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Portable Scanning for Receipts, Business Cards

Boot Camp feature for Monday, November 7, 2005

Taking those lumps…out of your wallet and pockets. Bloomberg Boot Camp, a report on today's technology. Maybe they wind up on the dresser…or in a shoebox. Chances are you've got receipts of all kinds crammed into your wallet…..and a collection of business cards in desk drawers and shirt pockets. A company called NeatReceipts….has updated its portable scanner to include software that lets you store not only digital copies of receipts, but business cards as well. Chief operating officer Rafi Spero…

"We started off doing receipts and what we learned is that people wanted to do business cards, paper documents, invoices, etcetera. They wanted a paper free life. So we expanded upon the receipts and we built different modules in order to meet what customers wanted in order to get a paper free life."

The sheet fed scanner…that you can take with you in a brief case…is powered through a USB port. On the receipt end….the software can automatically categorize expenses…and can export to Microsoft's Excel, Money, Quicken or QuickBooks. On the business card side….you can link to Microsoft's Outlook or use the vCard format for other programs. You can scan photos as well…although the resolution is not as good as what you'd find in a flatbed scanner designed for that. Spero says there is more to come…

"Actually in the next two months, we're coming out with a tax manager which will automatically allocate the taxes to the appropriate federal tax schedules for you. So you can use NeatReceipts throughout the year. End of the year you're going to run a simple report and it tells you your charitable deductions, your stock dividends, etcetera, automatically, just by keeping a record of it in NeatReceipts."

The price, about 200 dollars. You can find more information at NeatReceipts.com. Bloomberg Boot Camp, I'm Fred Fishkin.