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As a freelancer or side hustler, managing your taxes can be challenging, especially when juggling multiple clients, projects, and income streams. Here are some essential tips to help you file your taxes efficiently and accurately, with a focus on utilizing the best accounting, bookkeeping, and expense management software to streamline the process. 1. Keep Detailed […]
Efficient Data Extraction and Analysis In the era of big data, extracting valuable insights from complex datasets is crucial for businesses and researchers alike. Data parsing, the process of analyzing and extracting structured information from raw data, plays a vital role in this endeavor. In this blog, we will explore various data parsing techniques that […]
An Easy Build with Cordova for Structured Data in Seconds In 1935, LEGO’s first construction toy was created using a few pieces of wood assembled to form a duck. This simple toy laid the foundation for a building block idea that has become the hobby of millions and is present in countless homes worldwide. We’re […]
A Guide to Fast Data Extraction from Financial Documents Dart is a client-optimized language for fast apps on platforms like the web and mobile. Developed by Google, it is an object-oriented, class-based, garbage-collected language with C-style syntax. This makes Dart a powerful programming language to use with Veryfi APIs for data extraction from financial documents […]
Building Smart Mobile Apps with AI-Driven Technology This year, the chess community was surprised when the current world chess champion, Magnus Carlsen, declined to defend his title after holding it for nearly ten years, citing a lack of motivation. Carlsen’s team has been using AI to improve his chess skills, with the understanding that AI […]
Here are a bunch of hand picked youtube videos you should check out to get familiar with Veryfi solutions. API Web Portal Mobile Money 20/20 Fun Veryfi on YouTube For more videos visit the Veryfi YouTube Channel. If you want us to create a video on a topic you cannot discover here, please let us […]
Document capture is an important and essential part of any data extraction. A frictionless way to collect documents that enables the user to capture, extract and reap value instantly is paramount to getting things done right. Here are the top 3 methods of document capture we recommend you start with to start extracting data from […]
Veryfi is a system of record you and your team can trust to manage expenses, automate data extraction from receipts & invoices, and more. If you need help getting started with Veryfi’s Time & Expense Management Bookkeeping apps then this video is perfect for you. You will learn about the the onboarding process, what to […]
You can generate an expense report or receipt report straight from your Veryfi mobile app. It’s easy. It’s available 247. And it’s informative. A tool you can truly trust. The video below demonstrates how this is achieved on both iOS and Android devices. Mobile Reports Documents Report A documents report reports on money in & […]
Scanning receipts is easy. But doing all the data entry afterwards for expense management is draining and time consuming. But now with Veryfi. Snap and in a blink of an eye Veryfi has finished processing, did all the data entry for you and event categorized the transaction. Welcome to the future. Experience the world’s fastest […]
Looking for a way to change the vendor on your documents or manage your vendor list? You’re at the right place. The following instructions take place inside the Veryfi web app (hub) located here: https://hub.veryfi.com How to Change or Update Vendor Go to your DOCUMENTS https://hub.veryfi.com/documents/ Open the Document you want to alter the vendor for by […]
Veryfi comes with support for bank feeds reconciliation, right out of the box. Veryfi can fetch data from the list of banks below. Our Bank Feed Partner is Yodlee, the leader in structured data feeds holding formal business relationships with the largest financial institutions. Below is a long list of all the Banks which Veryfi […]
The Veryfi Lens is a way for you to Collect documents in a secure manner, backed by real-time machine extraction. Veryfi Lens is available in every Veryfi app but the NEW Veryfi Lens is available in v2.1.1+ sporting a new camera experience and features. Please upgrade if you are running an old version of Veryfi […]
Machine based bookkeeping: Extracting lines items (SKUs) from receipts, bills & invoices
Every country in the world has their own jurisdiction on sales taxes. For example; Goods and Services Tax (GST) sales tax is common among all Commonwealth countries like Australia, New Zealand and Canada. In Canada, it’s a bit more complex and in excess of the federal with respect to the provinces there are: While in […]
