Thanks for watching!

  • @y.empowermyb8844
    @y.empowermyb8844 2 роки тому +2

    Thank you I’m just my business and been looking for a great app to save my receipts in this way perfect video thank you sir and most success to your business

  • @Bladeguy99
    @Bladeguy99 3 роки тому +2

    This is exactly what I need! I've been looking at accounting software which I don't need right now

  • @moreenpinto5121
    @moreenpinto5121 2 роки тому +14

    Hi Mike, I have a custom cake shop. The majority of my receipts will have items that would fall into different categories (i.e. grocery, office supplies, tools) all in one receipt. Would this program allow me to break down each item on that receipt into its separate category? Thank you for all your informative information.

    • @MikeMancini
      @MikeMancini  2 роки тому

      Sorry Moreen, I'm not sure.

    • @sheenabryant5630
      @sheenabryant5630 Рік тому

      Did u figure this out. Immune is the same

    • @lilbitofeverything5801
      @lilbitofeverything5801 Рік тому +1

      Trying to find similar software myself. Any luck

    • @mwaikul
      @mwaikul Рік тому +1

      These are called Line Items. Were you able to find a software that does that? I am considering building something like this specially for restaurants that also helps track/estimate inventory based on sales. Would this be something useful for you?

    • @TheAmericanTaco
      @TheAmericanTaco Рік тому +1

      It’s over $300 a month how is that cheap

  • @arriyanpeagler9986
    @arriyanpeagler9986 10 місяців тому +1

    Great video Mike! This is exactly what I was looking for. Thank you so much for sharing this video. I am SO signing up for this.

  • @elwittinio2865
    @elwittinio2865 2 роки тому +2

    Cool, but my receipts ( materials etc) go on different jobs. I would struggling at the end of the year to know which jobs they would relate too.

    • @MikeMancini
      @MikeMancini  2 роки тому +1

      You can separate them into different categories (or jobs).

  • @jonathanparker5375
    @jonathanparker5375 Рік тому +1

    Thank you. I'm already starting to drown in receipts. I knew my system wasn't going to work.

  • @brandonhowarth2402
    @brandonhowarth2402 2 роки тому +1

    E receipts stored online before they fade? And same with e-waste bins for home use? Not jusr public use? Usb slip slot hub?

  • @pamelafallin7861
    @pamelafallin7861 3 роки тому +2

    Think you !hope that I will beable to keep your app. My someone can so best way to save infromation pages. Because the one I subscribe to some time dispare whe I go back for them. Iam a person who they there best with very that I get in to my hands to live of. Need bogey income then what I get to come out of the problem I have.

  • @selimkerim5023
    @selimkerim5023 11 місяців тому +1

    how about too long receipts (like cvc receipts)?

  • @scotthester2189
    @scotthester2189 9 місяців тому +1

    Thanks much appreciated info, too much time logging receipts

  • @AllAboutPurple
    @AllAboutPurple 2 роки тому +2

    @1:25 watch

  • @carlosthomas4139
    @carlosthomas4139 3 роки тому +2

    This looks simple. I have a question about the receipts. What if you buy from the same store will it separate if I bought food and equipment with cash and then food with debit and so on will it do it that way. Sorry for lengthy explanation going into question.

    • @MikeMancini
      @MikeMancini  3 роки тому +1

      Not that I know of... it may... but I haven't tried to do that.

    • @carlosthomas4139
      @carlosthomas4139 3 роки тому

      Thank you very much for replying!

  • @BladesDark
    @BladesDark 2 роки тому +3

    What if your receipts have multiple categories within one receipt. How do you categorized such?

    • @MikeMancini
      @MikeMancini  2 роки тому +1

      I'm not sure if this service can separate them. Sorry I can't help.

  • @eri7-11
    @eri7-11 2 роки тому +2

    A lot of my receipts are in Japan I wonder if it can process receipts in Japanese. Also in Japan they still want paper receipts and kept for seven years

  • @alfredobethune
    @alfredobethune 2 роки тому +1

    Does is synchronize with Quickbooks to move info over to that platform? Not sure how it could read with each other.

  • @VANESSASVANLIFEJOURNEY
    @VANESSASVANLIFEJOURNEY 4 місяці тому +1

    Thank you

  • @CandyHeals
    @CandyHeals 2 роки тому +2

    Doesn’t show up in Google

  • @mattrussell3988
    @mattrussell3988 Рік тому +1

    Mike that is awsome simplifying information!!! What do you do for miles my friend?

