Receipt Bank

Who Uses Receipt Bank?

SMB's, Accountants, Bookkeepers

What Is Receipt Bank?

Receipt Bank is a digital bookkeeping tool - trusted by over 360,000 businesses and 50,000+ accountants and bookkeepers. We save you and your clients time and money on their bookkeeping.

We take paperwork from all places, digitise it and make it ready for reconciliation - from supplier portals and utility providers to receipts stuffed in glove compartments.

With Receipt Bank, clients can snap, save and sort all their paperwork in seconds.

Receipt Bank Details

Receipt Bank

https://www.receipt-bank.com/

Founded 2010

Receipt Bank Pricing Overview

Receipt Bank does not have a free version but does offer a free trial.

Free Version

No

Free Trial

Yes

Deployment

Cloud, SaaS, Web

Mobile - iOS Native

Mobile - Android Native

Training

Webinars

Documentation

Support

24/7 (Live Rep)

Business Hours

Online

Receipt Bank Features

  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • Fund Accounting
  • Government
  • Nonprofits
  • Payroll Management
  • Project Accounting
  • Purchase Orders
  • Tax Management

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Receipt Bank Alternatives

More Receipt Bank alternatives

Receipt Bank Reviews

Showing 5 of 72 reviews

Overall
4.2/5
Ease of Use
4.1/5
Customer Service
3.9/5
Features
4/5
Value for Money
3.8/5
Brett G.
Owner
Used the Software for: 1+ year
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    4/5
  • Customer Support
    4/5
  • Value for Money
    4/5
  • Likelihood to Recommend
    9/10
  • Reviewer Source 
  • Reviewed on 26/7/2018

"Smart Solution to manual bookkeeping entry"

Comments: 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.

  • Reviewer Source 
  • Reviewed on 26/7/2018
Kimberly P.
Accountant
Accounting, Self Employed
Used the Software for: 1+ year
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    5/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 25/8/2020

"Fantastic. Extreme time saver! Easy integration with Quickbooks"

Comments: 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.

  • Reviewer Source 
  • Reviewed on 25/8/2020
Sam S.
Director
Airlines/Aviation, 11-50 Employees
Used the Software for: 1+ year
  • Overall Rating
    1/5
  • Ease of Use
    2/5
  • Features & Functionality
    1/5
  • Customer Support
    3/5
  • Value for Money
    1/5
  • Likelihood to Recommend
    0/10
  • Reviewer Source 
  • Reviewed on 22/4/2020

"Waste of Money"

Comments: 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.

  • Reviewer Source 
  • Reviewed on 22/4/2020
Dickson M.
accounting assistant
Higher Education, 1,001-5,000 Employees
Used the Software for: 2+ years
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    4/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 12/2/2020

"Receipt Bank review"

Comments: 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

  • Reviewer Source 
  • Reviewed on 12/2/2020
Verified Reviewer
Practice Manager
Accounting
Used the Software for: 1+ year
  • Overall Rating
    4/5
  • Ease of Use
    4/5
  • Features & Functionality
    4/5
  • Customer Support
    4/5
  • Value for Money
    3/5
  • Likelihood to Recommend
    Unrated
  • Reviewer Source 
  • Reviewed on 13/3/2018

"Useful app that makes bookkeeping much more efficient"

Pros: This software makes bookkeeping very easy, even when on the go. The mobile app is perfect for tradespeople and those on the road.
The dashboard feature is particularly useful to us a bookkeeping business as we can monitor that activity level of our clients as well as ensuring the correct uploading of their documents.

Cons: We have found ourselves paying over the odds for this software on behalf of clients whose business sees peaks and troughs in terms of activity and so some months can be charged at a higher rate because they reflect the previous month's activity, despite little to know uploads taking place in the month following. We would much prefer to pay for the software on a credit system whereby we pay for what we use.

  • Reviewer Source 
  • Reviewed on 13/3/2018