HOW NUMRECEIPT CAN MAKE YOUR BUSINESS MORE EFFICIENT

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Up until this point, we have focused primarily on how NumReceipt can help individuals and families with expense management.  But did you know NumReceipt offers great value for businesses, too? The app can be used as a Concur alternative - with a much lower price tag.  Today's post reviews the features employees and managers can use to simplify expense tracking and reporting.

NumReceipt makes it easy to track the expenses incurred during a specific trip or throughout the normal course of business.  Instead of collecting paper receipts. bringing them back to the office, and manually entering each expense into a spreadsheet, employees can scan and upload receipts within seconds using the OCR feature and then forget about them.  Users may also find it useful to scan business cards during conferences, where they're likely to meet many new contacts. At the end of each trip' travellers can use NumReceipt's online expense reporting instead of spending valuable time creating reports from scratch.

In addition to receipt organisation, employees and business owners can use the Business Miles feature to easily track distance driven with a built-in GPS and reimbursement calculator.  The user enters odometer information' and NumReceipt does the rest!.

NumReceipt's tools for business are wide-ranging, and this post only scratches the surface.  Your available options include robust profit and loss reporting, multiple currency support, QuickBooks integration, and more.  Please review a summary of the options for personal and small business below, and do not hesitate to contact sales@numreceipt.com to learn more.

PERSONAL / SELF-EMPLOYED

SMALL BUSINESS




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NUMRECEIPT – TAX BUDDY

ARE YOU READY FOR THE BUDDY CHALLENGE?

Hello everyone,

My name is NumReceipt - your TAX BUDDY - to be by your side and remind you of all your receipts that can be produced for a tax refund.When you really do not know where to start, taking help from a friend is always a good beginning.I am sure you are curious to know about my challenge. Well, be my buddy and never lose another receipt for years to come!

Wondering How NumReceipt-Tax Buddy can help you?

We have all been there. None of us can deny that we have never procrastinated a daunting task that needs to be accomplished eventually. The closer we get to the deadline, the tension mounts and we start to feel the pressure. Here are ways NumReceipt- Tax Buddy can help you as the 15th of March is slowly approaching!


• Categorize your receipts

• Manage multiple business in a single account.

• Breakout the individual purchases in the receipts to different categories.

• You can even track your business miles.

It’s time again – to get over that ‘Catch-22’ situation! Let’s do it together!


“I truly empathise with you!” - NumReceipt

With the deadline to file taxes slowly approaching, you leave no stone unturned and scrutinise every excel file, records, emails and desks of your office cabin to collect all those receipts from inventory, value of assets, advertising expenses, customer relationship costs that includes taking your client for lunch, educational expenses, transport and travel expenses on your business-related trips, charitable contributions, rent receipts of your business establishments, and any other expenditure that might help you improve your chances of getting a refund.It is obviously a herculean task to keep track of every penny spent throughout the year. We always have sound advice from experts who encourage and motivate us to make it a habit to save receipts and organise them for easy access in the future. Unfortunately, the diligence with which a plan was chalked out to retain every receipt would have certainly lost its course of adherence - much like most of New Year's resolution to work out every day or give up spending time on social media/TV.

According to the IRS , good records can increase the likelihood of business success, prepare tax return and support items reported on your tax returns.

What can you do?

To save more of your hard-earned money, download your tax-buddy (NumReceipt app), a user-friendly app at your disposal to keep your personal as well as business receipts, collecting all the relevant data and assessing your annual spending accurately, generating reports as per your needs.Instead of searching and ransacking every nook and corner, a digital space to organise and save your data for years to come is just a click away.


Chat with me or mail me support@numreceipt.com to get solutions to manage and control your expenses as well as organise your receipts – to instantly retrieve it.



After all, the last thing you want is to receive penalty notices, so the first baby-step you ought to take is to hold on to my hand (download me - NumReceipt) and give me a brisk handshake! – And we shall work together. All I want from you is less than 60 seconds every day. Just keep me updated with your receipts and forget about them. – The rest is my duty dear friend, from tracking your expenses to saving your receipts!


