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I am currently building a receipt scanner or expenses scanner to categorize expenses using AI technology. Imaging having your receipts in one place and categorization is automated, ready to be sent out to your accountant for tax purposes? This can be used by small businesses, personal or even students.
I'm curious: What's the biggest pain point you face when managing your expenses? Would you find a tool that simplifies tax preparation and categorizes items for your accountant helpful? What are the most frustrating aspects of managing receipts? What features would you like to have in a expense categorization tool?
Top Comments
I think you should start with stating what is the market you are after. Every country is different. Where I live a lot of the receipts is already electronic and taxes are mostly filed by an employer. Banks also provide breakdown of spent categories. That is not to say there is nothing there to improve but just pointing the obvious that every market is different.
If you do expense categorization using a bank statement (instead of receipts) you can sell this to attorneys to use in their family law cases.
Hello! Yes bank statements, checking transactions are also on my features. Thank you I never thought about selling these to attorneys.
B2B will be much more profitable than consumer for this app you are proposing. If you build it, let me know so our law firm can use it.
Awesome!! I will definitely build and let you know :)
