Receipt Bank

Receipt Bank

by Receipt Bank

Who Uses Receipt Bank?

SMB's, Accountants, Bookkeepers

What Is Receipt Bank?

Receipt Bank is a digital bookkeeping tool - trusted by over 360,000 businesses and 50,000+ accountants and bookkeepers. We save you and your clients time and money on their bookkeeping.

We take paperwork from all places, digitise it and make it ready for reconciliation - from supplier portals and utility providers to receipts stuffed in glove compartments.

With Receipt Bank, clients can snap, save and sort all their paperwork in seconds.

Receipt Bank Details

Receipt Bank

https://www.receipt-bank.com/

Founded 2010

Receipt Bank Pricing Overview

Receipt Bank does not have a free version but does offer a free trial. Receipt Bank paid version starts at £10.00/month.

Starting Price

£10.00/month

Pricing Details

Single user - £10/month for 50 items Multi-user - from £20/month

Free Version

No

Free Trial

Yes

Deployment

Cloud, SaaS, Web

Mobile - iOS Native

Mobile - Android Native

Training

Webinars

Documentation

Support

24/7 (Live Rep)

Business Hours

Online

Receipt Bank Features

Accounting Software
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

Vendor has not completed this information.

Receipt Bank Reviews for UK Users

Showing 5 of 71 reviews

Overall
4.2/5
Ease of Use
4.1/5
Customer Service
3.9/5
Features
4/5
Value for Money
3.8/5
Brett G.
Owner
Used the Software for: 1+ year
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    4/5
  • Customer Support
    4/5
  • Value for Money
    4/5
  • Likelihood to Recommend
    9/10
  • Reviewer Source 
  • Reviewed on 26/07/2018

"Smart Solution to manual bookkeeping entry"

Comments: 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.

  • Reviewer Source 
  • Reviewed on 26/07/2018
Verified Reviewer
Used the Software for: 2+ years
  • Overall Rating
    4/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    4/5
  • Value for Money
    4/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Source: GetApp
  • Reviewed on 15/08/2018

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

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.

  • Reviewer Source 
  • Source: GetApp
  • Reviewed on 15/08/2018
Sam S.
Director
Airlines/Aviation, 13-50 Employees
Used the Software for: 1+ year
  • Overall Rating
    1/5
  • Ease of Use
    2/5
  • Features & Functionality
    1/5
  • Customer Support
    3/5
  • Value for Money
    1/5
  • Likelihood to Recommend
    0/10
  • Reviewer Source 
  • Reviewed on 22/04/2020

"Waste of Money"

Comments: 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.

  • Reviewer Source 
  • Reviewed on 22/04/2020
Dickson M.
accounting assistant
Higher Education, 1,001-5,000 Employees
Used the Software for: 2+ years
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    4/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 12/02/2020

"Receipt Bank review"

Comments: 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

  • Reviewer Source 
  • Reviewed on 12/02/2020
Graham L.
Managing Director
Used the Software for: 1+ year
  • Overall Rating
    4/5
  • Ease of Use
    4/5
  • Features & Functionality
    4/5
  • Customer Support
    4/5
  • Value for Money
    4/5
  • Likelihood to Recommend
    Unrated
  • Reviewer Source 
  • Reviewed on 17/04/2018

"Overall superb"

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

  • Reviewer Source 
  • Reviewed on 17/04/2018