Daily Expense Tracker in PHP

Maintaining your daily expenses manually by entering all the details of the items purchased can often feel like an intimidating task. This research discusses the difficulties in budget tracking and suggests a fresh budget tracking program to simplify difficulties such as maintaining the expenses manually using pen and paper, spreadsheet or a diary. Departing from these traditional manual approaches the authors have proposed an innovative solution for this tedious task. In this research paper, we have proposed an automated system that combines Optical Character Recognition and Machine Learning to tackle the challenges associated with transforming physical bills into digital format. The key feature of the application includes optical character recognition which will scan the bill and extract all the items present on the bill and automatically categorize the items into various categories where the item belongs. The application also provides some additional features such as future expense prediction and a detailed report generation. In this study, authors emphasizes the significance of effective budget tracking in the modern world and offers a creative solution by creating a user-centered budget tracking application. We hope that by meeting the needs of the average customer and providing a flawless experience, our application can considerably enhance people’s financial well-being.