Veryfi - AI bookkeeper

Bookkeeping on auto-pilot with real-time AI mobile apps

4.9 /5 (120 reviews) Write a Review!

Veryfi - AI bookkeeper Overview

What is Veryfi - AI bookkeeper?

VERY FAST
Veryfi turns pictures of receipts and bills into data in under 3 seconds. Now you can truly throw away those paper receipts.

VERY RELIABLE
Veryfi never sleeps. Veryfi is always working for you. Machine are like that. Veryfi has been built in Silicon Valley by veterans of the industry with a focus on quality, user experience, security, and reliability.

VERY SECURE
Veryfi is the only bookkeeping AI company that is HIPAA & GDPR compliant. Veryfi is 100% machine powered end-to-end. This means no humans ever see or extract your data.

Veryfi - AI bookkeeper Overview

Pricing

Starting from
US$15.00/month

Pricing options

Free Trial
Free
Subscription
Value for money

- Unlimited document scans
- Unlimited reporting & insights
- Vehicle logbook tracking
- Sync to cloud accounting (eg. QBO, IIF)
- Backups to cloud storage
- Bank feeds & reconciliation
- Bills fetch via veryfi.cc
- Pain-free Data Migration
- 30 day money back guarantee!
and much more: https://www.veryfi.com/full-features/


Veryfi - AI bookkeeper Features

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

Media

Logbook Mileage Tracker by Veryfi used in the field by Uber driver.
Field worker scanning a receipt from hardware shop which extracts data in 3 seconds flat!
Veryfi Mobile app to manage Expenses, Receipts & Projects available on iPhone & Android.
Timesheets & Employee Scheduling app by Veryfi. App includes floor detection, geofencing & employee beacons.
HUB by Veryfi is a web interface to provide 30K feet visibility on user data.
HUB by Veryfi is a web interface to provide 30K feet visibility on user data.
HUB by Veryfi showing the scanned receipt vs data extracted. In total 73 data points are extracted inc. OCR line by line detail.
Accounting Practice Management by Veryfi for CFOs, CPAs & Bookkeepers. Accountants can earn revenue share by bringing on board clients to the Veryfi platform.
Veryfi - AI bookkeeper video Veryfi - AI bookkeeper video Veryfi - AI bookkeeper video Veryfi - AI bookkeeper video Veryfi - AI bookkeeper video Veryfi - AI bookkeeper video Veryfi - AI bookkeeper screenshot: Logbook Mileage Tracker by Veryfi used in the field by Uber driver. Veryfi - AI bookkeeper screenshot: Field worker scanning a receipt from hardware shop which extracts data in 3 seconds flat! Veryfi - AI bookkeeper screenshot: Veryfi Mobile app to manage Expenses, Receipts & Projects available on iPhone & Android. Veryfi - AI bookkeeper screenshot: Timesheets & Employee Scheduling app by Veryfi. App includes floor detection, geofencing & employee beacons. Veryfi - AI bookkeeper screenshot: HUB by Veryfi is a web interface to provide 30K feet visibility on user data. Veryfi - AI bookkeeper screenshot: HUB by Veryfi is a web interface to provide 30K feet visibility on user data. Veryfi - AI bookkeeper screenshot: HUB by Veryfi showing the scanned receipt vs data extracted. In total 73 data points are extracted inc. OCR line by line detail. Veryfi - AI bookkeeper screenshot: Accounting Practice Management by Veryfi for CFOs, CPAs & Bookkeepers. Accountants can earn revenue share by bringing on board clients to the Veryfi platform.

Veryfi - AI bookkeeper Reviews

Veryfi - AI bookkeeper Reviews

Overall rating
4.9
/
5
Excellent
104

Very good
16

Average
0

Poor
0

Terrible
0

Value for Money
4.6
Features
4.8
Ease of Use
4.8
Customer Support
4.8
100% recommended this app
Matthew S.

Excellent Support

I can't say enough how responsive, friendly, and efficient their customer/technical support has been.


