Receipt Bank

Invoice, bill and receipt data extraction software

4.2 /5 (75 reviews) Write a Review!

Receipt Bank Overview

What is Receipt Bank?

Receipt Bank takes the hassle out of your expenses!

Receipt Bank converts those annoying bits of paper – receipts & invoices – into data you, and your company, can use.

Receipt Bank gathers your receipts, scans them and processes them. We then publish your receipt data to the person or software that needs it.

Receipt Bank cuts the cost and time of dealing with receipts and expenses!

Receipt Bank Overview

Pricing

Starting from
N/A

Pricing options

Free Trial
Free
Subscription
Value for money

Receipt Bank Features

Devices
Business size
S M L
Markets
United States, Canada, United Kingdom, Australia
Supported Languages
English

Media

Receipt-bank-screenshot
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Receipt Bank video Receipt Bank video Receipt Bank screenshot: Receipt-bank-screenshot Receipt Bank screenshot: receipt-bank-screenshot-2 Receipt Bank screenshot: receipt-bank-screenshot-3

Receipt Bank Reviews

Receipt Bank Reviews

Overall rating
4.2
/
5
Excellent
37

Very good
25

Average
7

Poor
2

Terrible
4

Value for Money
3.8
Features
4
Ease of Use
4.1
Customer Support
3.8
83% recommended this app
Brett G.

Smart Solution to manual bookkeeping entry

Time. This saves time . It also provides peace of mind.


Kimberly P.

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!


Sam S.

Waste of Money

Ended up wasting more time then it was worth.

Not cheap either.


Shan L.

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.


Dickson M.

Receipt Bank review

the ability to upload your bills, receipts, invoices and bank statements from your phone makes it easy to work even out of office. This can be integrated into your accounting software that you use seamlesly without any hussles.


Brett G.

Smart Solution to manual bookkeeping entry

Used Daily for 1+ year
Reviewed on 26/07/2018
Review Source: Capterra

Time. This saves time . It also provides peace of mind.

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 9.0/10

Kimberly P.
Industry: Accounting
Company size: Self Employed

Fantastic. Extreme time saver! Easy integration with Quickbooks

Used Daily for 1+ year
Reviewed on 25/08/2020
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Sam S.
Industry: Airlines/Aviation
Company size: 11-50 Employees

Waste of Money

Used Daily for 1+ year
Reviewed on 22/04/2020
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 0.0/10

Shan L.
Industry: Accounting
Company size: 11-50 Employees

A must-have product for your book management

Used Daily for 2+ years
Reviewed on 29/09/2020
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Dickson M.
Industry: Higher Education
Company size: 1,001-5,000 Employees

Receipt Bank review

Used Daily for 2+ years
Reviewed on 12/02/2020
Review Source: Capterra

the ability to upload your bills, receipts, invoices and bank statements from your phone makes it easy to work even out of office. This can be integrated into your accounting software that you use seamlesly without any hussles.

Pros

you can use it for free and very easy to use when extracting data that you require and it is a very good fit small businesses and you can do your work at home on your fone, laptop through your email and integrate when you are at work

Cons

It may be costly in the long run if amount of transactions increases with the growing of the business as the cost is related to amount of transactions that you undertake

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

User recommendation
8.2/10
Based on 75 user ratings
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Receipt Bank Pricing

Receipt Bank Pricing

Starting from
N/A
Free Trial
Free
Subscription
Value for money
Value for Money
3.8/5
Based on 75 user ratings
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Receipt Bank Features

Receipt Bank Features

API
Accounting Integration
Accounting Management
Activity Dashboard
Audit Trail
Automatic Notifications
Billing & Invoicing
Compliance Management
Customisable Reporting
Data Import/Export
Electronic Payments
Expense Tracking
Financial Analysis
Invoice Management
Invoice Processing
Multi-Currency
Real Time Data
Reporting & Statistics
Third Party Integration
Workflow Management
Features
4/5
Based on 75 user ratings
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Categories

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

Receipt Bank reduces the time and cost of processing your receipts, invoices and expenses.

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: Free, 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:

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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:

Free, 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