You may have noticed that the ATO have released a new app called myDeductions aimed at employees claiming work related expenses. Here at Shoeboxed we thought that we would make try to make it easier for you to decide whether or not you need us (or them!). So we decided to do a little (hopefully unbiased) feature comparison between our services.
| Features | Shoeboxed | myDeductions |
|---|---|---|
| Ability to save receipts by taking pictures with the app |  |
|
| Free plan | |
|
| Trip logging | |
|
| ATO registered | |
|
| Prefills tax return |  |
|
| Perfect for students or employees | |
|
| Data entered and verified for you | |
|
| Exports to PDF CSV | |
|
| Data backed up over multiple locations | |
|
| Invite accountant/bookkeeper into your account | |
|
| Different document submission type (email, dropbox, direct upload) | |
|
| Integrates with accounting software | |
|
| Perfect for SME’s or sole traders | |
|
As you can see, myDeductions is a very useful lightweight tool, especially if you don’t see a large volume of receipts or use accounting software.
However, if you would like a bit more flexibility, security, and horsepower behind your receipt storage – sign up for a free 30 day trial.