This checklist assumes you have already registered for Veryfi and are logged into the Veryfi hub. You can also watch a video of this checklist to get familiar visually. TIP: Print this page so it can be used as a checklist. 1. Default settings Verify that all the default settings are ok. Make changes where […]
ToDo bell notifications help you close your books faster and accelerate bookkeeping tasks by surfacing this month’s actions (todos) related to your account. The list of notifications shows you what the Veryfi AI missed and requires your input to correct it. Corrections inside the Veryfi products are fed back into the Veryfi AI to train […]
Full Text Based Checklist for Onboarding the Veryfi Bookkeeping self-serve cloud based product is located here:https://www.veryfi.com/onboarding-checklist/
If you have photos of your receipts, bills or invoices stored in digital format (your cloud storage provider like Dropbox then Veryfi can slurp them up fast. No need to manually upload each one. Let Veryfi do the heavy lifting. Still storing records of your business financial transactions as photos on your phone, computer or […]
Let’s say your team members each have a company credit card for company expenses and you want to make sure they’re all legitimate. Here’s how the process looks in Veryfi: Explainer video Step by Step Instructions Following is a guide on how we achieve this in Veryfi. 1. Assign team managers (optional) If your company […]
With every Veryfi account (subscription) you will receive your very own _______@veryfi.cc email address. You can use this email address to forward your bills & receipts to or even setup automatic send to in the billers e-receipt portal. Where else can I bill fetch bills from This bill fetch setup can also be used with […]
With every Veryfi account (subscription) you will receive your very own _______@veryfi.cc email address. You can use this email address to forward a predefined set of bills & receipts to it and see it inside your Veryfi app within minutes. This is in our opinion the safest and fastest way to handle bills. To locate […]
If you have (a) multiple profiles setup and/or (b) are part of a team setup then this article is for you. If you have collected a receipt/bill while logged in a different profile/team account by mistake, then we have a solution for you to move that document to the right profile/team. Each document inside Veryfi […]
You can now track Money In (Income) and other sources of revenue inside Veryfi alongside the trusty Money Out (Expenses). Web Dashboard We are introducing new charts, insights etc into our Dashboard. The 1st change you would have seen is the introduction of Money In charts. Web Documents You can filter your documents by Money […]
Now that we’re at the end of our 12 money-saving tips, it’s become pretty apparent that as an entrepreneur implementing frugality tactics is crucial. We’ve gone through a bunch ways to help you save time and money — everything from how to maximize deductions and networking hacks to ways to be more productive, along with […]
If you’ve ever worked for someone else, you’re probably familiar with FICA. It’s a tax that funds the Social Security and Medicare programs and is automatically withdrawn from your paycheck. If you’re self-employed, however, things are a little different. When you pay FICA, which is about 15% of your earnings, you’re actually only paying half […]
Early stage entrepreneurs who are focused on growing their business know every last dollar counts. You work hard for your money. That’s why we want to help you find more ways to keep it. Writing off your phone expenses is one of example of how you can do just that. Getting your money back gives […]
The more you learn, the more you earn. Deduct education expenses. Education is vital for every entrepreneur, no matter your age or experience level. It’s true that you’re never too old to go back to school, and there’s a good chance it could cost you next to nothing and provide valuable new skills. There are many […]
Can you automate parts of your business? Work efficiently and you will budget efficiently. If you’re wasting your time, you’re wasting your money. Automate. Streamlining where possible is key for small companies and entrepreneurs trying to compete with the big dogs. If you have bottlenecks in your process that can be mitigated through the use […]
Set money saving goals Setting goals and keeping track of expenses sounds so simple, yet many of us come up short in this area. Doing this right could be the difference between ramen profitability and leapfrogging your breakeven point. Keep in mind that what you need to earn to hit your financial goals will be […]
