Simacol is a revolutionary financial app that allows you to track and record your income and expense transactions with just a snap of your camera! Use your camera to take pictures of your receipts, income statements, or checks. Then we will organize, categorize, and securely store these items for you. These images are fully compliant with IRS Revenue Procedure 97-22 and IRS Publication 552.
Bookkeeping is a tedious and complicated task, especially for tax purposes. Simacol is more than just a receipt scanner; we pack many powerful features for you and make tracking your income and expenses quick and simple.
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FEATURES OF SIMACOL – EXPENSE & INCOME TRACKER
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1. RECORDING INCOME AND EXPENSE
Snap pictures of your receipts, income statements, checks, and similar items. The process takes place in under 30 seconds from the time you take your phone out of your pocket or purse. You can also choose “No Photo” option if there’s no applicable image of the transaction you’re recording.
You can organize your expenses into 24 separate categories and income into 3 separate categories.
2. REAL TIME SUMMARY OF INCOME & EXPENSE
With Simacol, you don’t have to do manual bookkeeping anymore. View the real time summary of your income and expense. This summary contains a list showing each category, the respective dollar amount accrued, as well as a pie chart providing a visual breakdown. Or you can also view your overall Income and Expense breakdown for any time period.
3. SECURITY AND PRIVACY ASSURANCE
To secure access to Simacol and your data, you can use TouchID. Furthermore, your data is stored using 256-bit AES encryption, and supported by Google’s secure worldwide cloud which provides 99.99% uptime.
4. TAX HELPER
We help you prepare for your tax report in 2 ways. First, the images we store are fully IRS Revenue Procedure 97-22 and IRS Publication 552 compliant, provided they show the amount, date of payment, and the vendor or merchant.
You can also export your data to your tax preparer securely, via email, in 2 separate formats:
Excel (A 3-tab spreadsheet):
The first tab contains a breakdown of income and expense categories, their respective dollar amounts, and calculates Income minus Expenses
to provide a net gain (or loss)
The second tab details each Income transaction and contains a link to the stored image of the item, if applicable.
The third tab details each Expense transaction and contains a link to the stored image of the item, if applicable.
PDF
Details each transaction with a large image of the item in chronological order, oldest to newest.
4. FREE TAX AND BUSINESS CONSULTATION
Submit your questions related to tax and business accounting to our team of tax professionals, and we will answer your questions within 24 business hours!
5. GREAT IN APP SUPPORT
We have an FAQ section inside the app to help you navigate and use our app. In the unlikely event you encounter an issue while using our app, you can submit a ticket to our tech support team via the Support tab, and we will resolve the issue as soon as possible.
Additionally, our app is also Siri compatible, so you can open our app simply by saying “Hey Siri, Open Simacol”.
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If you have any issues or concerns, please contact us at [email protected]. If you find our app useful, please leave a rating and review for us.