What is Receipt Bank?

What is Receipt Bank?About Receipt Bank

Receipt Bank is the #1 leading pre-accounting tool for accountants, bookkeepers and small businesses. Eliminate hours of paperwork and manual data entry for more time to focus on what matters. Work smarter, grow faster and go further. 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 your company start?

Receipt Bank is the easiest way to get your financial data into QuickBooks. We were born in 2011 with the vision of helping accountants and bookkeepers add more value for their clients and their practices.

We automate the collection and processing of your expense documents, from receipts, bills and recurring invoices, managing it securely online on a cloud-based system. All accountants need to do is review the information and publish to QuickBooks. This means no more paper, no more manual data entry, and happier clients with real-time client data.

What was the main problem you were trying to solve when you first developed Receipt Bank?

Accountants, bookkeepers and their clients waste hundreds of hours storing, organizing and processing paper receipts and invoices. Manual data entry is time-consuming, tedious and prone to human error. Receipt Bank solves that problem. Our product is designed to give you that time back. Clients can focus on their business, and accounting and bookkeeping firms can add more value to their current services.

What companies (or users) are the best fit for Receipt Bank?

Every business needs up-to-date financial information to run efficiently. Our solution is ideal for any accounting firm, bookkeeping practice or small business that handles expenses data, whether for compliance, advisory or tax purposes. Ultimately, if you have business expenses and want to save time and money, this tool is for you.

Tell us about your users’ top 3 favorite features or benefits of Receipt Bank.

  • Quick and Simple Item Submission: Receipt Bank includes a free mobile app for your clients, which they can use to submit photos of receipts alongside other submission of methods.
  • SMS Invite: Moving your clients to the cloud can be tricky. To make onboarding new clients as easy as possible, you can use Receipt Bank to send a text message to your clients inviting them to download the free app.
  • Invoice Fetch: This feature means your clients no longer have to log into their accounts, download recurring expenses such as mobile phone and electricity bills then send them to you. Instead, a list of client suppliers can be linked with your client’s Receipt Bank account to save your clients and you time chasing for documents.

Tell us about your company’s culture and leadership.

At Receipt Bank, our guiding values are curiosity, helpfulness and purpose. We are committed to helping our users get time back so they can focus on what matters, whether that’s growing a business or spending more time with family. Our mission is to improve what we do every day. This is reflected not only in our technology but in the support and training we provide for our users.

How is Receipt Bank different from your competitors?

As the world’s leading pre-accounting platform, we have invested heavily in the quality of our service. Our data extraction system now processes over a million receipts and invoices every week with the highest speed and accuracy of any app. This meets a bookkeeping tool-set with training, materials and a team on-hand to help onboard your clients, plus a fixed pricing that is unlimited to the number of clients or data you use each week.

What is the pricing for Receipt Bank?

Receipt Bank offers tailored pricing, depending on the size and needs of your firm. Our monthly prices are fixed, with unlimited clients and usage for your firm. You can find out more by booking a consultation with our team.

Does Receipt Bank have any programs from #QuickBooks ProAdvisors?

Receipt Bank partners using QuickBook receive a custom dashboard, plus dedicated account managers and specialist software training.

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