Receipt Bank

Receipt Bank


4 / 5
40 reviews

Who Uses This Software?

SMB's


Average Ratings

40 Reviews

  • 4 / 5
    Overall

  • 4.5 / 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
  • Fund Accounting
  • Government
  • Nonprofits
  • Payroll Management
  • Project Accounting
  • Purchase Orders
  • Tax Management

Receipt Bank Reviews Recently Reviewed!


Forget the rest Receipt Bank is the best! Save time and gather more data!

Aug 15, 2018
4/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I have been using Receipt Bank alongside Xero for at least 5 years now and I have tried the alternatives but for me RB is the best! It is easy, accurate and intelligent. Its super simple app alongside the emailing in, drag & drop, dropbox link etc makes adding receipts and bills easy so you are more likely to capture more items. The OCR works well and learns (it is however worth keeping an aye on things as sometimes it can go awry!). The supplier rules work well, it has a great user interface and is simple to navigate. I know that they do line by line splits on some supplier invoices and I would like to see that get more accessible. Overall Receipt Bank saves so much time and I think that they are still developing more and more features. I have had clients that hate it and there are a few nuances that you should pay attention to at the start but once you have it works brilliantly!! I have tried Datamolino, Autoentry and Xero direct for the day to day receipts & invoices but have always come back to Receipt Bank. Customer support has always been good, friendly and relatively speedy. I use Receipt Bank with all my clients - we insist upon it!

Cons: I would probably say the thing that comes up over again is the price (I argue that rather pay them that than me for data entry!) but maybe if there was a lower starting price? I would love to see a Bill to client button and the option to break an invoice into lines as a standard option.

Capterra loader

Smart Solution to manual bookkeeping entry

Jul 26, 2018
5/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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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.

Overall: Time. This saves time . It also provides peace of mind.

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.

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
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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.

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.

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

Capterra loader

I use this to input all of my receipts for my business.

Jul 24, 2018
5/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

3 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I can auto-forward bills and invoices I receive via email to Receipt Bank, the ones which are consistent, I can even auto-publish to my accounting software (XERO)

Cons: I'm in Canada and have a few bills I pay in US funds. Occasionally a receipt will spontaneously switch currencies for no apparent reason.

Overall: Ease of inputting receipts into accounting software.

Easy expense tracking for small business

Sep 03, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality
Likelihood to Recommend: 10.0/10 Not
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Pros: I love how easy it is to use Receipt Bank! Simply taking a photo of my receipts has alleviated so much stress when it comes to month end and just the general brain space it takes to keep track of paper receipts.

Cons: I honestly don't have any complaints about the software.

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.

Excellent Soo Far

Jul 02, 2018
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
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Pros: This software has made organizing my receipts very painless and efficient. I like the fact that a copy of my receipt is kept in this database and another copy in my accounting software when receipts are pushed over.

Cons: I find that sometimes when I send invoices directly from my email into receipt bank, not all the invoices are recorded or even appear. My accountant has to notify me to resend them to her personal email when she reconciles our books monthly.

Overall: Great

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
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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

Time saver

Nov 26, 2018
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Absolutely love the way it can OCR, use rules I set up, and then export the data to QBO

Cons: Handling of taxes... while it reads the tax amount, we in BC have a challenge with it seperating our PST and GST amounts. (But the promise a fix is coming).

Receipt Bank--Help Code Expenses

Dec 05, 2018
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: Ease of use and I'm able to manage from my mobile device on the go.

Cons: I don't believe it accommodates classes in case you have difference locations you're tracking in GL.

Overall: Overall pleasant experience. Using this platform helps eliminate a great deal of the back and forth questioning between our team and our clients' spending. Holds the client somewhat responsible for accurately capturing expense data. Somewhat works as a digital filing cabinet as paper receipt retention is not needed.

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.

So easy and versatile!

Aug 02, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality
Likelihood to Recommend: 10.0/10 Not
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Pros: My company started using this to keep us in compliance - and keep our accountant happy.

IT IS AWESOME! There are so many ways to upload receipts - it makes this extra step in our work day so much easier. You can scan and upload the receipt via their website. You can send it to a personalized email address to upload the receipt, you can use their app... it is fantastic. And our accountant is super happy with the results!

