Shoeboxed iPhone app offers an easy way to keep track of receipts.

For people with the need to keep track of everyone of their daily expenses, one of the major obstacles of achieving that may have been laying in the cumbersome nature saving the actual physical receipts. Indeed, it can be tedious, time consuming and require a lot of discipline. Now, thanks to the Apple iTunes store, help has arrived in the form of a free app called Shoeboxed offered by Shoeboxed.com.Shoeboxed is not the first digital receipts keeping solution in the market, Quicken Online Mobile has been offering a way for users to type in their receipts on the spot. What makes Shoeboxed different is the fact that there is no typing involved from the users. The way it works is very simple, according to the New York Times which has tested the app.First of all, you will need to download the free app either from the Apple store, or from Shoeboxed.com and after that, you can start taking pictures of your actual receipts using your iPhone camera;once in the system, the data will be extracted and organized into your private own account. Even if you do not own an iPhone, you still can use the service as long as you own a Web capable phone with a built-in camera. Just like with the iPhone, snap a picture of the receipt and email it to Shoeboxed.com; the service will extract the data and enter it into your safe private account for immediate access. People who lack both an iPhone and a Web accessible phone, can still use the service by mailing all their receipts and even business cards using some provided prepaid mailing envelopes to the company for it to do the scanning and the filing for them. As said earlier in this post, the app is free but the service is not, requiring a minimum $9.95 monthly membership for unlimited uploaded or emailed receipts and up to 50 receipts or business cards.

For more, see NYTimes.com