The 
system contains a 
scanner, an apparatus for scanning receipts into a computer and a unique 
software program which automatically processes, organizes and saves expense information that can be viewed in various formats, namely, tabular statements, pie-charts, etc. The 
scanner, which accommodates paper of differing sizes, is used to input bills, receipts, 
bank statements, etc. The 
scanner is usually connected to a computer through a Universal Serial 
Bus or a 
parallel port for easy installation. The 
software program creates a 
text file of the scanned data by inclusion of sorting, categories, etc., and automatically saves the information in Quicken Interchange Format, allowing it to be imported into any financial management 
software for further 
processing. Each 
receipt is treated as an individual transaction. Multiple items in the 
receipt are used to create a “split” transaction with proper customizable categories added. Further, the software also allows for 
record keeping, budgeting and budget balancing.