Jamie S.

Smarter, not harder

[SENSITIVE CONTENT HIDDEN], answered questions/concerns, provided 1:1 training, amazing customer support, and treated our 2 employees business like we are just as important as their big construction company clients.


Jake D.

Solid Optical Reading

I have not used IQBoxy for long, but I do have some clients using it to track their business expenses. They take photos of their receipts and IQBoxy converts them to digital information and syncs with Xero Accounting Software.

So far, the information the software gathers from the receipts has proven to be both accurate and reliable, which is more than can be said for some other software I've used. It is able to pull the vendor name, date, amount, etc. and accurately sync it with Xero. I also like the expense reports and reminders to get your receipts entered. The expense reports can be printed from your computer to submit to your accountant or bookkeeper.

The one area that I find challenging is the integration with Xero. Though it transfers information well, the workflow still requires more steps than entering a transaction. Essentially, it creates an unapproved Bill in Xero for your accountant to approve (create the bill), then record a payment (or you can use the Expense Reimbursement feature of Xero the same way). To set the account and approve the bill, then create a payment to actually hit your general ledger is more steps than just creating a spend or receive money transaction. For that reason, the integration might not be the right solution for everyone, but overall, the software is accurate and helpful for tracking business expenses and keeping your receipts organized.


Ciaran H.

Excellent Resource for storing Invoices and receipts

VeryFi enable me to record my expenses and receipts on a regular basis with ease and keep my accounting documents up to date


James M.

Why you need Veryfi

See above.


Matthew S.
Industry: Veterinary
Company size: 2-10 Employees

Excellent Support

Used Daily for 6-12 months
Reviewed on 15/10/2018
Review Source: Capterra

I can't say enough how responsive, friendly, and efficient their customer/technical support has been.

Pros

Not only is the app fantastic, easy to organize and easy to use, but technical support and customer service is A+++! Any issues at all are handled promptly and professionally. It's premium features are also really reasonably priced!

Cons

The OCR and AI could use some work. I constantly am having to update the vendor due to missing or wrong information. I also had a bit of an issue importing documents from my previous solution. They all came in, but the information was lost unfortunately. It could have been done if Neat would allowed multiple CSV exports of my PDF Files, so it's not really Veryfi's fault. Neat secures you as a customer as if your documents are a prisoner. Veryfi helped free me from them!

Response from Veryfi

Matthew, thank you for your detailed review of Veryfi inc. your experience coming onboard from another provider. Love the feedback and ratings you left us. Thank you so much for the ongoing support :-)

PS. Check out our referral program https://hub.veryfi.com/referrals/

Best, Ernest (cofounder)

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Jamie S.
Industry: Internet
Company size: 2-10 Employees

Smarter, not harder

Used Daily for 1-5 months
Reviewed on 9/01/2020
Review Source: Capterra

[SENSITIVE CONTENT HIDDEN], answered questions/concerns, provided 1:1 training, amazing customer support, and treated our 2 employees business like we are just as important as their big construction company clients.

Pros

Veryfi’s Intelligent OCR (Optical character recognition) made scanning over 2,000 handwritten/printed receipts simple, convenient, and accurate data extraction effortlessly.

Cons

When using the column filters or a specific date range the filter is not saved.

Response from Veryfi

Jamie, Thank you so much for the lovely feedback! I have shared it with the team and there were smiles all round. We are grateful for the lovely private note you left. Thank you again for the support!
Best,
Ernest (cofounder)

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Jake D.
Industry: Accounting
Company size: 2-10 Employees

Solid Optical Reading

Used Weekly for 1-5 months
Reviewed on 11/11/2016
Review Source: Capterra

I have not used IQBoxy for long, but I do have some clients using it to track their business expenses. They take photos of their receipts and IQBoxy converts them to digital information and syncs with Xero Accounting Software.

