What it is
TaxLens is an AI-powered receipt scanner and expense organizer aimed at freelancers and small business owners. The app uses optical character recognition (OCR) and machine learning to extract structured data from paper and digital receipts, including merchant, date, totals, tax amounts, and line items. It applies tax-specific rules to distinguish business versus personal expenses and assigns deduction categories automatically.
TaxLens produces audit-ready outputs that can be exported as PDF packets with receipt images attached or as CSV files compatible with common accounting tools. The product emphasizes on-device storage with optional iCloud synchronization and supports multi-currency handling with historical exchange-rate conversion. The interface and functionality are presented for use on mobile devices, with batch scanning and photo import capabilities.
Key features
The scanner functionality performs OCR to auto-extract merchant names, dates, totals, taxes, and line items. Batch scanning supports up to 20 receipts at once and digital PDF or photo imports are supported. An AI confidence score flags ambiguous items for user review.
Categorization applies tax-specific rules to separate business and personal expenses and to assign deduction categories. The app generates accountant-ready PDF audit packets with attached receipt images and exports CSV files containing merchant, date, amount, category, and currency for import into accounting software such as QuickBooks or Excel.
Additional features include multi-currency auto-detection and conversion using historical exchange rates, dashboard-level tax insights showing total spent, total deductible, and estimated tax saved, and a secure receipt storage option that keeps data on-device or synced via iCloud.
Use cases
Freelancers can use TaxLens to capture and categorize day-to-day receipts, convert them into tax-ready deductions, and produce export files for an accountant or tax return. The AI categorization reduces manual spreadsheet entry and highlights ambiguous items with confidence scores for review.
Small business owners can maintain an audit-ready digital receipt archive, generate PDF audit packets for financial records, and export CSVs for integration with bookkeeping tools. Real estate agents and professionals who travel can use the multi-currency support and historical conversion to track foreign expenses accurately.
Accountants and bookkeepers can receive standardized CSV exports and PDF packets from clients to streamline reconciliation and tax preparation tasks.
