What is Receipt Bank? Receipt Bank is an award-winning AI and automation technology that allows its users to simply take a picture of a receipt or invoice and the app automatically extracts the key elements out and uploads them in to your accounting software — saving you hours of data entry.
The software is used by over 5,000 accounting and bookkeeping firms and tens of thousands of small businesses around the world. Receipt Bank saves their clients time and money while offering them an effortless bookkeeping solution and real-time accounting.
Receipt Bank Benefits
All you need to do is take a picture of their receipt and the app extracts all of the key data out from the image automatically.
No paper. No data entry. No sweat.
Business owners around the world are also making the move to Receipt Bank as it means they don’t have to store all their old receipts and manually input the data into their accounting software (like Xero).
Everything is stored in the cloud and vital information such as the date, vendor information, amount and GST is automatically extracted from the image with great accuracy.
All that you need to do is review the data and submit.
Receipt Bank found that on average, the app saves their clients up to four hours per week on data entry – that is easily $120 of bookkeeping time each week – we know how business owners hate paperwork!
Receipt Bank + Xero = Easy
Receipt Bank works seamlessly with Xero. Receipt Bank and Xero work hand-in-hand to bring you a comprehensive accounting solution.
As Xero's largest and best reviewed app partner, Receipt Bank helps thousands of accounting firms and businesses around the world save hours on their bookkeeping tasks by scanning receipts straight into Xero.
Talk to us about our preferential Receiptbank pricing for Xero users.
At Engine Room Chartered Accountants Tauranga and Pukekohe we keep up-to-date with the latest and greatest accountancy software which means that we help to improve the efficiency of all of our clients.
If you're struggling to run your business effectively or if you're beginning to notice some worrying trends, contact us at Engine Room today and let's talk about how we can improve your processes and streamline your business.
Give us a call on 0800 236 446 for a no obligation chat.