Receipt scanning (+1 Merged Vote)

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Comments

  • GH7
    GH7 Quicken Windows Subscription Member

    Receipt scanning would make entering transactions so much faster and easier. I read Quickbooks online has a feature to scan receipts. I do not understand why Quicken doesn't have the feature as well.

  • Leighton Stew
    Leighton Stew Quicken Mac Subscription Member ✭✭
    edited August 2024

    Absolutely! Not only would I use this feature daily but having intelligent receipt scanning directly connected to Quicken app would Blow Away your competition. Quite feasible especially now with great AI backends available. Buy a small solution or develop your own. If your marketing folks want a draft business case around this let me know - I’d do that for free just to get you excited about it.

  • jschleg
    jschleg Quicken Windows Subscription Member

    This feature needs to be added to the mobile app ASAP. Just like when I use SAP Concur to scan my work expense receipt and then it uses OCR to automatically read and extract the data. Please do the same.

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    "to itemize" receipts from a scan would seem to require that OCR capability be built into Q, and that doesn't exist.

    Also, you should be aware that bringing attachments in Q causes incredible file bloat and the ONLY way to view those receipts in within Q.

    You'd be better served by getting a PDF management product, scanning into that and referencing the receipt location in the Memo field of the Q transactions.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Chris_QPW
    Chris_QPW Quicken Windows Subscription Member ✭✭✭✭

    For what it is worth, I checked and there are open source/free OCR libraries available like this one.

    tessdoc | Tesseract documentation

    Signature:
    This is my website: http://www.quicknperlwiz.com/
  • Douwe
    Douwe Quicken Windows Subscription Member ✭✭
    edited June 3

    I work in accounting and for years there has been OCR software that scans a document (receipt) and identifies the itemized expenses. We really need this integrated.

    Try to imagine, you snap a picture of your walmart receipt and it automatically recognizes how much you spent on food, how much on baby stuff, how much sales tax is on the receipt so it automatically adds it to your SALT deduction. Just try to imagine the wealth of data you now actually have in Quicken and you can actually understand where all your money is going and what you can save on.

    That $500 Costco expense categorized as groceries is completely useless information on my cashflow and budgeting report.

  • jtemplin
    jtemplin Member ✭✭✭✭
    edited June 3
    https://community.quicken.com/discussion/7963061/we-really-need-an-ocr-to-read-receipts-and-automitcally-assign-the-category

    Is there specific OCR software that has done auto-categorization "for years", or are you just talking about OCR software in general.
    There are challenges in this. The way store receipts abbreviate items isn't standardized and often hard for even humans to decipher. Maybe using AI, but you'd have to somehow teach it your category scheme.

    How would it know, for example, that "SimilAdv 12oz" is baby formula on a Walmart receipt and that it isn't "groceries" but "baby supplies"?

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    I'm reminded of the attached.

  • Quicken Jasmine
    Quicken Jasmine Moderator mod
    https://community.quicken.com/discussion/comment/20493366#Comment_20493366

    Thanks for reaching out with this request. Your idea has been merged into this already active idea thread!

    Thank you!

    -Quicken Jasmine

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  • CaliQkn
    CaliQkn Quicken Windows Subscription Member ✭✭✭✭

    One challenge with receipts is that they are sometimes the line item is in "code" and is not always descriptive or or seems way off to what the item really is. There is no standard between merchants. I have tried to use OCR with other programs or apps and the results have been less than good. What comes across sometimes is gibberish and you spend more time correcting, fixing, and editing than it's worth. That is my experience with it but things might have gotten better since I last tried it a few years ago.

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