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Cardholders with an Ink business card, such as Ink Cash or Ink Bold can now track business expenses, tag purchases and more while on-the-go with the new phone app, Jot. This app is available only for Ink from Chase customers and is customizable, giving small business owners a way to save time over traditional expense-tracking software. Jot works with all iPhones and Android phones and offers a range of benefits.
So how does Jot work? When a purchase is made with an Ink card an alert is received. Alerts come from all cards and employees tied to the account. When an alert is received the user may then tag the purchase. Custom categories may be used, such as a job number or a customer’s name. Purchases can also be split between multiple tags for items that fit into many categories. The user may then go online to access Jot. From here, it’s easy to create spending reports by date, amount range, category or tag. Reports may be downloaded to financial software as well.
The biggest benefit Jot offers a small business owner is the ability to save time. Business owners that spend less time going over receipts and manually recording purchases or inputting them in software may find they have more time for growing and managing their business in other ways.
Chase actually completed a study to find out how valuable mobile apps are for small business. 300 small business owners were surveyed and it was found that the average American small business owner saved an average of 5.6 hours each week while using mobile applications. This adds up to two full weeks each year that users may spend to build their business instead of wasting.
- Tag and track purchases in real-time while adjusting spending limits
- Save up to 2 weeks per year over manual receipt consolidating
- Access 60 days worth of data in the mobile app, or 2 years worth online
- Ability to switch between mobile and online versions
- Helps the business owner stay up-to-date at all times
Although the app is only available for Ink from Chase customers, it’s a powerful and versatile way for small businesses to track expenses and create reports. This application takes all of the work out of business management and allows the business owner to instead focus on more important aspects. Jot seems to think of everything with real-time tagging and the ability to switch between mobile and online views as well. Overall, this app is recommended to any Ink cardholder that wants a simple and well-designed way to manage the most time-consuming part of any business.