Taxbot Logo
star star star_half star_border star_border

3.7

Overall Score

Author: Jenna Vasquez

LAST UPDATED: August 12th, 2021

Headquartered in Bountiful, UT, Taxbot provides a user-friendly interface to track business expenses and prepare small businesses for tax and audit season. This company was created in order to help in tax returns, tracking small business expenses, and taking pictures of receipts. This software can help your tax attorney and accountant with all of the issues that surround the tax world.

Top Ranked Companies

thumb_up

The Good

  • Security
  • Customer Education
  • Online Website and Mobile App
  • Flat Rate

Security

Taxbot comes fully equipped with a high quality standard set of features that make expense management and tax preparation much simpler, safer, and faster. Taxbot ensures its data is kept safe using 256-bit SSL (bank-level) encryption over all its users' financial data. Many credit card companies use this type of bank-level encryption to safeguard credit card information.

Customer Education

Taxbot gives subscribers access to professional tax tips and advice through a number of videos and articles. Their desktop site offers step by step installation and feature guides to help users navigate their mobile apps. Their live chat feature is incredibly responsive and helpful for potential and existing customers alike.

Mobile App and Online Features

The online website and Taxbot's free app are great tools when using this expense management software. 

The Taxbot app for Android and iOS both are made very well, easy to navigate, and can give you access to everything the online website gives you access too. Taxbot's free app is able to be downloaded through the App Store or Google Play Store. It tracks expenses, mileage, and helps you categorizes all of your expenses. These are some of the features that you are able to receive from your Apple and Android devices:

Expense Tracking: This expense management software does the basics. It will track your personal expenses and your business transactions in order to get your deductions.

Receipt Scanner: This software allows you to snap pictures of all of your receipts and scans them for the information needed to track all of your company's expenses.

GPS Mileage Tracking: Taxbot's mobile app tracks when you are driving in order to give you better tax deductions. By noting traveling expenses while filing taxes, you are eligible to receive a lot of money in tax returns.

Categorize Expenses: Each company is different. If you are a real estate agent you will have different expenses than a door-to-door salesman. Independent workers will have very different expenses than large companies. These tools allow you to organize your company in a way that will help your company become the best.

Although expense management is never simple or easy, the mobile app and features that Taxbot offers allow you to automatically store receipts, track mileage, complete expense reports, track income and expenses, and budget money.

Flat Rate

Taxbot is available at a flat-rate price of $19.99 a month, which is great for mid-sized businesses looking to save on their expense tracking software.

thumb_down

The Bad

  • Price
  • Negative Reviews

Price

On the other hand, that flat-rate price can feel a little steep for individuals or small businesses with under 10 employees, especially when compared with the smaller pricing packages of some of Taxbot's competitors (for example, QuickBooks and FreshBooks both offer a small business package for roughly half the price of Taxbot). And while Taxbot is optimized for Android and iPhone models 5s and on, they have yet to tap into the rest of the smart device market as other carriers like Blackberry do not allow Taxbot to access certain parts of their devices. Also, Taxbot does not support multiple currencies, which can limit the mobility of certain business owners seeking a more global focus.

Negative Reviews

Although Taxbot has a lot of great features we have seen a lot of issues from users. Some have issues with the GPS, customer service, and with some of the programming. Our review of Taxbot is overall good, but these issues will have to be fixed before it becomes one of our top-ranked companies.

gavel

The Bottom Line

Overall, Taxbot provides a safe, educational, and trustworthy component to any small business's financial management strategy. And while it may lack the traction, capabilities, and market share of some of the bigger companies, it is no less reliable. Its flat-rate pricing makes it a steal for mid-sized companies; just be sure your business is prepared to handle this monthly subscription, as it is the same for companies of all sizes.

View Best Expense Management Software Companies

Was this content helpful?
thumb_up Yes thumb_down No

Star Rating

info

2.5

star star star_half star_border star_border

16 Reviews

Review Breakdown

5 grade

19%

4 grade

19%

3 grade

6%

2 grade

6%

1 grade

50%

Sentiment Criteria

Value

star star star star star_border

Quality

star star star star star_border

Service

star star star star star_border

Trustworthiness

star star star star star_border
cancel
info
star star star star_border star_border

Jeanie Shook Kansas City, MO

I am hugely frustrated to find out at the end of the year that although I spent a lot of time to associate receipts with each logged expense, that the receipts will not print in the reports. The only way to get receipts from the ENTIRE YEAR is to manually go back into each entry, click on the receipt, and then print it. The reason I even purchased this software was because my friend told me that you could add receipts to each expense log. Now I am going to have to go back and nitpick through all my records in order to find these receipt images, after trusting that this software would make it easy.

10 years ago