Receipt Bank

Receipt Bank: Automated Bookkeeping Software for Small Businesses

Receipt Bank helps small businesses and accountants streamline financial data entry with OCR technology, scanning paper and digital receipts, extracting key information, and matching transactions to categories.

What is Receipt Bank?

Receipt Bank is cloud accounting software designed to eliminate manual data entry by automatically capturing information from receipts and bills. It uses advanced optical character recognition (OCR) and machine learning technology to scan both paper documents and digital files such as PDFs, photos, and emails to extract key details like amounts, dates, vendors, and more.

Once the data has been read and extracted from source documents, Receipt Bank matches the information to predefined categories for easy coding. It also suggests new categories as new vendors appear on documents. This helps businesses and accountants alike streamline and automate what would otherwise be a tedious, manual bookkeeping process.

In addition to revolutionizing transactional data capture and categorization, Receipt Bank seamlessly integrates with over 300 major accounting platforms including QuickBooks Online, Xero, Sage Accounting, and more. This allows the extracted financial data to flow directly into appropriate software programs without rekeying.

By taking a highly manual, repetitive task like bookkeeping data entry and making it digital and automated, Receipt Bank saves accountants and small business owners significant time that can be reallocated to more strategic, value-added initiatives. The end-to-end solution also reduces human error that occurs with manual data entry.

Receipt Bank Features

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