  • @saiquality7453
    @saiquality7453 2 роки тому +1

    Is this free app service or paid ?? If this software is paid, shall we claim as part of business maintenance ? Thanks!

    • @MikeMancini
      @MikeMancini  2 роки тому

      It's a paid service. Yes, you can claim it as a business expense.

  • @VirtualChurchMedia
    @VirtualChurchMedia Рік тому +2

    Great info. It appears that Receipt Bank was bought out by a different company and total changed its biz model. Do you have another recommendation for receipt storage?

    • @SherrisWorld
      @SherrisWorld Рік тому +2

      I'm also looking at options. LMK if you've discovered other options! I worry about companies getting bought out or going out of business after I've put all my records there!!!???

    • @anthiafisher2447
      @anthiafisher2447 Рік тому +1

      I can't find Receipt Bank in the App store

  • @AimeeA222
    @AimeeA222 2 роки тому +5

    Hi mike! Do you still use this? Or do you recommend something different now being in 2022?

    • @MikeMancini
      @MikeMancini  2 роки тому +9

      Aimee, I'm now using Wave Accounting. It's a more robust platform that does a lot more than just receipts.

    • @AimeeA222
      @AimeeA222 2 роки тому +3

      @@MikeMancini ok great! thank you for your reply, i will take a look! :)

  • @ElizabethE1267
    @ElizabethE1267 2 роки тому +2

    I'm thinking of using this to manage my rental property expenses. Can the categories be set up for different, say entities?

  • @Ann199040
    @Ann199040 2 роки тому

    what about receipts like grocery or receipt with multiple items, can it extract all those different datas on the receipt? if not, then there is nothing special of this app

  • @KelceyG2019
    @KelceyG2019 Рік тому

    You obviously recommend this over quick books? I don’t know the differences.

  • @jeremywilson5165
    @jeremywilson5165 3 роки тому +1

    Thank You for sharing this! Ive been looking for something like this. its helped alot!

  • @bodiesbymack8496
    @bodiesbymack8496 3 роки тому +2

    For some odd reason I can’t find it in the App Store

  • @buddybell1546
    @buddybell1546 Рік тому

    Duuuuuuuuuuuuude!! Thanks for sharing this! Can’t wait to give it a go!

  • @handy-remodeler
    @handy-remodeler Рік тому

    Thanks for this ...long over due for me to organize My receipts and save time stay blessed

  • @sofaking6423
    @sofaking6423 2 роки тому +1

    Thank you thank you thank you . Just want i was looking for !!!!!

  • @deborahbrannan3923
    @deborahbrannan3923 2 роки тому +1

    I need to track receipts for a rental and for my business. Can this app manage 2 businesses at once?

  • @lseide1322
    @lseide1322 10 місяців тому +1

    Hi great video, this is what I'm after but need a free version as I am only self employed so don't have bags and bags of receipts could you recomend something that will work in the uk thanks.

    • @e.a6851
      @e.a6851 9 місяців тому

      Did you find anything?

    • @lseide1322
      @lseide1322 9 місяців тому

      no not yet@@e.a6851

  • @ttvfatmangames
    @ttvfatmangames 3 роки тому +2

    Great video, can you advise how accurate this will be as one can not make mistakes with bookeeping

    • @MikeMancini
      @MikeMancini  3 роки тому

      You still need to go in and double check it. I will occassionally see an error, but not very often.

  • @soilad1
    @soilad1 3 роки тому +3

    When taking a photo of the receipt does it also fill in the tax amount?

  • @Moist_yet_Crispy
    @Moist_yet_Crispy 2 роки тому +3

    Absolutly massive video. Thanks you!

    • @MikeMancini
      @MikeMancini  2 роки тому

      You're welcome. Thanks for watching.

  • @SunblaKhan-lk6ol
    @SunblaKhan-lk6ol Рік тому +1

    It looks good just a bit complex, I have been using another tool - InvoiceBerry that is much simpler to add your expense to your account and it provides you detail report for all of your expenses at once place.

  • @streetpushtvtheagency6900
    @streetpushtvtheagency6900 Місяць тому

    THANK YOU

  • @karotgold09
    @karotgold09 3 роки тому +2

    Thank you!!!! I thoroughly enjoyed this video

    • @MikeMancini
      @MikeMancini  3 роки тому

      Glad you enjoyed it! You're welcome.

  • @stevenroro
    @stevenroro 3 роки тому +2

    Thank you! Definitely need this!

  • @nguyen1314
    @nguyen1314 2 роки тому +1

    thank you this help alot for me.

