Mr. Bizzy Releases ExpenseBot Version 1.1 — Smarter Line-Item Expense Tracking and Automated Statement Processing 

Mr. Bizzy has announced the release of ExpenseBot Version 1.1, introducing advanced receipt OCR, automated expense tracking, and line-item expense extraction designed specifically for small and medium-sized businesses (SMBs). 

ExpenseBot allows businesses to submit receipts, invoices, and financial statements via email or WhatsApp, where the AI automatically extracts expense data, classifies transactions, and generates structured CSV and Excel expense reports. 

The new release expands ExpenseBot’s ability to process complex receipts, invoices, and financial statements while giving businesses greater control over how individual expenses are categorized, assigned to projects, and reported for accounting and tax purposes. 

ExpenseBot helps SMBs eliminate manual data entry, streamline bookkeeping, and maintain accurate, tax-ready expense records year-round. 

What’s New in ExpenseBot Version 1.1 

Line-Item Extraction from Receipts and Invoices 

ExpenseBot can now extract individual line items from receipts and invoices. 

Each line item can be managed independently, allowing users to apply different classifications or assign them to different projects. 

Examples include: 

This feature allows businesses to maintain more accurate expense records without manually splitting transactions. 

Separate Classifications for Individual Line Items 

Users can assign different expense classifications to each item on a receipt or invoice when submitting it to ExpenseBot. 

Example: 

Receipt includes: 

Users can instruct ExpenseBot to classify: 

This ensures expenses are categorized correctly for bookkeeping, reporting, and tax purposes. 

Assign Expenses to Multiple Projects 

ExpenseBot now supports project-based expense allocation at the line-item level. 

This is particularly useful for: 

Example: 

A contractor purchases materials used across multiple client projects. 

When submitting the receipt or invoice, the user can specify which line items belong to which project. 

ExpenseBot will automatically assign those costs to the correct project or client ledger. 

Process Credit Card and Bank Statements 

ExpenseBot Version 1.1 can now process entire financial statements. 

Users can email: 

ExpenseBot extracts each transaction and records it as an expense in the ledger. 

Smart Filtering of Statement Transactions 

Users can instruct ExpenseBot to extract only specific transactions from statements. 

Example instruction: 

“Extract expenses for ESSO, Amazon and Tim Hortons only.” 

ExpenseBot will identify and extract only those transactions from the statement. 

This helps users quickly isolate business-related expenses from mixed personal/business accounts. 

Custom Classifications in Email Instructions 

Users can include custom classification instructions directly in the email when submitting receipts, invoices, or statements. 

ExpenseBot will automatically apply those classifications to the relevant transactions. 

This allows businesses to maintain their own chart of accounts and expense categories without manual adjustments. 

Improved Expense Reports with Monthly Summaries 

When users request an expense report, ExpenseBot now generates an Excel file with enhanced reporting features, including: 

Detailed Expense Tab 

Monthly Summary Tab 

The Excel report can be used directly for: 

Built for Small and Medium Businesses 

ExpenseBot helps SMBs simplify expense tracking by eliminating manual data entry and organizing expense records automatically. 

Businesses can submit expenses using tools they already use – email or messaging, while ExpenseBot handles the data extraction, classification, and reporting. 

Availability 

ExpenseBot Version 1.1 is available now. 

Businesses can start tracking expenses and generating structured reports immediately.