Cons: I can honestly say there isn't anything bad about this program. It stinks we have to take the extra time to be more diligent about our receipts, but the program really helps ease that hassle.

Overall: Accountability and record keeping is greatly improved!

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.

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
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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 :)

Useful tool that assists with efficiency

Sep 14, 2018
4/5
Overall

3 / 5
Ease of Use

3 / 5
Features & Functionality
Likelihood to Recommend: 6.0/10 Not
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Pros: Seamless upload of receipts/invoices

Intelligent handling and rendering of scanned/copied files

Big-time time-saver!

Makes creating and submitting expense reports very simple and quick

Cons: Moderate learning curb

Help tools are for admin side, not really applicable to user-end inquiries

Overall: This app is perfect for anyone needing a reduction in the hassles of keeping up with receipts or invoices for ongoing or recurring expenses, especially when needing to submit expense reports and be reimbursed. Although it could use a few enhancements on intuitiveness and user experience, this is a great tool which drastically reduces time consumption for compiling and saving receipts, invoices, etc., by minimizing time spent compiling, tracking and submitting those items. It also allows payroll personnel to easily manage and facilitate employee or contractor expenses and/or reimbursements. Very useful.

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
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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.

Smart Technology

Oct 16, 2018
4/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: The smart AI technology used by Receipt bank makes it easier for clients to reconcile their Xero accounts and to ensure that the correct documentation is provided, saving all parties time and money!

Cons: The pricing can be slightly on the high side of things. Hopefully this will come down when economies of scale starts to kick in, to make it more affordable for all clients who would benefit from using Receipt Bank

Overall: RB is a big time saver! It puts the onus on the client to ensure that they are providing the correct documentation for purchases, rather than having to chase them.

Could be great - I'm saving a bit of time, but the potential is there for more time savings....

Nov 15, 2018
4/5
Overall

5 / 5
Ease of Use

3 / 5
Features & Functionality

5 / 5
Customer Support

2 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
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Pros: Like the automation, keeping all receipts in one place, uploading is easy and usually does a great job with reading from the sometimes crumpled receipts.

Cons: It doesn't integrate with Quickbooks Desktop - they've told me it's coming though. Once that's in place I could be saving wayyyy more time. Would also like to be able to see on the screen a field for payment method (visa or mc and last four digits of card), instead of only viewing it when the csv is created. Also, would like to be able to upload a job/customer from QBDT for job costing and classes, like the account/category upload.... but that might be too software specific...

Capterra loader

For the time challenged

Nov 07, 2018
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: I love anything that takes the hassle out of data entry. The ability to upload information and have the data transferred to your accounting program for you is invaluable.

Cons: I don't really have much I don't like about this.

Overall: My biggest wins have been with construction clients that no longer have to sit and enter hundreds of parts invoices themselves and a truck driver who can take a photo of his fuel receipts and I no longer have to collect a shoebox of dirty receipts!

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.

Capterra loader

Safes times and helps to be organized

Jul 07, 2018
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

3 / 5
Value for Money

Pros: This application has helped me to be organized with the receipts and invoices for the bookeeping, it saves me time with all the filing and input. I have done a trial session and will keep trying it, it has made a difference in the amount of time i spend on bookeeping and my bookkeeper is also happy.

Cons: Sometimes there are some errors when I try to upload receipts and email them, nothing mayor so far, but it doesn happen. I haven't encountered too many other faults yet, but I just started.

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
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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
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Jun 15, 2016
5/5
Overall

4 / 5
Ease of Use

5 / 5
Customer Support

5 / 5
Value for Money

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
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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.

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
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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
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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

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
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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.

Jan 14, 2016
4/5
Overall

3 / 5
Ease of Use

5 / 5
Customer Support

5 / 5
Value for Money

Jul 11, 2018
5/5
Overall

May 19, 2018
5/5
Overall

Jan 11, 2018
4/5
Overall

Dec 21, 2017
4/5
Overall

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
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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

Jul 31, 2018
2/5
Overall

Mar 22, 2016
3/5
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
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