Receipt Bank Overview
What is Receipt Bank?
With Receipt Bank, you can deliver more billable work with more insights from more data.
Pull cost data from over 1,400 client suppliers from PayPal, Amazon, Tripcatcher and more.
Automatically sort and categorise with smart supplier rules.
Match paperwork with cost data through bank connections for reconciliation.
Use Receipt Bank’s smart tools to analyse tax, payment timing and talk to your clients about cash flow, all in real time.
50,000 accountants and bookkeepers around the globe trust Receipt Bank with their clients’ finances and growth.
Receipt Bank Overview
Pricing
Pricing options
Receipt Bank Features
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Receipt Bank Reviews
Receipt Bank Reviews
Smart Solution to manual bookkeeping entry
Time. This saves time . It also provides peace of mind.
Fantastic. Extreme time saver! Easy integration with Quickbooks
I have several clients that I have signed up to use Receipt Bank and they are all satisfied. Customer service is better than their competitors! I look like a hero to my clients that now use Receipt Bank!
Waste of Money
Ended up wasting more time then it was worth.
Not cheap either.
A must-have product for your book management
Receipt bank is a great tool for business owners and accountants. It archives the supports on the cloud. Therefore, when it comes to an audit, the support could be easily pulled.
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Smart Solution to manual bookkeeping entry
Pros
The AI behind this software is smart and adaptive. The OCR recognition can identify the debit/credit card used on a submitted receipt and match that receipt payment to the specific bank account in your accounting software so you can avoid sending payments to the wrong account. For accounting firms, the bundled pricing is a great value to share with your clients. It does not just push the data to your accounting software, but will search your transactions in the software to try to find matches and will sync up the payments with ease.
Cons
While they are doing good with the fetch option for online invoices (they can pull the statements and invoices from online billers, such as cell phone or internet), they do not have the capability, currently, to pull bank statements. Add this feature and we have an unmatched solution to this expense capture sector in my opinion.
Fantastic. Extreme time saver! Easy integration with Quickbooks
I have several clients that I have signed up to use Receipt Bank and they are all satisfied. Customer service is better than their competitors! I look like a hero to my clients that now use Receipt Bank!
Pros
I recommend to my accounting clients as a quick way to get their expenses recorded. Take a picture of the receipt with your phone and auto publish straight into Quickbooks. Game changer for small businesses that still use the shoe box method! It is a very easy integration with Quickbooks online! Very cost efficient for small businesses.
Cons
May not be the best choice for larger businesses with multi level approval of expense reports. I have not signed up a larger client so it may be fine, but I do not think it has this feature.
Receipt Bank makes accounts payables a breeze
Pros
Expense reports allow for multiple line items and attachments to each saving time with reconciliation
Approval tier for expense reports for compliance
Matching invoices/receipts to Quickbooks softare when transaction located makes it easy
Cons
Does not download statements, e-transfer details, or cheque images from financial institution like Hubdocs
Waste of Money
Ended up wasting more time then it was worth.
Not cheap either.
Pros
Photo recognition is very accurate and customer service is helpful and existant.
Cons
Where do i start. The system is very clunky, looks great from the outside but there are better solutions out there especially for the price. Upload a reciept and approve it. Then wait 24 hours for it to enter your accounting software. Nightmare when your trying to reconcile.
Doesnt link with QB Projects so have to go into each reciept in QB and add project. This defeats the whole purpose of the app. Oh and you have to wait for it to push to QB.
A must-have product for your book management
Receipt bank is a great tool for business owners and accountants. It archives the supports on the cloud. Therefore, when it comes to an audit, the support could be easily pulled.
Pros
Receipt Bank is easy to track bills and receipts and useful to publish into accounting software. Also, Receipt Bank could assign different roles among users, which saves time for review and approval of reimbursable expenses. Last but not least, it keeps adding features like bank statement fetch, which creates efficiency for bank reconciliation.
Cons
If bills or receipts are denominated in foreign currency, the exchange rate used by Receipt Bank is different from that by Accounting Software. To have a consistent rate across the book, we have to manually refresh the bill date to have a consistent exchange rate.
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Receipt Bank Pricing
Receipt Bank Pricing
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Receipt Bank Features
Receipt Bank Features
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Additional information for Receipt Bank
Additional information for Receipt Bank
Key features of Receipt Bank
- Email-in your receipts and invoices for processing
- Post-in your receipts and invoices for processing
- Upload your receipts and invoices for processing
- Your receipts and invoices safely stored as scanned images
- Your receipts and invoices sorted and searchable
- Your receipts/expenses data available for export/sharing
- Your receipts/expenses data published into other software
- iOS and Android apps.
Benefits
Reduce hours on manual data entry. Redirecting resource to other areas of the business can increase client to staff ratio 20%.
Manage client workflows around deadlines. Spot potential backlogs to deploy resource in the most efficient way.
Plan valuable resource with high-demand clients. Allocate the right people, so tasks are completed first time, without duplication.
Give more client time back to your most valuable advisors. You could take on 50% more clients.
Receipt Bank FAQs
Receipt Bank FAQs
Below are some frequently asked questions for Receipt Bank.
Q. What type of pricing plans does Receipt Bank offer?
Receipt Bank offers the following pricing plans:
Pricing model: Subscription
Free Trial: Available
Q. What are the main features of Receipt Bank?
Receipt Bank offers the following features:
- Email-in your receipts and invoices for processing
- Post-in your receipts and invoices for processing
- Upload your receipts and invoices for processing
- Your receipts and invoices safely stored as scanned images
- Your receipts and invoices sorted and searchable
- Your receipts/expenses data available for export/sharing
- Your receipts/expenses data published into other software
- iOS and Android apps.
Q. Who are the typical users of Receipt Bank?
Receipt Bank has the following typical customers:
Small Business, Large Enterprises, Freelancers, Mid Size Business
Q. What languages does Receipt Bank support?
Receipt Bank supports the following languages:
English
Q. What type of pricing plans does Receipt Bank offer?
Receipt Bank has the following pricing plans:
Subscription
Q. Does Receipt Bank support mobile devices?
Receipt Bank supports the following devices:
Android, iPhone
Q. What other apps does Receipt Bank integrate with?
Receipt Bank integrates with the following applications:
Clear Books Accounting, Dropbox Business, FreeAgent, FreshBooks, Gusto, KashFlow, MYOB Essentials, QuickBooks Online, WorkflowMax, Xero
Q. What level of support does Receipt Bank offer?
Receipt Bank offers the following support options:
FAQs, Knowledge Base, Phone Support
Time. This saves time . It also provides peace of mind.