Shoeboxed is a great App for Realtors and is available on both the Android and iOS platforms. As a Realtor, we're running ourselves ragged being pulled in multiple directions every day. And...we tend to be a bit on the disorganized side, right?
Shoeboxed helps us get our financial picture cleared up. As independent contractors, we need to save receipts for our accountants for tax preparation. And there are tons of missed opportunities because we fail to keep our receipts. When you get a receipt for a business expense that you can write off, you simply take a picture of it with your smartphone. Shoeboxed will ask you to write a memo -- "Dinner with Mr. and Mrs Jones" or "Supplies for First Time Homebuyer Seminar". They do all the rest.
Shoeboxed takes the uploaded photo and reads it. About an hour after you send the photo of the receipt to Shoeboxed, you will receive a confirmation email. Shoeboxed reads the receipt and determines the date of the transaction, the vendor name, the total spent, and the category. See below my screenshot from the past few weeks. You see, the days of chasing down receipts for your accountant are over!! You can export the spreadsheet with images of all of your receipts and forward the exported file to your accountant periodically.
So, how much does this App for Realtors cost? Shoeboxed is free -- for up to five receipts per month. If you need more data processed, you can by the lite version for $9.99/month or the classic version for $29.95/month. Lite gives you processing for 50 documents and classic...150. Some of the more expensive levels of service also allow for mailed in receipts (if you're doing a higher volume) and Quickbooks integration! Through the website, Shoeboxed.com, you can also process business cards for entry into a database.
Please contact me for more tips about running your real estate business in St. Louis efficiently. I can be reached at 314.677.6356, by email, or on my website. For more information about Shoeboxed, this week's best app for Realtors, visit the Shoeboxed website.