Product Review: Neat Receipts

I admit it, I have a new love in my life. When I went to the NAPO Conference in Reno last month, I had one place in the expo that was a sure bet for me: Neat Receipts.

Neat Receipts is a document scanner. It is so portable, kinda like the size of a long burrito (it will fit in a laptop bag). The description from their website:

“Organize life’s paper trail with NEAT Receipts.

From receipts and expense reports to business documents and business cards, you can now manage your paperwork with ease. You can keep organized, digital files in a database on your PC. Simply send documents through the scanner and our software will automatically handle the rest, ensuring you have ideal image scans.

NEAT Receipts will even read and manage information scanned from receipts including vendor purchases, allowing you to keep track of your expenses.”

If you’ve never heard of this product before, you’re in for a treat! Here’s my experience.

The Delivery & Install

Mine arrived at my door, and I felt like a 5 year old on Christmas morning. Too bad my week was a little out of control, so it sat in my office for five excruciating days before I pulled it out of the box. Once I did, I was pleasantly greeted with a slogan on the side of the box encouraging customers to recycle (*happy dance*).

The packaging was, uh, neatly arranged and it was very simple to get out. Neat Receipts comes with a Quick Start Guide that makes it a snap to get things going. I popped in the installation CD, and was advised that there was a new version of the software. It took about 25 minutes to download (I have DSL). I was then prompted to plug in the scanner and set things up. All of this unpacking and installation took about 40 minutes total, with about 5 minutes of active time from me (the rest was allowing for the download time).

Using Neat Receipts

After installation, I was ready to rock and roll. I decided to hit it hard with one business card after another. Neat Receipts handled them like a dream. I checked each one quickly for accuracy, and a few things needed a little tweaking but overall it was really pretty accurate. Some more “artsy” cards were a bit of a challenge to read for the software, but honestly I had one that was a little challenging for me to read.

Scanning each document was very simple, just put it in the front face down, press “Scan”. The software stores an image of the card, both front and back (you have to scan them separately, which just takes a few seconds). That way, I don’t have to have a hard copy clogging up my desktop and filing cabinet (Yippee!). Less paper to manage, more time for me. This feature is also great for visual people. (I like to look at cards for various reasons, so this was a bonus for me too.)

So Many Options

There are so many ways to use Neat Receipts, and I am just figuring it all out. I know I’m going to have fun with all the things it can do! Here’s a few:

• business cards
• receipts (for bookkeeping, taxes, expense tracking, etc.)
• documents
• articles & resources you want/need to keep
• tax forms
• your idea here _____________________

Neat Receipts might be for you if:

• You have mountains of business cards you aren’t sure what to do with
• You carry a ball of receipts in your pocket
• You hate data entry and procrastinate doing “bookwork”
• You want a solution to will help you downsize your paper
• You want a simple, easy solution for around $200

Where To Get It

Neat Receipts has two versions, PC and the new MAC version. Check them out here:

NEAT Receipts for PC

Neat Receipts for MAC

Visit the Neat Receipts Website

Overall rating (1-5): 5

*Update: Check out the video of the Neat Receipts MAC version HERE. I love the design!

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Additional Resources:

IRS Publication 583: Starting a Business And Keeping Records (pdf)

*Disclosure:  I own a Neat Receipts scanner, which I paid for.  I was not compensated or paid to write this review.