Welcome to Qred's app

Manage your receipt management with the Qred app

Most contractors have a pile of receipts somewhere in the workplace, filled with paper receipts from purchases made years ago. It's almost a full-time job to keep track and separate old from new, know which receipt belongs to which purchase, and make sure nothing gets broken or lost.

Fortunately, there is a solution - expense management in our app! (included in the app, at no extra cost)

If your company uses our corporate card Qred Visa, you can now collect and save your company's receipts digitally in the Qred app in just a few seconds. All you need to do is take a picture of the receipt, and you'll have a digital copy saved - directly in the app. Digital receipts allow you to save time and make life easier for both you and your employees. Ready for bigger investments? Then maybe our business loan is more suitable for you and your company? 

In this article we go through:

• Advantages of digital receipts
• How to use our expense management system
• How your employees can use the feature
• What applies to digital and paper receipts

Advantages of digital receipts

Digital receipts have many benefits. They make it easier to keep track of your business expenses and allow you to look at past purchases to find warranties, review finances and more.

When you use our service, you collect all your expenses in one place. We send a summary to your email every month, containing all the purchases your company has made that month. This gives you a good, simple and neat overview that makes it easier to keep track.

Scanning receipts digitally also reduces the chance of errors. Since the camera adds the receipt, there is no risk of you entering the wrong numbers, dates or similar.

But perhaps most importantly , it saves you time, money and headaches. The time you used to spend manually managing receipts can be spent on other things that make your business grow!

How to use Qred's expense management

Let's say you have made a purchase in a shop and received a paper receipt. Now create a digital copy in 5 easy steps!
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Done! The receipt has now been scanned and added to the expense report. If you made a mistake, you can go back and change your expense (step 5), but please note that this must be done within the selected expense period (before you receive your monthly report).

Monthly report and accounts

We send you your expense report at the same time as we send you your monthly bill. However, we know that different companies have different needs. Something that suits one may not suit another. Therefore, we have made it possible for you to choose when you receive them!

Let's go into detail on how it works. You have two options to choose from:

• A) Mid-month - e.g. January 15 to February 15.
• B) Beginning, to the end of the month - e.g. January 1 to January 31.

So if you have chosen A), your expenses will start being added up from 15 January and continue until 15 February (the date you receive your expense report + monthly statement). After that, the next period will run from 15 February to 15 March - and so on.

If you choose B) , it works the same way but with different dates - from the beginning of the month to the end. So your expenses are added together from January 1 to January 31 (31st you get the expense report + monthly statement). The next period starts on February 1 and continues until February 28 - and so on.

Your expense report is sent as an excel file (.xlsl) to the email address registered by the owner of the first Qred Visa, before ordering the card. You can easily forward the report directly to your accounting company without having to do anything extra, as all the information is already included.

Can my employees scan and document their purchases digitally?

Yep, that's perfectly fine! We have a feature we call multicard, which allows you to hand out cards to your employees (at no extra cost) and still collect all purchases in one place. You don't have to lend out your own company card and all your employees have to do is scan the receipt and you can access it directly in the app!

Do I need to keep my paper receipt if I have scanned it?  

No, as of July 1, 2024, you no longer need to keep physical receipts, as long as you have them in digital format.

Summary

Let's look at a quick summary of what our expense management does for you!

• Collects all expenses in one place.
• The feature is free and included in our app.
• You can scan receipts and create digital copies.
• Reduces the risk of error.
• Digital receipts make it easier to manage and file expenses.
• You save time and money.
• Don't worry about losing receipts.
• Gives you easy-to-use monthly reports of your purchases that you can easily add to your accounting.
• It's free - the feature comes automatically with your Qred Visa!

Good luck with the company!