How to Simplify Your Receipt Management Process

Member Benefits
Published

Effective receipt management helps construction businesses more accurately track spending, ensure margin efficiency, and reduce stress when it comes time to close the books and file for tax season.

However, receipt management causes headaches for many busy construction company owners and finance managers who often spend hours stressing over lost receipts and chasing on-the-move job teams to get expenses submitted.

As one of NAHB’s newest Member Savings Program partners, Rho is an all-in-one finance platform that helps construction companies manage all their corporate card charges, pay vendor bills, speed up month-end close, and streamline expenses.

Here are some tips, tools and best practices you can implement today to stop receipt management headaches.

  1. Get in the habit of taking pictures of your receipts immediately. Having a photo makes it easier for you to refer to later without worrying about the original receipt getting lost.
  2. Upload the file to a cloud-based file management system, like Google Drive, once you take a photo. This helps you back-up your files and makes it easier to email your finance manager.
  3. This one is for the finance managers and owners: Digitize your receipt management process. With apps like Rho, your teams can purchase supplies, and a notification will automatically be sent to their phone or in the Rho Mobile App asking them to upload the receipt.

Once they upload the receipt, that’s where the magic happens. Regardless of location, you can utilize Rho’s mobile app to fill in necessary transaction details like job codes, notes, or additional receipt details.

In seconds, all your recorded data flawlessly integrates from Rho into your chosen general ledger software or ERP, so your finance team can spend less time completing the month-end close and more time managing the business.

Many organizations still rely on traditional paper-based systems for managing receipts. Making the switch and using an expense management tool like Rho and the Rho mobile app can be a game-changer for any business looking to improve its financial efficiency.

Your finance team and your job teams will thank you.

Today, Rho is proud to offer NAHB members a wide variety of other financial tools all under one roof: Corporate cards with built-in expense management, customizable controls, and meaningful cashback to help you run your business better. NAHB members can exclusively earn a $750 cash rewards bonus after spending $10,000 within 90 days after account opening.

UPDATE: The Rho savings program for NAHB members was discontinued in November 2024.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

PWB Week | Professional Women in Building Council

Sep 17, 2025

Strength in Numbers: The Power of Professional Women in Building Councils

PWB councils of all sizes are helping reshape the narrative in the home building industry nationwide, merging inspiration and education with recreation and connection.

Economics

Sep 17, 2025

Housing Starts Remain Soft Ahead of Fed Meeting

Overall housing starts decreased 8.5% in August to a seasonally adjusted annual rate of 1.31 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

View all

Latest Economic News

Economics

Sep 18, 2025

Women in Construction Reach Highest Share in Two Decades

In 2024, the number of women employed in the construction industry rose to around 1.34 million. Women now represent 11.2% of the construction workforce, the highest share in the past 20 years. This rise aligns with the growing presence of white-collar jobs in the industry.

Economics

Sep 17, 2025

The Fed Cuts and Projects More Easing to Come

After a monetary policy pause that began at the start of 2025, the Federal Reserve’s monetary policy committee (FOMC) voted to reduce the short-term federal funds rate by 25 basis points at the conclusion of its September meeting. This move decreased the target federal funds rate to an upper rate of 4.25%.

Economics

Sep 17, 2025

Housing Starts Remain Soft Ahead of Fed Meeting

Challenging affordability conditions continue to act as headwinds for the housing industry, but the sector could see lower interest rates in the near future with the Federal Reserve expected to cut short-term interest rates this afternoon.