Receipt Bank Pricing, Features, Reviews & Comparison of Alternatives

Receipt Bank

Invoice, bill and receipt data extraction software

4.19/5 (75 reviews)

Receipt Bank overview

What is Receipt Bank?

Receipt Bank takes the hassle out of your expenses!

Receipt Bank converts those annoying bits of paper – receipts & invoices – into data you, and your company, can use.

Receipt Bank gathers your receipts, scans them and processes them. We then publish your receipt data to the person or software that needs it.

Receipt Bank cuts the cost and time of dealing with receipts and expenses!
www.receipt-bank.com

Pricing

Pricing options
Free
Subscription
Free trial
Value for money

Devices

Business size

S
M
L

Markets

United States, Canada, United Kingdom, Australia

Supported languages

English
Receipt Bank screenshot: Receipt-bank-screenshotWhat is Receipt Bank?Receipt Bank screenshot: receipt-bank-screenshot-2Receipt Bank screenshot: receipt-bank-screenshot-3Receipt Bank Step By Step

Receipt Bank user reviews

Value for money
Features
Ease of use
Customer support
  3.8
  4.0
  4.1
  3.8
Brett Goodlin

Smart Solution to manual bookkeeping entry

Used daily for 1-2 years
Reviewed 2018-07-26
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Kimberly Prioletti

Fantastic. Extreme time saver! Easy integration with Quickbooks

Used daily for 1-2 years
Reviewed 2020-08-25
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Sam Smith

Waste of Money

Used daily for 1-2 years
Reviewed 2020-04-22
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 0/10

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Shan Lu

A must-have product for your book management

Used daily for 2+ years
Reviewed 2020-09-29
Review Source: Capterra

Receipt bank is a great tool for business owners and accountants. It archives the supports on the cloud. Therefore, when it comes to an audit, the support could be easily pulled.

Pros
Receipt Bank is easy to track bills and receipts and useful to publish into accounting software. Also, Receipt Bank could assign different roles among users, which saves time for review and approval of reimbursable expenses. Last but not least, it keeps adding features like bank statement fetch, which creates efficiency for bank reconciliation.

Cons
If bills or receipts are denominated in foreign currency, the exchange rate used by Receipt Bank is different from that by Accounting Software. To have a consistent rate across the book, we have to manually refresh the bill date to have a consistent exchange rate.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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dickson makombe

Receipt Bank review

Used daily for 2+ years
Reviewed 2020-02-12
Review Source: Capterra

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Receipt Bank features

API
Invoice Management

Accounting Integration (179 other apps)
Accounting Management (200 other apps)
Activity Dashboard (252 other apps)
Audit Trail (150 other apps)
Automatic Notifications (178 other apps)
Billing & Invoicing (202 other apps)
Compliance Management (208 other apps)
Customizable Reporting (177 other apps)
Data Import/Export (199 other apps)
Electronic Payments (185 other apps)
Expense Tracking (171 other apps)
Financial Analysis (145 other apps)
Invoice Processing (162 other apps)
Multi-Currency (177 other apps)
Real Time Data (157 other apps)
Reporting & Statistics (289 other apps)
Third Party Integration (233 other apps)
Workflow Management (168 other apps)

Videos and tutorials

Additional information for Receipt Bank

Key features of Receipt Bank

  • Post-in your receipts and invoices for processing
  • Email-in your receipts and invoices for processing
  • Upload your receipts and invoices for processing
  • Your receipts and invoices safely stored as scanned images
  • Your receipts and invoices sorted and searchable
  • Your receipts/expenses data available for export/sharing
  • Your receipts/expenses data published into other software
  • iOS and Android apps.
View All Features

Benefits

Receipt Bank reduces the time and cost of processing your receipts, invoices and expenses.