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Spend Sync
Spend Sync
ISSN No:-2456-2165
Spend Sync
Charu C A C. Vairavel
Undergraduate Student Assistant Professor
Department of CSE (CTMA) Department of CSE (CTMA)
Jain (Deemed-to-be University) Jain (Deemed-to-be University)
Bangalore-562112 Bangalore-562112
Abstract:- SpendSync, a financial game-changer, leverages developed using Kotlin and XML, this app allows manual
cloud technology to liberate users from tedious manual expense input and auto-detection of bank messages. Notably,
data entry. Its sleek interface effortlessly captures it provides users with visual representations of expenses via
transaction specifics, ensuring real-time financial insights. Pie Charts across different time frames, fostering efficient
At its core, SpendSync employs the "Naive Bayes" financial management aided by Firebase for data persistence.
classifier to autonomously categorize expenses, marking a
seismic shift from laborious data input. It's intelligent Gupta (2023)[2] proposed the "Income and Expense
algorithms continuously learn from user interactions, Tracker System," a holistic financial management solution
refining its categorization accuracy. Its intuitive design enabling users to effortlessly monitor their daily, weekly,
streamlines financial management, enhancing user control monthly, and yearly expenses and income. The system offers
and fostering proactive financial decisions. In this digital customizable views, budget tracking, and insightful
dawn, it empowers users with immediate, hands-free visualizations, empowering users to exercise control over their
financial mastery, ushering in an age of effortless financial finances and achieve their goals securely stored in a local
stewardship. database with cutting-edge technology.
Keywords:- Spendsync, Cloud Technology, Naive Bayes Pandey et al. (2023)[3] introduced the Xpense Tracker,
Classifier, Autonomous Expense Categorization, Hands-Free an advanced application employing OCR and machine
Financial Mastery. learning for receipt classification. Users can customize
spending categories and set budget limits, while the app aids
I. INTRODUCTION in monitoring and analyzing spending patterns through receipt
scanning, catering to users of all demographics.
SpendSync is a pioneering tool reshaping personal Gupta et al. (2020)[4] developed "Expense Tracker," a
finance by automating expense tracking. Using cloud computerized solution aimed at daily expense management for
technology, it ditches manual data entry for a sleek interface Windows users. Utilizing Java and MySQL, it offers a user-
that effortlessly logs transactions. Its goals are clear: offer friendly GUI application for income-expenditure control,
real-time insights, classify expenses hands-free, and empower allowing users to track expenses by day and category, thereby
users with easy-to-understand analytics through intuitive reducing manual record-keeping efforts.
graphs. This innovation liberates users from tedious tasks,
embracing a digital era where financial control is immediate In a similar vein, Velmurugan et al. (2020) [5]
and effortless. SpendSync’s standout features include its user- introduced the Expense Manager Application, a mobile
friendly design, accuracy in transaction recording, instant platform offering comprehensive features for managing
updates, secure data storage, and customizable expense personal and group expenses. Beyond expense tracking, it
categories. It stands out among similar tools by focusing on provides insights into investment options, stock market trends,
simplicity and accessibility, aiming to revolutionize how financial news, and market offers, enabling users to make
people manage their finances. informed budget decisions while simplifying data handling
issues.
II. LITERATURE SURVEY
III. PROPOSED METHODOLOGY
Several studies have delved into the realm of expense
tracking applications, each offering unique features and SpendSync introduces a paradigm shift in expense
functionalities to cater to the diverse needs of users. Thakare tracking by harnessing cloud technology, specifically the
et al. (2023)[1] introduced an Expense Tracker mobile app Firebase Realtime Database, to revolutionize financial
leveraging the Naive Bayes algorithm, facilitating expense management. This cutting-edge system eradicates manual data
classification. Compatible with Android devices and entry through seamless automation. Its intuitive interface
Fig 1: Flowchart
V. RESULT REFERENCES
SpendSync's implementation revolutionizes expense [1]. Raj Thakare, Ninad Thakare, Raj Sangtani, Shubham
management through automated transaction categorization and Bondre, Amitkumar Manekar, Expense Tracker
real-time insights provision. Its intuitive interface ensures Application using Naive Bayes, SSRG International
accurate transaction capture, fostering financial awareness. Journal of Recent Engineering Science Volume 10 Issue
Leveraging the Firebase Database enables seamless data 3, 50-56, May-Jun 2023
synchronization across multiple devices. The Naive Bayes [2]. Shivani Gupta, Impact of Income and Expense Tracker
Classifier's accuracy in expense categorization minimizes on Human Life, International Journal of Innovative
manual intervention. Stringent security protocols guarantee Science and Research Technology, Volume 8, Issue 5,
data confidentiality, while downloadable Excel reports and May 2023
visual representations provide versatile analytical tools for [3]. Mr. Achintya Pandey, Harsh Vardhan, Ishank Verma,
examining financial trends, positioning SpendSync as a top- Sushank Pathak, Subhdeep Kushwah, XPENSE
tier solution for streamlined and comprehensive personal TRACKER: AN EXPENSES TRACKING
finance management. APPLICATION USING OCR AND MACHINE
LEARNING, Volume:05/Issue:05/May-2023
VI. CONCLUSION [4]. Hrithik Gupta, Anant Prakash Singh, Navneet Kumar
and J. Angelin Blessy, Expense Tracker: A Smart
SpendSync represents a transformative leap in personal Approach to Track Everyday Expense, December 25,
finance management, redefining how individuals track, 2020
understand, and control their expenses. By harnessing cutting- [5]. Velmurugan A, Albert Mayan J, Niranjana P and Richard
edge technology like cloud-based storage, intuitive interfaces, Francis, EXPENSE MANAGER APPLICATION,
and machine learning algorithms, SpendSync addresses the Journal of Physics: Conference Series, 2020
limitations of existing systems. Its seamless automation [6]. Clinton Laishram, Design and Development of an
minimizes manual input, providing real-time insights, secure Expenses Tracker App using the Flutter Framework,
data storage, and effortless categorization. SpendSync Amity Journal of Computational Sciences, 2023
empowers users with immediate, actionable financial mastery, [7]. Hezretov, Malikberdi, Budget Tracker Highly
facilitating informed decision-making and proactive financial Customizable Budgeting Mobile Application,
stewardship. SpendSync stands as a beacon, ushering in an era 2016/MIT/094
of accessible, efficient, and empowered financial management [8]. Bao Vu, The Design and Implementation of Web Based
for individuals. Expense Tracking Application, May 2013