Managing your expenses with Dext Prepare (formerly Receipt Bank)

Managing expenses is never easy and as your business grows, the hassle of managing this process grows with it. Invoices and receipts end up all over the place and the task of tracking everything down can be a nightmare.

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 Dext Prepare (formerly 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?
Dext Prepare 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 Dext 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 Dext 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.  Dext 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 Dext by using your personal Dext email, or upload directly into the software using the desktop version.

Why do we love it?
Dext 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?
Dext is for small businesses, sole traders / self employed and freelancers.  If you want to keep on top of your expenses and save time, Dext Prepare 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.

If you’re interested in Dext Prepare, you can take your subscription through The Counting House at a much reduced rate, rather than going direct.  If you’re already a subscriber, you can also switch to us, to enjoy great savings and top end functionality.

 

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