As an entrepreneur, you’re inevitably going to wear many hats. It’s easy to overextend yourself in the name of quality control — like a kid in a candy store, you want to touch everything. Eventually that mentality will have negative consequences, so learning how to edit yourself is key. It’s important to consider outsourcing. Draw […]
Your network is your net worth! Get out of your comfort zone and start networking. Building your business without support from other entrepreneurs is a great way to run out of cash fast. Here are 5 ways to expand your network and meet more entrepreneurs. (With a bonus tip!) Join an Incubator As Y Combinator […]
Working 24/7 has been over-glorified in the entrepreneurial community. What we too often forget is what separates great entrepreneurs from good ones is: efficiency. If the Pareto principle tells us 80% of the effects-output comes from 20% of the causes-input, we have to ask ourselves if we’re really being productive or just staying busy? Here […]
One of the top three reasons why startups fail is because they don’t have enough money to keep their doors open. Consider some ways to deduct startup costs. Maximizing deductibles to relinquish cash is crucial for the longevity of early stage startups. Have you started a company recently? Did you incur some expenses before you […]
To maximize automotive deductions, it’s important to remember to keep organized records of the transportation expenses you incur. The IRS states that you need adequate records and documentary evidence. It could seem daunting depending on how you manage your finances. Automating the process with tools like Veryfi make it extremely easy to track. There are […]
Every year, more and more entrepreneurs are switching to their home office as their primary place of work. Do you work from a home office? Writing off your home office can significantly help put money back in your pocket. For entrepreneurs and self employed this means more cash in hand; for a new contractor? Marketing […]
On the first day of Christmas we’re saving more money! We’re singing a different tune as we approach the new year. In honor of “12 days of Christmas”, we wanted to gift you 12 tips to help you save more money in 2018. We believe one of the best gifts you can give is education […]
1. Take Action First come’s first serve – On halloween and in business. Remember that great idea you had? You kept talking about it, but didn’t do anything to make it happen… Later you saw something similar on the market. You threw your hands up, “Hey! I thought of that” Familiar? We know how it […]
Bill splitting is a new Veryfi feature that gives you the ability to segment a bill/receipt by different expense categories.
So your done with last months receipts and you want to store them away in a vault for future proof. This means you do not want to see them in your documents view but you want easy access to them. Enter “archive”. Archive is your 2nd bucket for documents Think of archive as another bucket. […]
Looking for a way to update the vendor logo with a better version? If so, here’s how to do this. What is a vendor logo A vendor logo is associated with every document you scan into Veryfi. In both hub and mobile documents views. On the hub (web portal) a vendor with a missing logo […]
A bank reconciliation is the process of matching the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate.* Why reconcile bank transactions Assuming […]
Bulk Actions will improve your productivity. Bulk actions allows you to manage and edit all your Veryfi Documents in bulk. That’s 1+ Documents vs. the traditional one-by-one method. Supported bulk actions As of writing (June 2018) Veryfi supports the following bulk options: Currently only supported inside the web portal (Veryfi Hub). If you have been […]
To guarantee the latest and the greatest working version of Veryfi we recommend you always keep your Veryfi update to date. We update our apps on iTunes and Google Play frequently. At most every 2 weeks at best every few days. Yap we have a ton of awesome stuff we want to give you! You […]
You might have already noticed in (v2.0.4+) Veryfi application we added a new field inside the Document Detail view called “Category” (pictured below). And if you are wondering about the differences between Category and Tags then you are in the right place. Read on.. Category In accounting every transaction needs to belong to a Chart […]
We would be honored to show you how Veryfi works and answer your questions. Schedule your demo with one of our friendly staff now. Ernest Semerda Dmitry Birulia LocationSan Mateo, CA (Silicon Valley) LocationSan Mateo, CA (Silicon Valley) Specialty:Partnerships, Accountant Practice Management, API Specialty:Product, Data-Extraction, QuickBooks, Xero, Integrations Schedule with Ernest Schedule with Dmitry If […]
