ExpenseIn Preview: the Brand-New UK App for Receipt Management

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November 2015 will see the introduction of a very exciting new business expenses app, ExpenseIn, for those of us who as part of our general routine have to manage a large number of receipts and complete the associated VAT returns in order to make allowable expenses claims for businesspurposes with the HMRC.

The Problem
Historically, individuals have had to collate all the receipts that they accumulated driving around the country's motorways, attending client, partner or investor meetings and presentations, staying overnight at hotels or B&Bs, while grabbing lunches and lattes on the go. All those receipts would have to be retained and filed, which would invariably mean an overflowing, receipt-stuffed wallet, or desktop spikes with pierced and crumpled bills going all the way back until last Christmas and beyond.

But that's not all.

As a company employee, they would then have to spend hours filling in spreadsheets for the finance department, who would in turn have to scrutinise those returns and interact with said employee until all parties were satisfied that the claims and receipts matched up, with each claim legitimate and in keeping with the latest UK tax requirements. A huge amount of combined company hours.

The ExpenseIn App Solution
So for the self-employed, finance department and business owner, the facility that ExpenseIn provides to track and organise expense records comes as an absolute godsend.

Importantly, a USP of the ExpenseIn app is that it comes from UK tax specialists, with a working knowledge of UK tax law and business practices, who are therefore able to ensure that all updates are fully compliant with the latest in HMRC developments.

Furthermore, the app itself looks extremely efficient, practical and simple to use - receipts are captured and then discarded while their record is easily accessible and exportable in the cloud-based storage system; expenses can be submitted in an intuitively simple way; approval flows are straightforward and logical to set up; and policies are quick to establish or amend.

But what's also very attractive is ExpenseIn's pricing system, which, especially with the annual payment plan, is tremendously competitive, with costs close to half of those of some main competitors.

So taking into account the breadth and depth of ExpenseIn's features, simple yet thorough setup and pricing, we at Geekanoids really can't wait for its November release.

How Much is your Mobile Worth

A lot of people have begun to sell their phones on after they have finished with them. Often, this is via the use of recycling websites such as Envirophone and Mazuma Mobile (there are many more) or even a highstreet store like Albemarle Bond. Now people are also starting to sell their mobiles on to get the value of the small amount of gold that can be used in the phones. Recycling your old phones can be useful in many ways. They can be taken apart and their various bits and pieces used to make other things. It also means you come away with a little extra cash in your pocket while being a lot more economical.

Gold can be used for micro voltages as they are a highly conductive metal – hence their use in a lot of things. One of the best uses of gold is that they don't corrode very easily, meaning the demand for it is a lot higher than you would think. The very small percentage of gold put into each mobile phone seems a minuscule amount, but put all this gold together, and there is a vast amount. Around one billion mobiles are made every year, each of them containing around 50 cents in gold. A lot of these aren't recycled, so it is a waste of the gold (and money) in this respect.  

Gold is one of the most important of metals in the industrial sector, particularly when it comes to electronics. Devices such as our mobile phones use such little currents and voltages and gold is the conductor used to try and carry the currents around your mobile and stop the corrosion from happening. This also means they are a lot more reliable. Devices such as televisions and calculators also have a bit of gold in them. You can also recycle these electronics although there aren't as many services readily available to do so.


Author - Chris Hutchinson