A few months ago, we launched the Receipts Inbox to help you ditch the physical shoebox and go paperless. It was a great first step, but most investors were still losing 5 to 10 hours every month to manual data entry.
Today, we’re changing that with the AI Receipt Analyzer. This powerful tool doesn't just store your receipts—it reads, itemizes, and categorizes them for you, cutting your bookkeeping time by up to 90% and turning hours of paperwork into seconds of simple verification.
How it Works: From Snap to Expenses
We’ve integrated our new AI engine directly into your existing workflow. It’s a seamless 3-step process:
Bulk Upload: Use the mobile app or desktop to bulk upload receipts into the project Receipts Inbox.
Analyze with AI: Open any receipt and click the new "Analyze Receipt" button. In about 10 to 20 seconds, our AI engine reads the document, transcribes the transaction data, itemizes and categorizes the expenses with incredible accuracy!
Verify & Sync: Review the automatically populated data and click "Save" to instantly sync the data with your Expense Tracker and Project Budget!
Powerful New Receipt Analyzer Features
Automatic Line-Item Itemization: Stop manually splitting long invoices. Our AI reads every single line—from "2x4 Lumber" to "LED Recessed Lights", and automatically breaks down complex receipts into individual expense items in seconds.
Smart Category Mapping: The AI automatically suggests the correct Project Category and Class for every item, keeping your expenses organized without you lifting a finger.
Proactive Math Checker: Eliminate "fat-finger" typos. The AI performs an instant triple-check on every receipt, verifying that sub-totals and sales tax add up to the grand total.
High-Fidelity Digital Records: : Every analyzed receipt is transformed into a digitized record attached directly to the transaction. You'll be 100% audit-ready, making tax season and lender draws a breeze.
Why It Matters
Manual bookkeeping is a "profit leak." Every hour you spend typing in hardware store runs is an hour you aren't finding new deals. By turning 15 minutes of manual entry into 15 seconds of automation, we are giving you your nights back and the confidence that your numbers are 100% accurate.
Ready to see the magic in action?
Head over to your Receipts Inbox & Expense Tracker to get started!
We’ve added a new safeguard to our AI Receipt Analyzer to help ensure your project totals match your actual spending, even when a receipt is messy or incomplete.
Learn how to automate your year-end reporting, audit multi-project expenses, and beat the February 2nd deadline with the new Vendor 1099 Report features in FlipperForce.
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