Small business clients routinely classify undocumented cash transfers to personal accounts as business expenses without receipts, forcing the accountant to reclassify them as owner's draws.

Workarounds Described

• Books any undocumented transfer as owner's draw instead of expense
• Requires a receipt before recording an actual expense

Implied Software Gaps

• Mobile app that prompts for receipt capture at the time of transaction
• Automated transaction classification that defaults to owner's draw without documentation

ReceiptGuard Expense Compliance

ReceiptGuard is a mobile-first expense capture and categorization tool that integrates with accounting systems. It prompts business owners to photograph receipts in real-time and flags undocumented transactions as draws by default, reducing back-and-forth with accountants.