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What are receipt scanning apps and how can you use them?

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Receipt-scanning apps capture and store receipts from purchases in an accessible digital format.

The technology behind these apps is optical character recognition (OCR), which converts images of text into machine-readable text.

Expensify integrates with over 45 types of accounting software and tools like QuickBooks , NetSuite and Gusto .

Some apps offer cash back on big-ticket items like flights, hotel stays, car rentals and vacation packages.

Using a receipt-scanning app is a strategic way to organize your finances, eliminate the need to hold onto paper receipts.

These apps are useful for business and personal budgeting and financial needs.