46 – Connect To The Financial Institution To Automatically Check Your Spreadsheet Data – Nov 5 2012

Please see idea 45.  It talks about the industry of scanners for people to quickly scan through receipts, business cards, and various documents.  The issue I have run into is that the receipts occasionally have a crinkle or some other defect on the paper, and the software may screw up a couple numbers.  No bueno!  It does surely suck, knowing that you should go in and verify all the numbers.  Slows the process right up, and it’s another thing to worry about.

Enter today’s solution.  There is a bar code on most of your receipts today.  If not there is a transaction time and various data (including the fact that it’s YOUR receipt) on the receipt that identifies exactly what transaction it is.  My solution would be a feature available from your financial institution that would send your phone a list of all transactions in a particular format, and the software of your phone, that would put that list against the receipts scanned and in an instant be able to verify which transactions were scanned and saved correctly, and it could then tell you which ones had errors, and it could fix them.  It could then give you alerts on whatever it didn’t have a scanned image for.  Perhaps it could say,” you have no receipt image for the 175.00 in tools you purchased at the Home Depot on June 11.”  The second part of the app would be the ability to have an account with perhaps the Home Depot, who could provide you with data themselves, such as a check of the receipt for transactions you may have paid for in cash.  Just another way to provide you with what you want, (verification) and they would be more than willing to track such nonsense, since they want nothing more than tracking your shopping habits.  Obviously, if I was to be involved, it would be something you could set up and handle with anonymity.

Bam, sometimes the gems come long after I SHOULD be in bed.  🙂

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