Receipt Bank

Receipt Bank

4 / 5 25 reviews

Who Uses This Software?

SMB's


Average Ratings

25 Reviews
  • 4 / 5
    Overall
  • 4 / 5
    Ease of Use
  • 4 / 5
    Customer Service

Product Details

  • Starting Price
    $15.00/month
  • Pricing Details
    Single user - $15/month for 50 items Multi-user - $25/month
  • Free Trial
    Yes
  • Deployment
    Cloud, SaaS, Web
    Mobile - Android Native
    Mobile - iOS Native
  • Training
    Documentation
    Webinars
  • Support
    Online
    Business Hours
    24/7 (Live Rep)

Vendor Details

  • Receipt Bank
  • www.receipt-bank.com/
  • United Kingdom

About Receipt Bank

Receipt Banks is an accounting and bookkeeping software for small businesses that eliminates data entry and automates manual tasks


Receipt Bank Features

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

Receipt Bank Reviews Recently Reviewed!


Poor product and poor customer service.

May 30, 2018
1/5
Overall
1 / 5
Ease of Use
1 / 5
Features & Functionality
1 / 5
Customer Support
1 / 5
Value for Money

Pros: Great idea, if it worked (would be really quick and easy to use), and if it had decent customer service (so when things go wrong they are easy to sort out), but it doesn't and they don't.

Cons: Can't upload receipts separately.
I have 2 taxi receipts for the same day for the same amount (as I rounded them both up) despite the receipts looking completely different (one with about 2 lines of writing, the other with 6) Receipt Bank keep combining the receipts into one, and then deleting new versions when I try to upload them separately.

Apparently, it isn't an issue with the product because they match, supplier, date and amount but bear in mind they choose the supplier and set them both ton Taxi (whereas I would have been more specific).

They send me a link to sort it out, but the link went nowhere and ended in Oops, you've taken a wrong turn.

Now they have stopped replying.

Poor product and poor customer service.

Finally accounts are paperless

Apr 30, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: This app saves so much time and messing about with recipes and invoices when you are doing accounts. It is very easy to use with the iPhone app, online and via email. Whenever I buy something I can just take a photo of the receipt in the app upload it and forget about it. I can also email receipts for online purchases directly to my receipt bank account.
The system then picks out all the information and passes to my accounts software (Xero) I don't have to worry about loosing receipts or searching for emailed invoices. It saves me loads of time and avoid boxes of receipts at the end of the year.

Cons: I don't really have any downsides to this product does what it says on the tin easy to use and reliable.

Receipt Bank is very good HubDoc alternative. May be it is better.

Apr 22, 2018
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
Likely
Extremely
Likely

Pros: Document recognizing quality. Branded mobile application. Good additional (for extra money) futures.

Cons: Price may be. Very expensive (for my opinion) for a lot of documents. More futures for UK market that for Canada market :(

Overall: Save a lot of time.

Capterra-loader

Overall superb

Apr 17, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money

Pros: The accuracy really is superb! It is amazingly how accurately it gets the information required from what is often messy, crumpled or poor quality receipts

Cons: The main criticism is that I need a totally separate account per business. Would be better to handle multiples from one login. Also seems bonkers to have to pay extra for more users, has no bearing on the required server time or functionality's...eg zero benefits to just sharing a login .so to charge for it seems wrong. Lastly, the GUI could be modernized slightly

Great tool to reduce the time and hassle of collating expense receipts and vendor bills.

Apr 10, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: This is a must have application as it just cuts down so much admin. Supplier rules and giving employees their own logins to do expense reports makes it so easy to implement and get running.

Cons: System has some things missing such as multiple accounts with the same email. There is also the issue of no multilevel authorisation processes.

Capterra-loader

Semi-Automation tool for Receipt management

Mar 28, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
Likely
Extremely
Likely

Pros: Receipt scanning functionality is great, just by setting up email ID dedicated to the system can fetch all receipts and process for accounting ready details.

Cons: Some during processing its happens that wrong currency and tax code are mismatched, which leads to errors also in processing.