  • @garybrown9719
    @garybrown9719 2 роки тому

    That's fine but how would you do this for equipment maintenance

  • @firsthelix6726
    @firsthelix6726 3 роки тому +2

    Thanks for the great video! Two questions: First, does Business Receipts integrate with accounting software? And 2nd, can/do you use this for your personal stuff as well?

    • @MikeMancini
      @MikeMancini  2 роки тому

      Yes and yes. You can do both. Thanks for watching!

  • @tedc6694
    @tedc6694 Рік тому

    Problem- walmart receipt. Some non deductible food, some deductible office supplies, some oil for person car, some oil for business car. What then? Even if business only is seperated, will be some office supplies and some repairs and maintenance

  • @sonya5568
    @sonya5568 4 роки тому +1

    Thanks for sharing. Can’t wait to compare this with/to wave.

  • @GCEGZ
    @GCEGZ 4 роки тому +3

    Hi, good video. Which level of account subscription are you using? Are these features available in the basic Business package?

    • @MikeMancini
      @MikeMancini  4 роки тому

      I'm not sure which level it is. I just know I pay $12/month. Hope it helps.

  • @sunshine885
    @sunshine885 Рік тому +1

    Very helpful. Thank you so much.

  • @southcoast6
    @southcoast6 2 роки тому

    What's the name of the app? Is it only for IPhone? Is it available for Android?

  • @avizliran
    @avizliran Рік тому +1

    Hi Mike. How do I connect it with accounting software like Quickbooks or Zoho or other?

  • @carlhammill5774
    @carlhammill5774 Рік тому +1

    We are interested in offline receipts (without an app). Is there anyone to create this for ourselves?

  • @chosenforhim9534
    @chosenforhim9534 Рік тому

    What version do I choose when I purchase...if I'm just a small business looking to scan receipts..get everything added up correctly and just print it out

  • @marcusmelvin6572
    @marcusmelvin6572 2 роки тому +1

    Great video, much more helpful than some of the others out there

  • @hankkingsley9183
    @hankkingsley9183 3 роки тому +1

    I waited a year to do my org and many of the thermal paper receipts were entirely blank. Another reason to digitize them.

  • @Maccongroup
    @Maccongroup 3 роки тому +3

    QUESTION!! I was watching closely, when you take a picture of a receipt, does it differentiate between the tax (hst Ontario Canada) and the net amount? Audits are often a pain in the a$$ for details like this

    • @MikeMancini
      @MikeMancini  3 роки тому

      Sorry... I' don't know the answer for that.

    • @arlenebahall7639
      @arlenebahall7639 11 місяців тому

      I am also interested in this question

  • @Youlovenianah
    @Youlovenianah 4 роки тому +2

    Extremely HELPFUL !

    • @MikeMancini
      @MikeMancini  3 роки тому

      Thanks. Appreciate you watching.

  • @DelmarBD
    @DelmarBD 3 роки тому +2

    Does this reconcile receipts I scan with credit card statements? How do you handle matching these up? Thank you so much. Im looking for solutions!

  • @danielantonio3572
    @danielantonio3572 Рік тому

    Yep. I have loads of receipts

  • @blinksbill1138
    @blinksbill1138 2 роки тому +1

    Question, if I throw away the original receipt and log it into the receipt bank, will I have any trouble returning that item? Can a store scan the bar code through my phone, or look it up some other way. I don’t have a business, but I would like to implement this kind of program

    • @MikeMancini
      @MikeMancini  2 роки тому

      Sorry... I don't know the answer to your question.

  • @greghillmusic
    @greghillmusic Рік тому

    You're deducting meals? Isn't that something you would do regardless of where you're at or what you're doing?

  • @sharonfontaine7859
    @sharonfontaine7859 3 роки тому +2

    Thank you so much

    • @MikeMancini
      @MikeMancini  3 роки тому

      You're welcome. Thanks for watching!

  • @w.nelson1622
    @w.nelson1622 Рік тому +1

    What is the app called so I can download it please?

  • @channyfer3558
    @channyfer3558 Рік тому

    I couldn’t find the app in the appstore :(

  • @releasethebeastfitness9750
    @releasethebeastfitness9750 3 роки тому +2

    thanks this was super helpful!

  • @StraitD2
    @StraitD2 6 місяців тому

    Finallyyyyyyyyyyyy. Thank you!

  • @marisayanta4802
    @marisayanta4802 2 роки тому +1

    Great information.Thank you!

  • @christinec.7917
    @christinec.7917 Рік тому +1

    Does Receipt bank take up space on your phone?

