NEAT Reciepts Release Software Update

Philadelphia based NEAT Receipts announced an update to their scanning software today. The update, dubbed service pack 1 is designed to improve the way customers manage their personal and small business finance.

"We made some key adjustments to our recently launched 3.0 product just in time for tax season," said Rafi Spero, founder of NEAT Receipts. "We feel these tweaks will make a strenuous time of year a little less stressful for long-time customers and recent converts."

Major feature improvements include:

1. Tax Update: NEAT Receipts software now supports IRS forms for the 2007
   tax year including 1040, Schedules A, B, C, D, E and F, as well as forms
   2106, 2441, 3903, 8829, 8839 and 8863. Users can scan receipts and select
   an IRS tax category from the drop down menu then use the NEAT Receipts Tax
   Organizer to create category summaries that are exportable to TurboTax.
   Popular categories include Charitable Donations Charity-Makes-Wealth Nov-07 , Medical Expenses,
   Dependent Care Expenses, Unreimbursed Business Expenses, Business Use of
   the Home, and Education Expenses. When preparing taxes, users can simply
   run a report that totals their spending in each category and provides both
   the line number on the form and the amount to fill in.
   
2. Quicken and QuickBooks Support: Users are able to scan personal and
   business receipts and financial documents and export to Quicken and
   QuickBooks. Users can designate specific accounts for their expenses and
   send data directly from NEAT Receipts into two of the leading financial
   management applications.
   
3. Improved Accuracy: NEAT Receipts' software recognizes specific pieces
   of information on receipts such as date, vendor, amount, sales tax, payment
   type and GST/PST in Canada. V3 SP1 provides significant gains in the
   recognition technology, which reads and intelligently categorizes data from
   U.S. and Canadian receipts.