Deductr

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Deductr

The Good The Bad The Bottom Line Tax Deductions

Deductr's core purpose is to help its customers maximize their tax deductions and keep more of what they make.

The Good

  • Many features
  • Upload items

Many Features

As the brand name suggests, Deductr is dedicated to helping small businesses take advantage of as many tax deductions as possible. Deductr's tax deduction software does this in a few different ways:

  • Income/Expense Tracking: Automatically upload all of your business income and expenses by connecting directly to the bank or credit card of your choice
  • Mileage Tracking: Track your travel expenses through GPS-enable software that logs every mile you travel
  • Time Tracking: Time is money! Account for the time you dedicate to your business and avoid a costly audit
  • Custom Reports: Tailor Deductr's interface to fit your company's specific needs
  • Mobile App: Optimized for iOS and Android devices
  • Security: Keep your financial data secure with Deductr Pro's 256-bit SSL (bank-level) encryption
  • Support: Become a tax expert through tutorials, free webinars, a community-driven FAQs page, live chat, and advice from experts

Upload Items

Deductr allows you to upload photos of your receipts and invoices and catalog them to your Deductr account. You can purchase Deductr's services for a monthly rate of $19.95 or an annual rate of $199.00. This is great for mid-sized or larger small businesses looking to save on quality expense tracking software, and the annual rate actually ends up being even less expensive in the long run.

The Bad

  • Flat-rate system limitations
  • Help page

Flat-Rate System Limitations

One limitation of using a flat-rate system is the fact that smaller companies with fewer employees (and possibly less revenue) are charged the same price as their larger counterparts. More well-known expense tracking companies like QuickBooks and FreshBooks offer various pricing packages that cater to the size and needs of any company.

Help Page

Deductr's website lacks a functional help page, which can make finding information about the company and its policies somewhat difficult. Consequently, we were not able to learn whether Deductr supports multiple currencies, or if any kind of refund policy is in place for customers who buy the annual-rate package.

The Bottom Line

All relevant things considered, Deductrs does what it says it will do: help small businesses stay on top of their expense management strategy. And save for some functionality issues on the site, and a lack of clarity with their customer support, it is a competent and trustworthy tool if you're looking to capitalize on tax deductions.

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