What is SparkReceipt?
SparkReceipt is a mobile application available for Android, iOS, and web platforms that uses AI to automate receipt scanning.
It enables users to add and manage expenses and income without manual entries by taking photos of bills or receipts or uploading them to the web application. The AI scans and extracts details from the images, such as merchant names, total values, items, and tags, using OCR (Optical Character Recognition) technology combined with AI.
Users can add entries manually, through AI scans, by forwarding bills to a specific email address for automatic scanning, or by uploading bulk data, such as bank statements, for automatic categorization.
How the Data is Stored and Used
SparkReceipt serves two main functions: automating receipt scanning with AI and helping users manage income and expenses, whether for personal use or small businesses.
The Security section on the platform provides detailed information about data storage, usage, and communication protocols. This transparency is essential when handling financial information.
The platform supports multiple currencies and is accessible in all countries, with bills in various languages supported. The app itself is available in five different languages.
Review & Demo
The app is accessible via mobile apps (Android and iOS) and a web application, with all platforms automatically synchronized.
When a user adds an entry on one device, it appears across all other devices. The mobile app is ideal for taking photos of receipts and categorizing them immediately, while the web interface offers the same functionalities with a different layout.
The dashboard contains numerous elements, but the primary focus should be on adding new expenses or income.
Add New Expense
Users can add new expenses either manually or by scanning receipts. The system can process receipts of varying quality, including:
- Clear, high-quality receipts
- Legible receipts with folded edges
- Lower-quality images that are common in daily use
Duplicate Entries
The system identifies potential duplicate entries and notifies users, allowing them to choose whether to keep both entries or use the original one.
Testing Accuracy
The system scans various details from receipts, including:
- Merchant name detection
- Date recognition
- Expense categorization (e.g., “Meals and Entertainment” or “Food and Groceries”)
- Payment method identification
- Reference number extraction
- Tax calculations, including total amount, tax amount, and percentage
- Currency detection
- Tag support for organizing entries (e.g., tagging with “Friends” for social expenses)
Accuracy depends on receipt quality. Clear receipts yield better results, while lower-quality images may reduce accuracy. Testing outcomes included:
- First receipt: High accuracy with correct merchant name, date, and categorization.
- Second receipt: 60-70% accuracy, with some tax values undetected.
- Third receipt: Lower accuracy, with date discrepancies and total amount inaccuracies.
Search and Filters
Users can search entries using various filters, including names and payment methods. Data can be viewed by month, and users can access entries across different time periods.
Reports & Exports
Reports can be generated for expenses, filtered as needed, and exported in multiple formats, including:
- CSV
- Excel
Live link sharing is also available.
Mass Upload Entries
For bulk uploads, such as bank statements, users can import files and view the results. Options include automatic detection of income and expenses or manually specifying entry types.
Deleted Documents
Deleted documents and entries are stored in the trash section, allowing for recovery if necessary.
Integrations (QuickBooks & Webhook)
SparkReceipt integrates with QuickBooks and supports webhooks for third-party software applications and automation.
Automations
Automation features include:
- Recurring expense and income setup
- Auto-assign details based on statement automation
- Webhook integration for automatic entry addition
Manage Categories
Users can edit and customize categories for both income and expenses, and manage document tags.
Payment Methods & Tax Rates
The platform allows the creation of custom payment methods and tax templates for personal and business use.
Add Receipts Via Email
Users receive a dedicated email address for forwarding receipts, enabling the system to:
- Automatically categorize expenses and income
- Process specific document types through dedicated email addresses
Conclusion
SparkReceipt is an AI-powered receipt management app with mobile and web support. It performs well with clear receipts, but accuracy may decrease with lower-quality images.
The system is expected to improve over time as AI development continues.
A special lifetime deal is currently available for those interested in trying out the app.