Technology is constantly growing and providing new solutions to old problems. Expense tracking, unfortunately, is an old problem that will never go away. As long as there are professionals, there will be expense reports. Expenses ranging from food to lodging is recorded then reimbursed by the company, and even time is being logged and charged for. Fortunately, there is a solution. Smart phone apps are rendering the old way of expense tracking obsolete; swiftly ending the days of amassing receipts and unending paperwork.  However, expense tracking is a vital part of well-kept finances. Actually, one might even say that accurate expense tracking is the most important key to keeping your business running smoothly.

Businessmen everywhere from executives to technicians to sales people are likely to submit expenses to get reimbursed. Expense tracking apps are essential to any professional who departs from their desk for work. Some common expenses include traveling fees, materials, cell phone or Internet expenses or PR fees. These types of expenses are almost always reimbursed, but first have to be submitted and approved. This is why new expense tracking apps are so handy.

Depending on which app you select, expenses can be tracked in various ways. The most simple apps will let you enter in a vendor name and a dollar amount, and that's it. They are capable of tracking neither time nor mileage, only item cost and vendor name. This may be enough detail if your boss isn't immersed in your expenses. However, if you work for a manager who is more precise and need to show more details regarding your expenses, there are more detailed apps that let you to submit them with many details. Almost all of these apps charge a minimal monthly fee, but the time- which is money- they save more than proves that they're worth it. Some apps allow you to upload your expense to an Excel file or a PDF. A couple even have receipt reader features; take a picture of the receipt and simply wait as the app fills out all the necessary information for you.

Do you only find yourself interested in a basic expense tracker, as you're fine with the other solutions you use (but, who would be happy with the tedious expense reporting procedures set in place)? Would you like an app that does more? Or even an app that does everything for you? Browse through the app stores for your mobile device, be it iPhone, Blackberry, Android, or another, and see if there isn't a solution available for your expense tracking needs.