Objective:

To build a mobile application that enables users to track, analyze, and manage their daily expenses, income, and budgets efficiently. The app will provide smart features like receipt scanning via OCR, budget insights, and visual reports to promote better financial habits.

Target Users:

• Individuals wanting to track personal expenses

• Students managing limited budgets

• Freelancers needing quick financial summaries

• Small business owners monitoring daily spending

Core Features:

1. User Authentication

• Sign up / Login via email or social logins (Google, Apple)

• Secure authentication (Firebase Auth or OAuth)

• Forgot password & account recovery

2. Add Income/Expenses

• Manual entry: title, category, amount, date, description

• Add recurring expenses/income (e.g., salary, subscriptions)

• Set reminders for bill payments

3. Receipt Scanning via OCR

• Scan paper receipts using phone camera

• Auto-extract merchant name, date, and total

• Allow manual corrections and saving the scanned image

4. Budget Management

• Set monthly budgets by category (e.g., Food, Travel)

• Alerts when nearing or exceeding budget

• Show remaining balance in each category

5. Reports & Analytics

• Pie and bar charts for income/expense breakdowns

• Daily, weekly, monthly views

• Export data to CSV, Excel, or PDF

6. Cloud Sync & Offline Support

• Auto-sync data to cloud (Firebase or custom backend)

• Local storage with SQLite for offline usage

7. Dark Mode and Themes

• Light/Dark theme toggle

• Custom color themes for better UX

8. Notifications

• Reminders for bill due dates

• Budget alerts

• Weekly summaries

Advanced Features (Optional but Impactful):

• Multi-currency support

• Spending forecast using AI

• Savings goal tracker

• Data backup and restore

• Biometric login (Face ID, fingerprint)