Leverage the power of Receipt Bank for your Schedule C clients with our new feature, Self Employed!
Self Employed will record your tax clients’ expenses, read the data and categorize it for Schedule C, providing year-round value for your clients and your firm.
1. MAKE IT EASY FOR YOUR CLIENTS TO RECORD EXPENSES ON THE GO
Give your Schedule C tax clients an easy way to stay on top of their expenses and easily submit receipts digitally throughout the year. As your clients receive receipts and invoices, they can take photos of them on the go with the Receipt Bank app.
This means no more lost paperwork, no more sorting through shoe-boxes of receipts, and no more chasing your clients for documents. You receive the documents instantly and securely.
2. ELIMINATE MANUAL DATA ENTRY
When your clients upload receipts into Receipt Bank, data is recognized and categorized according to IRS Schedule C categories. What’s more, it will learn about your clients’ preferences for categorization the more you use it.
So, if the occasional late-night pizza order falls under a fully deductible meal expense, but a coffee round from the local cafe counts as a 50% deductible expense, Receipt Bank will learn this and improve its auto-categorization for your clients.
3. OFFER REAL-TIME BOOKKEEPING THROUGHOUT THE YEAR
Instead of talking to your client once a year with the sole purpose of chasing documents, Self-Employed makes it easier to give clients real-time bookkeeping throughout the year. By encouraging your clients to submit on the go rather than once a year, you open up opportunities to add additional value and insights about their business
With Receipt Bank, your clients can download an automated expense summary at any time of the year to give them full visibility of their finances.