To determine the best receipt scanning apps for small businesses, Forbes Advisor researched the providers in the space and narrowed it down to the top 11 providers. We analyzed them in five primary categories for a total of 24 different metrics. The criteria are then weighted in favor of the features most important to small businesses. The best apps had the best overall scores based on our methodology.
The following methodology was used to determine the best account scanning app:
Prices and plans – 10%
The app’s pricing model and subscription options were evaluated to assess affordability and value for money. This includes the monthly price, as well as minimum user requirements, contract duration, free trials and money-back guarantees.
Key characteristics – 30%
The application was evaluated based on the presence and quality of essential features such as OCR accuracy, account categorization, integration with other financial management tools, and ease of use. The key features are analyzed below.
- Mobile application
- OCR
- Scanning with a smartphone camera
- Document management
- Cloud storage
- Invoicing
- Payment of bills
Unique characteristics – 20%
In addition to the basic set of features and the overall functionality of the application, we also evaluated the inclusion of additional features. This category includes the availability of software integrations, compliance, corporate card features, and reporting and analytics.
Third-party ratings and reviews – 10%
To get a good understanding of how users typically find apps, we looked at a number of third-party ratings and user reviews. We looked at both the average rating and the number of views each app had to ensure that the sample size was large enough to draw meaningful conclusions.
Expert rating – 30%
Finally, we’ve added our own first-hand experience and expertise with these apps. This allows us to add qualitative metrics, such as ease of use, overall experience, quality of support, value for money and popularity.