ExpenseMagic - Track Expense With The Magic Cloud iPhone App

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By Ragu. Posted on 06 November 2011.

With so many recent innovations and technological advancements you might wonder whether you can keep track of your expenses and claim your expenses with cloud technology. Yes it is possible! ExpenseMagic is a phone App and a cloud based service available as an App for iOS devices and soon coming out on Android and BlackBerry by January 2012.


ExpenseMagic Ltd, based in London, UK was founded by Adam O’Kane, Lavni Varyani, and Constant Tedder in Febraury 2011. The App rated with 4.5 of 5 from 48 ratings on Apple iTunes and 7 of 10 on TrustedReviews proves that cloud computing ensures people to lead a smarter life.


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ExpenseMagic

All you need to do is take a picture of the expense receipts, enter the data yourself or else let the Expense Magic team do the data entry for you for £ 2.99 for 20 receipts.  All these data will be stored in the cloud and you will be able to access them whenever you want and from anywhere you want.  This is similar to maintaining a diary where you record your expenses every day. A dashboard will give you details of how much you have spent, claimed or reimbursed. You can export the expenses to a Spreadsheet on your phone or PC.


Whenever you want to claim your expenses, you can set a reminder on a particular day of the month by choosing Autoclaim option, which will remind you to claim on the chosen date from your employer. With GPS on the device, you can note your expenses in the currency of that particular country and have it converted to your own anytime you want. You can organize the application by maintaining your expenses month, date, and currency wise and so on.


Similar other services are Lemon for Android and iOS, moBudget for Windows Phone and Expensify for iOS, Android, BlackBerry and Palm.


So with cloud storage you can lead a smarter life by making most out of this technology. Can even say, that it’s a Go- Green initiative, you don’t have to carry your pocket diary to make note of your expenses. ExpenseMagic App does the magic!


The ‘Green’ ExpenseMagic could have been ‘Greener’ if it received e-receipts to their cloud servers directly from stores instead of printing and taking a picture of receipts to send to the cloud. However, it would bring in complications to sign up agreements with the retail chains and could be impossible to include every small retail shop.


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