What is Greenback?
Greenback automatically syncs original & itemized receipts from the companies you do business with. We asked them 8 questions, as a part of our “What Is” blog series, to learn more about their app and their company.
What is your App’s name, what do you do, & when did you get published on Intuit’s Apps.com?
Greenback syncs transactions directly from vendors like Amazon, Home Depot, Delta, eBay, and more to your QuickBooks Online account. Greenback automatically captures original, 100% accurate, and fully itemized receipts for your business – eliminating the need for email, scans, photos, or manual data entry. Greenback published its QuickBooks app in late April 2017.
What was the main problem you were trying to solve when you first developed Greenback?
Bank and credit card statements give you virtually no insight into what you purchased and how you should categorize it. Plus, during an audit, you’ll still want to have the original receipt. Why manually enter data or attach receipts in QuickBooks if you can get fully itemized transactions directly from the vendor? Connected accounting with Greenback is your solution. For example, rather than simply knowing how much you spent at Amazon on a given date, we wanted all the details of a purchase (line items, products, tracking numbers, etc.) to be automatically extracted and synced to QuickBooks – it’s essentially receipts with an IQ and 100% accuracy.
What companies (or users) are the best fit for Greenback?
We focus on small business owners, bookkeepers, and accountants. Anyone who purchases from Amazon, Home Depot, Delta, eBay, and more can save time, money, and improve tax compliance with our app. Greenback simplifies the verification process in Quickbooks by automatically matching transactions, reconciling data from statements, and attaching the receipt for you.
Tell us about your users’ top 3 favorite features or benefits of Greenback.
Our users’ favorite features include:
Intelligent Syncs that generate new, enhanced transactions for you, prevent duplicates, and match and enhance existing transactions. Greenback gets smarter every time you sync more data.
Automation that saves you time (populates and categorizes transactions for you), increases productivity, and automates tax compliance. There’s no need to snap photos or save PDFs of your purchases.
Fully Extracted Receipts that are 100% accurate (direct from the source). Receipt data enables awesome search with a Google-like interface (e.g. find transactions paid with your Visa ending in 1234 or a specific product you bought).
Tell us about your company’s culture and leadership.
Greenback was founded by an executive team with years of experience building and engineering secure and highly reliable financial services. They are fanatical about connected accounting and small business – so much so that Greenback’s CEO Joe Lauer was appointed by Michigan’s governor to serve on its 21st Century Economy Commission.
How is Greenback different from your competitors?
Greenback is the only app on the market that automatically extracts absolutely every detail of your purchase and syncs it to QuickBooks – they are receipts with an IQ. While other receipt solutions use OCR or human checkers to extract amount, date, and vendor name from snapped photos or uploaded PDFs, they either can’t be 100% accurate or can’t include line items. As the only app with such granular data, Greenback can power some uniquely intelligent features such as auto categorizing a purchase based on the product you bought or syncing transactions shipped to a particular address. The possibilities are endless.
What is the pricing for Greenback?
Does Greenback have any programs for Quickbooks ProAdvisors?
At this time we don’t, but we are researching what would benefit ProAdvisors the most. Feel free to reach out to us or comment on this post about what benefits you would look for in a ProAdvisor program.
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