So far, the information the software gathers from the receipts has proven to be both accurate and reliable, which is more than can be said for some other software I've used. It is able to pull the vendor name, date, amount, etc. and accurately sync it with Xero. I also like the expense reports and reminders to get your receipts entered. The expense reports can be printed from your computer to submit to your accountant or bookkeeper.

The one area that I find challenging is the integration with Xero. Though it transfers information well, the workflow still requires more steps than entering a transaction. Essentially, it creates an unapproved Bill in Xero for your accountant to approve (create the bill), then record a payment (or you can use the Expense Reimbursement feature of Xero the same way). To set the account and approve the bill, then create a payment to actually hit your general ledger is more steps than just creating a spend or receive money transaction. For that reason, the integration might not be the right solution for everyone, but overall, the software is accurate and helpful for tracking business expenses and keeping your receipts organized.

Pros

Accuracy in reading receipts.

Cons

Integration steps (which may not really be unique to this software).

Response from iqBoxy

Jake, thank you for your great feedback and support.

We now have web app tool for accountants & bookkeepers to manage your clients from the 1 place. Check it out => https://www.veryfi.com/accounting-practice-management/

PS. IQBoxy has a new name! VERYFI ~ Read the announcement => https://www.veryfi.com/news/iqboxy-is-now-veryfi/

Best, Ernest (cofounder)

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 7.0/10

Ciaran H.
Industry: Management Consulting
Company size: 2-10 Employees

Excellent Resource for storing Invoices and receipts

Used Daily for Free Trial
Reviewed on 16/09/2020
Review Source: Capterra

VeryFi enable me to record my expenses and receipts on a regular basis with ease and keep my accounting documents up to date

Pros

What a brilliant, expedient and simple way of recording invoices and receipts on a regular basis
Just forward any receipts and/or invoices to the app and it automatically scans and picks up the details
set your profile to a vat/tax percentage and it will also automatically separate that from the total

Cons

I would love to see the vat/tax shown at the bottom of screen reports as a separate field/column

Response from Veryfi

Love it. Thank you for your feedback and review. Please email me regarding the changes you'd like re vat/tax so we can get it into our next release schedule :-)

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 9.0/10

James M.
Industry: Construction
Company size: 11-50 Employees

Why you need Veryfi

Used Daily for 1-5 months
Reviewed on 11/08/2020
Review Source: Capterra

See above.

Pros

The AI is remarkable. It takes me no more than 30 seconds to complete all of the information and picture data for any expense item. Then I'm done. No box of receipts to organize. No wasted time. Wish this product was available years ago. I have literally spent days collecting and organizing this type of data for our CPA in past years.

Cons

The fact that it wasn't available 10 years ago.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

User recommendation
9.5/10
Based on 120 user ratings
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Veryfi - AI bookkeeper Pricing

Veryfi - AI bookkeeper Pricing

Starting from
US$15.00/month
Free Trial
Free
Subscription
Value for money

- Unlimited document scans
- Unlimited reporting & insights
- Vehicle logbook tracking
- Sync to cloud accounting (eg. QBO, IIF)
- Backups to cloud storage
- Bank feeds & reconciliation
- Bills fetch via veryfi.cc
- Pain-free Data Migration
- 30 day money back guarantee!
and much more: https://www.veryfi.com/full-features/

- Unlimited document scans
- Unlimited reporting & insights
- Vehicle logbook tracking
- Sync to cloud accounting (eg. QBO, IIF)
- Backups to cloud storage
- Bank feeds & reconciliation
- Bills fetch via veryfi.cc
- Pain-free Data Migration
- 30 day money back guarantee!
and much more: https://www.veryfi.com/full-features/

Value for Money
4.6/5
Based on 120 user ratings
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Veryfi - AI bookkeeper Features

Veryfi - AI bookkeeper 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
4.8/5
Based on 120 user ratings
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Categories

