expensemagic

ExpenseMagic: Accountancy takes to the cloud

Self-employed? Run a small business? Or do you just have to track purchases for your job? If you’re generally frustrated by keeping track of your expenses, fret not, as there’s an app for that: ExpenseMagic.

Using the iPhone’s camera (or the iPad and iPod Touch), you take a picture of your expense receipts, which then transfer to ExpenseMagic’s servers in the cloud.

expensemagic

Once your photos are successfully stored in the app, you can then type-up your expenses yourself, or let ExpenseMagic’s team of trained bookmakers to do it for you.

It’s £2.99 for 20 transcriptions, so it’ll be worth it if your expenses are over about a tenner each, and if you wouldn’t bother otherwise.

A dashboard gives you an overview of what you’ve spent, claimed or had reimbursed, while a diary function lets you pin expenditure to events to remind you of what and when you spent money.

As the expenses are all stored online on ExpenseMagic’s servers, you’ll be able to access them from anywhere in the world – and add to them.

It spices things up by using the device’s GPS location to track what country you’re in to automatically choose the currency and convert it back to your own.

Once you’re done adding expenses, the app can export them into a spreadsheet format – either on the phone on via an internet interface.

To make claiming expenses even easier, you can set ExpenseMagic’s “Autoclaim” feature to send your expense claim automatically to your employer on your chosen day of the month.

This edition 2.1.1 – comes with a brand new reporting feature, allowing you to view expense trends easily with graphical reports. You can also use the filters in the app to search through expenses by date, currency, status, expense type, upload type and so on.

Since launch, the app reached number three in the iTunes Finance Apps category, topping 1,000 downloads a day. Check it out.