With all that is on the plates of small business owners and entrepreneurs, sometimes things get lost in the shuffle. However, a new web service and application is lending business owners a helping hand, at least when it comes to keeping track of expenses.
That service, ReceiptMatch, from American Express, works in conjunction with any Android or iPhone smartphone and allows small business owners to keep track of business related expenses simply by taking a picture of any receipt. Users can also forward a receipt in and email or upload receipts from a computer and the service will match the receipt to the item on their American Express credit card bill.
Once the receipt is itemized, the app will then check that the receipt matches the businesses' online American Express statement. The service allows business owners to stay organized in what they spend and keep track of expenses on the go and is available to business card members of American Express.
"Our small business customers rely on their OPEN Business Cards for a greater portion of their business expenses and want a card that seamlessly integrates into their business operations," said Doug Tabish, vice president of American Express OPEN Small Business Charge Cards. "ReceiptMatch offers concise back-office support and is the only expense management solution that gives business owners the ability to match each expense to their OPEN Business Card statement."