Once you’ve found all those pesky bits of paper, then starts the arduous task of inputting them manually into whatever system you use, or you stuff them into that shoebox to take to your Accountant at your quarter or year end. It’s all far from ideal and you run the risk of losing out by not capturing everything. Well you’ll be pleased to know that it doesn’t have to be that way. Using Receipt Bank means you can just snap a picture of your invoice or receipt and once you hit the submit button, you can get rid of your paper copy and leave this amazing app to do all the work for you.
WHAT DOES IT DO?
Receipt Bank captures a digital image of your receipt or invoice. It then digitally scans it and extracts the key information and allows you to publish it to your cloud accounting software or download to a CSV. You can share Receipt Bank with your accountant or bookkeeper for easier collaboration. You can even add your team, setting your preferred access level for each member.
HOW DOES IT WORK?
The most popular way to use Receipt Bank is via the mobile app. You simply take a picture of your receipt or invoice, add a brief description if required and then click submit. Receipt Bank then extracts all the data and stores a copy of the digital image should you need to download it later.
You can also email invoices directly into Receipt Bank by using your personal Receipt Bank email, or upload directly into the software using the desktop version.
WHY DO WE LOVE IT?
Receipt Bank is great whether you take care of your own bookkeeping or work with a bookkeeper or accountant. As it helps keep track of required paperwork, automates to save time and is pretty much paperless. It integrates seemlessly with cloud accounting software and has 256-bit SSL security.
WHO IS IT FOR?
Receipt Bank is for small businesses, sole traders / self employed and freelancers. If you want to keep on top of your expenses and save time, Receipt Bank delivers on both and much more.
It work whether you use cloud accounting software or not and is a great start if you are considering moving to the cloud in the future, especially with Making Tax Digital coming in early 2019.
If you’re interested in Receipt Bank and would like more information, please get in touch by either phone or email, we’d be more than happy to answer your questions. You can also book a demonstration and we’ll show you just how receipt bank can help you.
If you enjoyed this article, please feel free to share it on your favorite social media sites.
As a Receipt Bank Partner we offer reduced rate subscriptions and periodically have special offers for you to take advantage of. If you’d like to find out more take a look at our subscriptions and current offers here.