Developer: Wave Accounting Inc.
Price: Free
Version: 1.2
App Reviewed on: iPhone 4S

iPhone Integration Rating: ★★★★☆
User Interface Rating: ★★★★½
Re-use Value Rating: ★★★★½

Overall Rating: ★★★★½

receipts 4I’m the queen of throwing receipts in the trash. When it is time for taxes, returning items or keeping a budget, I feel like pulling my hair out because the receipts that I do have are quite unorganized. Thankfully, there are many apps to help with this problem. In particular, a new free app known as Receipts by Wave is gaining in popularity.

Receipts by Wave is target toward small businesses, but it’s also useful for anyone. To get started, users will either need to sign up for an account or sign in via Google or Yahoo! accounts. Adding a receipt is as simple as tapping the plus button at the bottom of the receipt list screen. Receipts can either by pulled from photos or taken with the camera. Users can also upload receipts directly into the Wave web app via the website. Unfortunately, the email feature is not available yet but it is coming soon.

receipts 5It’s essential to have proper light and focus to ensure that the Optical Character Recognition (OCR) technology works well. Once a receipt is captured, it needs processing. The processed receipt can then be changed manually if any information looks incorrect. Filters can then be applied to receipts to organize them. While the wait wasn’t long, I still had to go back and edit a few fields after my receipt was scanned. It was a little time consuming, but the smooth interface made the process rather easy. However, the ability to manually enter a receipt would be a great feature to add.

All the receipt information is used to create an accounting record and it is organized with other transactions. The original receipt image is stored, so users can pull it up at any time.

If privacy and security are a concern, the app promises that it is safe and secure. It also comes with a passcode option so users can feel safe that their information is protected just in case someone happens to try to view their information.

The best part is that it’s completely free. It even comes with free email support for those who have any problems. Additionally, Receipts by Wave is designed to integrate well with Wave’s other apps. Since it’s completely free, well-designed and fast, downloading this small business app is a no brainer.

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