Financial Site: Shoeboxed.com

Last week I was interviewed by Ryan at Outright.com about how I was using their spectacular site. I told him that I was so impressed how easy Outright was to use, and how a non-financial person like me could even understand it.

Ryan asked if there were any features that I'd like to see and I commented that I would like to be able to scan my receipts (ala Neat Receipts) and have those receipts auto-imported into Outright.

"Have you tried our partner site, Shoeboxed? With Shoeboxed, you can do just that; scan your receipts and have them imported directly into Outright."  I was beyond stoked.

Last night I registered an account with Shoeboxed, scanned some receipts and started playing around. With the free account, Shoeboxed does not auto-scan and OCR your receipts; you still have to manually import the data from the receipt into Showboxed. However, one thing I DO like about this is that the format to input the data is more like a form and less like a traditional ledger. For me, that makes it much easier to see and understand.

The instructions on how to sync Shoeboxed and Outright were a little confusing; the link was a little hidden. I had to take several trips to the "help" screens to figure it out. However, once I got it configured, magic happened.

All of my receipts were then synced with Outright's site, all of the details were ported over, and best of all, there was a link to see the original scan of the receipt. Way. Freakin. Cool.

To be fair to Shoeboxed, there is a service that ranges from $10-$50 a month that allows you to mail in your receipts. Shoeboxed with scan your receipts and I believe they will attempt to populate all of the fields including date, store, amounts, and even the credit card used for purchase. I'm not sure that I generate enough receipts yet, but I can see that being a valuable upgrade.

Final report? Shoeboxed is awesome. Marry it to Outright, and you have some downright spectacular tools. This is going to make tax time next year so much easier.