As an entrepreneur-in-the making, you may already be familiar with the long list of tasks you’ll need to complete in order to take the final plunge into entrepreneurship. From choosing a business structure and location to investing in the right types of office essentials for your entrepreneurial goals, there’s a whole lot to think about when taking the leap into business ownership — and you’ll likely have some questions and concerns along the way. In the sections below, Foreceipt shares four quick tips to take some of the guesswork out of delving into entrepreneurship for the first time. Re ..read more

Lessons & Advice From a Did you know that many business owners risk throwing away their money in tax season? Many self-employed individuals either don’t track their receipts or leave them disorganized, which results in potentially paying additional tax as they may not have the documentation required to support their expenses. If you’re not keeping sufficient documentation of your expenses, then tax season will become a nightmare. Running through a pile of receipts at the 11th hour to figure out your expenses is a recipe for disaster. This article will help you avoid the laborious work a ..read more

Foreceipt is constantly innovating the way we approach managing finances and scanning receipts. With our newest Team Collaboration features, we’ve expanded what you can do with our service while making your team more united than ever before. Keeping your team more productive than ever before while saving money will have you starting the new year with your best foot forward. One account for one company. Never lose track of your team’s expenses with our one account, one team approach in Team Collaboration. Whether you’re inviting your personal bookkeeper, assistant, or accountant, Foreceipt ..read more

August 19, 2020 Going paperless, broadly speaking, means exchanging and archiving information digitally rather than using letters, invoices pages on print. For example, retail chains with physical storefronts, such as the Apple Store, Staples, and Shoppers Drug Mart will email your receipt instead of printing it out for you at the point-of-sale. This is handy for a couple of reasons: filing things on your computer saves time and space, you don’t have to worry about losing a little slip of paper, and no trees or ink are wasted in the process. For the business, they save on print costs, boo ..read more

August 17, 2020 Limited by their staff size, small business owners and employees often find themselves juggling a variety of duties, burdened by a litany of daily tasks. As a result, their daily schedules are packed to the gills, which would take them a high level of time management and multitasking ability to even perform adequately.   While not all of us are naturally gifted at achieving what we call “productivity nirvana”, we can still do so with the help of technology – effective apps & services out there that will literally become an extension of our working selves. We think thes ..read more

July 20, 2020 If you run your own business, you have so many things to take care of. There is never enough time in the world to finish them all! The last thing you want is to scramble before the tax filing deadline because you found out that you have so many expenses to track, and they are all paper receipts – 4 boxes of them!  You accountant asked for a excel sheet with all your business expenses organized by category with tax details. Doing that manually will take days, and you might not even have excel installed in your computer.  Do you panic? Or feel terrible about yourself?&nbs ..read more

July 27, 2020 Filing for tax is one of the more critical tasks for small business owners and self-employed workers. The main final output for tax return is to prepare expense reports, which can be automatically generated in Foreceipt’s web portal. Since there is an instant sync between mobile app and web portal, don’t worry about the information updating process. Learn how to create the expense report as follows!   Step 1 Locate your receipt box  Step 2 Download the Foreceipt app  Foreceipt is a useful app that is designed to help small businesses and self-employed workers ..read more

Paperless receipts, especially , have become increasingly popular among business that are environmentally conscious. There are many benefits of using digital receipts, including increase productivity, remove paper receipts, easy to search and easy to store etc.  Digital receipts are normally sent via e-mail or via an app. Unlike paper receipts, e-receipts are used to reduce paper usage. The e-receipt helps to connect customers to their in-store purchases. Merchants can issue E-receipts using own mechanisms or use external services spe ..read more