bestcompany expense tracking companiestbc bestcompany expense trackingthe best expense tracking companies tbc

Shoeboxed Inc. offers a unique and comprehensive solution to the seemingly endless amounts of financial paperwork that businesses need to account for every month. This company processes receipts, business cards, expense reports and other paper documents into a digital format that can be automatically archived on a secure cloud-based server. Users can keep track of their expenses through Shoeboxed’s mobile apps for Android and iOS devices. Additionally, users can upload images of business cards to create a searchable contacts list online.

Rank Chart
Price
Receipt Scan?
Our Score
#1
$5.00 - $9.00
Yes
7.4
#2
$5/user
Yes
7.1
#3
$0 - $83.25
Yes
6.7

The Good

Shoeboxed’s major competitive advantage is its data-processing workforce that quickly transforms mountains of paperwork into a clean, organized data sheet. Users can upload photos of or send prepaid envelopes containing receipts and other important expense management documents to Shoeboxed, and within days Shoeboxed will transfer this data into a digital format.

This expense tracking software is GPS-enabled (on mobile) for travel expenses, and integrates smoothly with other commonly used applications like ScanSnap, QuickBooks, and EverNote. All data sent to Shoeboxed (whether by mail or by mobile upload) is digitized, then protected with 256-bit SSL (bank-level) security encryption. Once the data is translated, it is verified by an actual Shoeboxed employee before it is uploaded to your account. This is to ensure a high level of accuracy with regard to your expense tracking management.

As Shoeboxed is a cloud-based system, users can send expense reports and upload images at any time, and from anywhere – including other countries. Shoeboxed is used in 100 countries throughout the world, and supports the major currencies of each country it serves. It offers a free monthly package that allows the upload of up to five documents each month, as well as several other competitive pricing options.

The Bad

Because Shoeboxed has positioned itself as a streamlined alternative to hanging onto and categorizing your receipts, some features common to most other expense tracking softwares has gone by the wayside. Shoeboxed does not integrate with your bank account or credit cards, which means that users will have to wait at least a day or two – or however long it takes Shoeboxed’s support team to process the data – before they can receive updates on their expense accounts.

As is expected with any human-driven service, Shoeboxed has been known to get it wrong on occasions. And while these mistakes do not seem to be with the accuracy of their reporting, some customers have complained about Shoeboxed’s billing and collection policy, claiming unauthorized withdrawals from their bank accounts. Furthermore, some of Shoeboxed’s pricing options can be rather expensive, possibly as a way to cover the overhead associated with have a human workforce in place of an automated system.

The Bottom Line

Overall, if you’re looking for an efficient way to keep track of your receipts (and keep track of your receipts ONLY) you won’t find much better than Shoeboxed; however, if you want it to do anything else, like sync with your bank accounts, this service might not be for you. And while the free package is ideal for people or businesses with few monthly transactions, be prepared to wait, and subscribers of the free package are listed as “low priority.”

Shoeboxed offers a number of pricing packages to fit the needs of a wide variety of businesses:

DIY (Free)

  • Up to 5 document uploads per month
  • Accepts digital submissions only
  • Low-priority processing
  • Single-user

It should be noted that all of Shoeboxed paid options, though set at a monthly rate, are billed annually. Of course, every option is gilded with a risk-free trial.

Lite ($8.25/month)

  • Up to 50 document uploads per month
  • Accepts digital and mailed submissions (user-paid postage)
  • 3-5 day turnaround for mailed documents
  • Single-user

Classic ($24.92)

  • Up to 150 document uploads per month
  • Accepts digital submissions, and sends users prepaid Magic Envelopes™
  • 2-3 day turnaround for mailed documents
  • For up to 2 users
  • Mailed documents are returned
  • QuickBooks integration

Business ($41.58)

  • Up to 500 document uploads per month
  • Accepts digital submissions, and sends users prepaid Magic Envelopes™
  • 1-2 day turnaround for mailed documents
  • For up to 3 users
  • Mailed documents are returned
  • QuickBooks integration

Executive ($83.25)

  • Up to 1000 documents uploads per month
  • Accepts digital submissions, and sends users prepaid Magic Envelopes™
  • 1-day turnaround for mailed documents
  • For up to 10 users
  • Mailed documents are returned
  • QuickBooks integration

Are there any inaccuracies in this review? We take our accuracy very seriously and would love your feedback. Give feedback here.

X close
X close

No Shoeboxed Reviews

1. Select Your Rating:

0=WORST 10=BEST

2. Subject For This Review*(Select all that apply)

0 characters

3. Review Validation*

or

There are currently no reviews .