Use NumReceipt (Tax Buddy)  today and Look forward to the 15th of March forever!




METHODS OF MEASURING BUSINESS SUCCESS

When you start a business, there is always a result you are looking for, a result that can bring success and empowerment, isn't it? Well, success comes after a detailed approach to business strategy and planning. As an investor in a business, whether it's a small business or a well-established firm, you are only looking for a success that never ends.

What is a business plan?

Creating a business strategy is a method of collecting and planning useful information and it is the key for every business to become a money spinner.


A business always wants desired growth and positive results. Making a workable business plan depends on many important factors. The below mentioned metrics help in business evaluation and keep you updated with the progress in your growth.

BEP - Start calculating the break-even point for your business. This can help in evaluating total spend vs total revenue earned.

Sales Metrics - This will help in measuring overall company's sales performance and customer reach

Leads Conversion – Lead generation will help in calculating company's growth and profit

Profit Ratio - This will help in calculating the total income generated

Customer Ratio - This is an important metric that every business needs to know. Customer ratio creates a visibility for your brand and helps in improving your reputation

Employee Metrics - Employees are the pillars of an organization. Employee satisfaction is directly proportional to business success

Growth - A business is said to grow, only when it has a control over its finances. Keeping finances under control plays a very important role in determining business aspirations.

Why is expense tracking important for a business?

A business that doesn't track expenses full well, will never see a continued growth, says statistics. Having said that, keeping a tab on your business expenses is not a simple task.

Tracking every business expense is the crucial part of a business. When this is done right, everything will fall into place. The best and the simplest way to do this is to try an expense tracker app like NumReceipt.

NumReceipt is an expense tracking app designed to manage your business expenses easily by storing all your receipts in one place. NumReceipt plays a major role in supporting a business and helping to achieve the desired goal.

Best apps can make best business, having extra-ordinary evaluations and reports around your business can lead to incomparable results than the competitors.

Visit https://www.numreceipt.com/numr/open/loginUI#MobileApp to install the app!





The art of retailing in the USA – From Sales Promotions to Savings

According to researchers, shopping is said to relieve stress and have a positive effect on a human body. Today’s generation of young people is addicted to shopping because they can feel, touch and experience their favourite products when they buy directly. Retail stores in the USA not only advertise their best discounts on products through marketing, they also create a pleasant atmosphere for the shoppers to spend time with their family & friends.


Online shopping makes up only 8-9 % of retail in the U.S., while brick-and-mortar holds at 91 % because purchasing a pair of shoes online isn’t just the same as carrying the shoes in your bag.

Leading retail stores like Wal-Mart, Walgreens, Costco, Kroger, etc. empower customers with more ways to save money. They provide gifts, discounts & daily offer to enhance the shopping experience and make it even simpler and more convenient for the customers. This way retailers are able to understand their customers well and keep a tab on which product sells more and why.

Spending & Saving:

Customers save money on the products that they purchase on discounts. These profitable offers have a direct impact on customer's overall shopping experience, making them come back for more and turns them into a regular customer.

Retailers offer discounts and gift cards to demonstrate how they can take that to the next level by operating more efficiently and remove product’s cost from the system to give customers even more ways to save.

How to track your spending?


When you are not paying the full price for a product you buy, what else can matter the most? Discount shopping can make you happier but it all starts with a calculation, isn’t it? When you use coupons and discounts for shopping, it is necessary to track your savings and expenses by recording the receipts for each item you have purchased. Tracking your expenses can be very useful in calculating your budget and when it is done the right way, it brings added benefit.

Expense Tracking Made Easy with NumReceipt:

Manually checking receipts to calculate your overall spend is a tough row to hoe. NumReceipt helps you with the process of managing your expenses effortlessly. NumReceipt is an app designed to store your personal or business receipts and track your daily expenses.

Visit our website www.numreceipt.com to know more about our app.





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