Have you read our blog post on who is spying on your data? You might not know this but there are technology companies which use foreign cheap human labor for backoffice work. This work includes (but not limited to) data extraction from receipts & bills data extraction. Read the blog post on how unsecure this […]
Your account profile settings view contains a wealth of settings related to your account. Everything from your being able to manage your company information to your default app experience preferences. To get to your account profile settings view, inside the Veryfi app footer press “More” (far right icon) and then whichever account you want to […]
Feedback? Email us support@veryfi.com We use a ticketing system so your feedback will not be lost. Someone will reply. Don’t forget to include as much detail as possible including screenshot examples if any. Bugs? Email us support@veryfi.com Please include with the bug report: Follow us on Twitter for the latest updates https://twitter.com/veryfi_inc We regularly post […]
Features Labs has now moved inside the Veryfi Lens Menu as Settings. This means all the great features we had in Features Lab are now a Setting. Plus there are a many more new features. Have a feature you want us to add? Let us know. How to get to new Features Lab Veryfi Lens […]
Budgeting is an important component of financial success. It is easy to setup inside Veryfi. Once setup, you will make conscious decisions about how they’d prefer to allocate your business or personal money. The key to spending within your means is to know your expenses and to spend less than you make. A good monthly […]
Whether you want to generate an expense report, a document or timesheet report, it’s all easy using Veryfi. Below are examples showing you the power of Veryfi’s reporting in both the Veryfi mobile app and online using Veryfi’s hub (web app). At anytime you need help, you can check out all the other reporting examples […]
Veryfi mobile app and our automated back end systems support all world wide currencies. If you know of a currency which you want to use and is not listed in the supported currency codes below, then please contact us. We will add it in asap. Automatic currency conversion When travelling abroad from your home country, […]
Veryfi empowers you and your employees with mobile and web tools to collect financial document (receipts, bills & invoices) in real-time. Here’s a number of supported methods. Collect with Veryfi Mobile App Scanner Take a photo of your financial document (receipts, bills & invoices) using Veryfi mobile app (pictured). Within Veryfi app, access the “Collect” footer […]
Hello. If you landed on this page it must mean you’re strongly considering Veryfi but might not be completely sold on the idea of carrying around a bookkeeper in your pocket. That’s OK, because, like Rome, the path to financial freedom was not paved in a day.
With a Subscription you get: For a full breakdown and comparison visit: https://www.veryfi.com/full-features/ Without a Subscription, you are restricted to: Learn more about Veryfi Subscription. Want Veryfi for free? Have questions? Email us on support@veryfi.com
People used to think it unfathomable to do most of their correspondence over the internet through electronic messaging — more commonly called “email.” But then again, it took some time for society to adjust to sliced bread and color TV. Radicati, a technology market research firm, predicts that more than 4.3 billion people, or one-third […]
We had received some great questions via our feedback support line and somewhat concerning feedback on iTunes. There, what no better time than to publish a blog post which can help educate and advise on best practices for capturing receipts using Veryfi app on your iPhone. 4 focus areas: 1. Document Distance Assuming your iPhone […]
We looked at 5 popular apps to manage expenses (1) Shoeboxed, (2) Receipt Bank, (3) Expensify, (4) Tallie and (5) Veryfi to find the best expense app for you. We tested each to see how well they performed their core function–Collection and identification of receipts. If you want to skip ahead, the Summary finding are […]
If you run a business or are self-employed then you are probably getting buried in a pile of paper receipts. You know that you need to have burden of proof (receipts) should the tax man knock on the door. And storing these documents for up to 7 years is very painful. Not to mention the […]
Yes, tax office accepts digital receipts. IRS – Internal Revenue Service (U.S. gov) IRS has allowed electronic tax records and digital (scanned) receipts since 1997. But you must adhere to IRS guidelines governing “electronic storage systems.”. This means that the record of your receipt in digital form must be “look clear and legible” so should […]
