Excellent, the only receipts app I could find that is easy to start with, yet feature rich, fast and customizable. Create a folder (called log) i.e. Q1. Then start entering receipts! As a European I was pleased to see scheduled downloads of exchange rates and VAT support.
My company does not want fancy reports, they pay after handing in data in a format they can process. The supported comma separated format is fully customizable (field sequence/included). I email that to my boss. The email even can include receipt photos with linked file name references in the CSV (spreadsheet).
Always on not needed. it's all done on the iPhone. Backup or email supported.