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Expense tracking – there’s an app for that

A receipt, obtained in Swiss mountain restaura...

To keep track of the many things I do, I have to take notes.  For example, all the posts on this blog are noted somewhere first and then I write about them when I get time. I use a product called Evernote, which is just brilliant. I can do anything I want in this app in terms of taking notes. And, like all apps there tends to be adverts for related products from time to time.  One I found interesting (but don’t use) is Expensify.  This app seems to be very useful for track this annoying expenses. You can see more here on the app’s features. One thing it might be really useful for is those annoying fuel receipts small businesses have. For example, a sole trader might have 2 or 3 receipts for diesel each week, which are probably paid for in cash. These receipts frequently get lost and are a pain to store too. So it might be useful to use a product like Expensify to take a snap shot of these and store them. You can also use the app to track mileage, so this might be useful for small companies whose employees may get paid mileage.

Tips to reduce debt

I found this (http://bit.ly/bTJVbf) feature in the CPA Ireland student e-zine. It gives some useful tips to help reduce personal debt. Sole traders might find it useful too.

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