Additional information for Veryfi - AI bookkeeper

Additional information for Veryfi - AI bookkeeper

Key features of Veryfi - AI bookkeeper

  • API
  • Accounting management
  • Activity logging
  • Activity tracking
  • Audit trail
  • Automated expense input
  • Bank reconciliation
  • Currency conversion
  • Data extraction
  • Document storage
  • Duplicate detection
  • Expense claims
  • Expense tracking
  • File management
  • GPS
  • Geolocation
  • HIPAA compliance
  • Location tracking
  • Mobile receipt capture
  • PCI DSS compliance
  • Real time data
  • Receipt upload
  • SMS integration
  • Sales tax management
  • Summary reports
  • Third party integration
  • Transaction monitoring

Benefits

  • Veryfi is both HIPAA: Health Insurance Portability and Accountability Act and The General Data Protection Regulation (GDPR) compliant.

  • The iOS and Android expense apps allow users to capture photographs of receipts and automatically extracts data and logs it within the system.

  • Business-related travel can be logged with the Veryfi Logbook Mileage Tracker app which automatically tracked and records mileage while the app is running in the background of any mobile device.

  • Veryfi integrates with many third party apps including Sage One, Rippling, Dropbox, Office 365,Slack, Box, QuickBooks, Saasu, and more, to provide a synchronized experience.

  • Categorization habits are recognized and recorded through machine learning so that categorization can be automated to maximize tax deductions and avoid tax audits.

  • Veryfi - AI bookkeeper FAQs

    Veryfi - AI bookkeeper FAQs

    Below are some frequently asked questions for Veryfi - AI bookkeeper.

    Q. What type of pricing plans does Veryfi - AI bookkeeper offer?

    Veryfi - AI bookkeeper offers the following pricing plans:

    Starting from: US$15.00/month

    Pricing model: Free, Subscription

    Free Trial: Available

    - Unlimited document scans - Unlimited reporting & insights - Vehicle logbook tracking - Sync to cloud accounting (eg. QBO, IIF) - Backups to cloud storage - Bank feeds & reconciliation - Bills fetch via veryfi.cc - Pain-free Data Migration - 30 day money back guarantee! and much more: https://www.veryfi.com/full-features/

    Q. What are the main features of Veryfi - AI bookkeeper?

    Veryfi - AI bookkeeper offers the following features:

    • API
    • Accounting management
    • Activity logging
    • Activity tracking
    • Audit trail
    • Automated expense input
    • Bank reconciliation
    • Currency conversion
    • Data extraction
    • Document storage
    • Duplicate detection
    • Expense claims
    • Expense tracking
    • File management
    • GPS
    • Geolocation
    • HIPAA compliance
    • Location tracking
    • Mobile receipt capture
    • PCI DSS compliance
    • Real time data
    • Receipt upload
    • SMS integration
    • Sales tax management
    • Summary reports
    • Third party integration
    • Transaction monitoring

    Q. Who are the typical users of Veryfi - AI bookkeeper?

    Veryfi - AI bookkeeper has the following typical customers:

    Small Business, Non Profit, Freelancers, Mid Size Business

    Q. What languages does Veryfi - AI bookkeeper support?

    Veryfi - AI bookkeeper supports the following languages:

    English, Spanish

    Q. What type of pricing plans does Veryfi - AI bookkeeper offer?

    Veryfi - AI bookkeeper has the following pricing plans:

    Free, Subscription

    Q. Does Veryfi - AI bookkeeper support mobile devices?

    Veryfi - AI bookkeeper supports the following devices:

    Android, iPhone, iPad

    Q. What other apps does Veryfi - AI bookkeeper integrate with?

    Veryfi - AI bookkeeper integrates with the following applications:

    Box, Dropbox Business, Evernote, Gusto, Microsoft 365, QuickBooks Online, QuickBooks Online Advanced, Saasu, Sage Business Cloud Accounting, Xero

    Q. What level of support does Veryfi - AI bookkeeper offer?

    Veryfi - AI bookkeeper offers the following support options:

    Phone Support, Online Support, FAQs, Knowledge Base, Video Tutorials