  • @juliangibbs2294
    @juliangibbs2294 2 роки тому

    Do you have to pay for a subscription to use this app?

  • @tclodfelter8789
    @tclodfelter8789 Рік тому

    How do this handle receipts that fit into more than one category like a receipt from Walmart that has several categories, clothing, food, auto maintenance, etc!?

  • @rabbitofthefuture3234
    @rabbitofthefuture3234 3 роки тому +1

    thanks man

  • @Hulk-mc7bp
    @Hulk-mc7bp Рік тому +1

    Do those receipt pictures get stored in your phone memory (or card) or are they automatically deleted? Even with regular pictures that I supposedly deleted I keep seeing them again.

    • @kurdt1980
      @kurdt1980 Рік тому

      It depends if the phone can position it'self to missionary style

  • @MiscellaneousVariety
    @MiscellaneousVariety 2 роки тому +1

    wow.

  • @stoneyislandranch9783
    @stoneyislandranch9783 7 місяців тому

    Told us everything but pricing..

  • @jvirg
    @jvirg 8 місяців тому

    hope it separates the GST/HST for me other wise I might as well just do it manually like I have been for the last 15 years

  • @kevlinville
    @kevlinville 4 роки тому +2

    This is so helpful.

    • @MikeMancini
      @MikeMancini  4 роки тому

      Thanks so much Kevin. Glad it helped you out.

  • @Marinaemmarose
    @Marinaemmarose 3 роки тому +3

    wow so helpful!

  • @aaronl.1741
    @aaronl.1741 3 роки тому +2

    Is there a way to have the receipts automatically imported/integrated into quickbooks?

    • @MikeMancini
      @MikeMancini  3 роки тому

      Sorry... I'm not sure.

    • @aj07257
      @aj07257 3 роки тому

      Yes. It's with their app Quickbooks self-employed but it costs like 7-10 dollars per month.

  • @PiinkJessE
    @PiinkJessE 3 роки тому +1

    Thank you !!!!!

    • @MikeMancini
      @MikeMancini  2 роки тому

      No problem. Glad it was a solution for you.

  • @SunMaximus
    @SunMaximus Рік тому

    Can you do a video on how to do this in evernote?

  • @DivineMisterAdVentures
    @DivineMisterAdVentures 3 роки тому

    ONE THING - you didn't mention that I would be all agaw to hear? DO YOU THROW OUT THE RECEIPTS?

    • @MikeMancini
      @MikeMancini  3 роки тому +1

      I usually just put them in a box/file folder and hold on to them as well. You can never be too safe.

    • @DivineMisterAdVentures
      @DivineMisterAdVentures 3 роки тому

      @@MikeMancini I just think we can't trust that digital stuff to last very long. I bought 100 year blueray or DVD to store vital stuff on. Assuming there'll be a drive left when the planet is deluged by Greta-tears.

  • @sheilawarner8390
    @sheilawarner8390 Рік тому

    Hello, I am currently looking for an app as this one.. I use a MacBook, along with the apple iPhone. Is this compatible? Thank you!

  • @juliantambwe8551
    @juliantambwe8551 Рік тому

    Very informative, thanks

  • @GiveyourselfAraise
    @GiveyourselfAraise 2 роки тому +1

    Can you make separate folders for different businesses or rental properties?

  • @verjikm
    @verjikm 3 роки тому +3

    Great info! Will you please teach us how to make a spreadsheet for accountant. Thank you!

    • @MikeMancini
      @MikeMancini  3 роки тому

      Sorry. I just have one that I built and use in my business. Thanks for watching.

  • @reedinsurancelr
    @reedinsurancelr Рік тому

    Can we select the categories a drop down menu or click a box or do we have to type and create the category ourselves.

    • @thepropertyflipper
      @thepropertyflipper Рік тому

      There are some prepopulated and you can add categories yourself

  • @chasitybrinson1240
    @chasitybrinson1240 Рік тому

    Hello. My husband has a small business. Can him & employees use this app

  • @scotthester2189
    @scotthester2189 Рік тому

    Great info thanks

  • @jdplaysmusic
    @jdplaysmusic 2 роки тому +1

    GAME. CHANGER. Thank you so much for this!!

  • @africanwarlord.23
    @africanwarlord.23 4 роки тому +2

    awesome video brotha.

    • @MikeMancini
      @MikeMancini  4 роки тому

      Appreciate it. Thanks for watching.

  • @gerraldsamraj
    @gerraldsamraj Рік тому

    Nice guitar

  • @most5795
    @most5795 Рік тому

    can you white label their service?