Free online accounting software maker Wave has added a receipt-scanning tool with companion mobile apps to their suite of small business offerings.

Receipts by Wave, which is available as an iPhone app or online, allows users to snap a photo of a receipt with a mobile device, upload a receipt from a computer or forward an emailed receipt. Using Optical Character Recognition, information is automatically pulled from images of receipts and then streamed into Wave where it creates an accounting record that is categorized and matched against existing transactions. The original image is also stored in the system, so it can be pulled up at any point in the future.

Wave plans to add an Android app and email tool in the near future.

“Receipt clutter and the work that it creates has always been a huge pain for small business owners. Not only does Receipts by Wave solve this pain by immediately getting the clutter out of the way, but it goes one step further and actually files the information right into their integrated accounting and financial tools,” said Wave chief executive Kirk Simpson. “Those little things like piles of receipts that need to be taken care of ‘later’ just add stress for small business owners. With Receipts by Wave, we’re removing that roadblock.”

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