Saves me so much time and keeps me on top of my bookkeeping

Mar 16, 2018
4/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
3 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
Likely
Extremely
Likely

Pros: Fast, efficient, and I am always on top of my bookkeeping. I scan receipts with the iOS Dropbox app and place them in a shared folder. The next day my receipts have been data-mined, and are ready for me to double check before pushing them to my FreeAgent account. This process shaves hours off my monthly bookkeeping.

Cons: Occasionally there is a small error in the data mining, usually due to a receipt displaying information in an unusual place or style.

Useful app that makes bookkeeping much more efficient

Mar 13, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money

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.

Time-saver for processing expense claims in a business

Mar 05, 2018
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: It saves time by finding most of the information it needs and then lets you review it. Allows for people to submit receipt online, which is great for a business where most employees are spread out across Canada.

Cons: Some things are confusing when submitting receipts by email. For example, if you send an email without an attachment, then the email itself becomes the receipt, but when it has an attachment, the information someone might have written in the email itself does not show up anywhere, since only the attachment will show up as a receipt. This makes for some confusion for our users.

Great app for processing receipts

Feb 02, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
Likely
Extremely
Likely

Pros: It saves time by processing your receipts and sending to your accounting package. Easy to use and excellent for employee expense reports

Cons: ReceiptBank is overpriced so I have a hard time selling it to my clients. It is priced by the number of receipts that you send per month so it can get pricey if you have a lot of transaction. They also charge for accounting administrators

Massive time saver

Jan 09, 2018
4/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
Likely
Extremely
Likely

Pros: Much quicker than inputting receipts manually. Integrates with different accounting software. Can read emails as well as pdf and pictures.

Cons: Expensive unless used a lot as have to pay a set monthly fee rather than pay per usage. As accountant/bookkeeper works out more expensive than another app i use. Sometimes changes things when it sends across to accounting package so uses time up rechecking.

One and only bookkeeping software to use

Jul 20, 2017
3/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
Likely
Extremely
Likely

Pros: I have been using this software for bookkeeping for a firsttime for bookkeepings and and I think this will be the last. So good.

Cons: Is incompatible with some of my reciepts that I use, which I have to manually add some of the items for bookkeeping.

Overall: Image recognition for book keeping reciepts

No more paper clogging the filing cabinet!!

May 18, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: This software is so helpful in clearing all the receipts/invoices/statements from my desk. I either photograph with my phone or attach from email and then I can shred or delete. I've gone from spending hours filing to minutes uploading. Awesome program!!

Cons: Sometimes it takes awhile for the invoices to be processed but I don't find that a big concern as I have plenty of other work to get on with.

Overall: Time and money saving

Receipt Bank - Good Value for Money & Super Easy to Use

Mar 27, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: Great price Very easy to use Customer Service is very responsive and knowledgable Easy interface Great mobile App Reduces errors

Cons: Waiting for receipt bank to read invoices, it is very fast but would be even better if faster like everything :)

Receipt Bank frees up time

Sep 18, 2015
5/5
Overall
4 / 5
Ease of Use
5 / 5
Customer Support
5 / 5
Value for Money

Comments: I've worked with Receipt Bank for over a year. First used it for my business, then for other businesses. It's basically the best product currently on the market. It frees up time for SMEs, I can see how it worked in our practice and also for other clients. Instead of having to manually type all the details, Receipt Bank will scan it all for you and help you manage this process. The development team is very progressive and they are very keen on making this product work for your business.

Pros: It can scan hand written receipts. Taxi receipts are a headache and we've put the system to the test, it's absolutely brilliant at recognising even the odd receipts.

Cons: We had a few cases where the receipts were coded with the wrong currency, instead of GBP we had AUD. You just need to make sure you review these receipts and make sure you spot such errors.

May 19, 2018
5/5
Overall

Jan 16, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
Likely
Extremely
Likely

Jan 11, 2018
4/5
Overall

Dec 21, 2017
4/5
Overall

Aug 16, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
Likely
Extremely
Likely

Jan 28, 2017
4/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Oct 19, 2016
4/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
Likely
Extremely
Likely

Jun 15, 2016
5/5
Overall
4 / 5
Ease of Use
5 / 5
Customer Support
5 / 5
Value for Money

Mar 22, 2016
3/5
Overall

Jan 14, 2016
4/5
Overall
3 / 5
Ease of Use
5 / 5
Customer Support
5 / 5
Value for Money