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Users of Receipts have found it to be an efficient solution for submitting reimbursable business expenses. The software streamlines the …
Starting at $59.95 one-time fee
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What is Receipts?
Receipts is a document management software designed to assist individuals and businesses in collecting, organizing, and managing receipts for tax, expenses, bookkeeping, and personal finances. According to the vendor, Receipts caters to small to medium-sized businesses and a variety of professions and...
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Basic
$59.95
Cloud
one-time fee
Entry-level set up fee?
- No setup fee
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Product Details
- About
- Tech Details
What is Receipts?
Receipts is a document management software designed to assist individuals and businesses in collecting, organizing, and managing receipts for tax, expenses, bookkeeping, and personal finances. According to the vendor, Receipts caters to small to medium-sized businesses and a variety of professions and industries, including freelancers, small business owners, accountants, bookkeepers, consultants, service providers, retailers, and e-commerce businesses.
Key Features
Autonomous recognition of contents: According to the vendor, Receipts uses advanced algorithms to automatically recognize key information such as amount, date, taxes, and bank data from imported documents. This feature aims to save time and reduce manual data entry errors.
Self-learning assignment of documents: Receipts learns from user input to assign documents to specific contacts and categories. Over time, the program becomes more accurate in automatically categorizing and organizing receipts. Users have the ability to correct and adjust the assignments for improved accuracy.
Automatic conversion of foreign currencies: Receipts automatically converts amounts in foreign currencies to the standard currency based on current exchange rates. The vendor claims that this feature simplifies the management of receipts in different currencies and ensures accurate calculations.
Support for scanners and document scanners: Receipts provides support for scanners, allowing users to easily import physical receipts into the software. Users can scan receipts directly from within the program, eliminating the need for external scanning software. Additionally, Receipts supports document scanners, making it convenient for high-volume scanning.
Built-in text recognition (OCR): Receipts utilizes OCR technology to extract text from scanned documents and images. This feature enables the program to create searchable PDFs and extract important information from non-editable formats. Users can search for specific keywords or values within their receipts, according to the vendor.
Direct payment of invoices from within the app: Receipts integrates with various payment platforms, enabling users to directly pay invoices from within the software. Users can link their bank accounts or payment services to Receipts for seamless payment processing. The vendor states that this feature streamlines the payment workflow and reduces the need for manual payment processing.
Entry of sales tax values and preparation for tax declarations: Receipts provides a dedicated section for entering sales tax values and preparing tax declarations. Users can easily input and track sales tax information for accurate tax reporting. The program generates reports and summaries of sales tax data for easy reference during tax filing, according to the vendor.
Flexible exports and reports: Receipts offers flexible export options, allowing users to export data in various formats such as PDF, Excel, and CSV. Users can customize the exported reports to include specific data fields and formatting. This feature enables users to share and analyze their receipt data in their preferred formats, as claimed by the vendor.
Powerful search and filters: Receipts provides a robust search function that allows users to search for specific receipts based on various criteria. Users can apply filters to narrow down search results based on date, amount, contact, category, and more. This feature aims to help users quickly locate specific receipts within their database, according to the vendor.
Extensive data evaluations: Receipts offers comprehensive data evaluation features, including charts, graphs, and summaries. Users can analyze their receipt data based on different criteria such as date, category, contact, and more. According to the vendor, this feature provides valuable insights into spending patterns, expense trends, and financial performance.
Receipts Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Mac |
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Users of Receipts have found it to be an efficient solution for submitting reimbursable business expenses. The software streamlines the process, allowing users to quickly and easily submit their expenses and get reimbursed in a timely manner. It has provided a convenient and secure place for users to organize and store their receipts, making them easily accessible for quick reference.
Receipts has been particularly helpful for users who do not have a bookkeeper or accounting team. It simplifies the task of keeping track of expenses, eliminating the need for manual entry or complex spreadsheets. Users have praised the software for its easy-to-use expense report system, which makes it suitable for smaller companies with a lower price point.
One of the key use cases of Receipts is budgeting. By providing users with a clear view of their business expenses, it enables them to make informed financial decisions and stay within their budget. Users appreciate the visibility that Receipts provides into their spending habits, helping them identify areas where they can cut costs or allocate resources more effectively.
Submitting expense sheets with supporting documents has become a seamless process for users using Receipts. The software allows users to attach receipts and other relevant documents directly to their expense reports, eliminating the hassle of physically storing and organizing paper copies. This feature is especially valuable for those who frequently lose receipts, as Receipts acts as a digital repository for all their expenses.
Overall, Receipts has proven to be a valuable tool for businesses of all sizes. Its ease of use, organizational capabilities, and budgeting features have made it an essential asset in managing expenses effectively. Whether it's for submitting reimbursable expenses, keeping track of spending, or simplifying the overall expense management process, Receipts provides users with a reliable and user-friendly solution.
Highly functional software: Users have expressed that Receipts is a highly functional software that offers great utility for individuals who frequently travel and have reimbursable expenses. The ability to seamlessly submit expenses on both smartphones and laptops has been particularly appreciated, providing users with flexibility and convenience.
Excellent tool for expense organization: Reviewers have found Receipts to be an excellent tool for scanning and organizing receipts, especially for tax purposes. Its ease of use and straightforwardness make it a valuable asset for small business owners and entrepreneurs. Many users have praised the software's user-friendly interface, allowing them to effortlessly log expenses in real-time.
Effective integration capabilities: The integration capabilities of Receipts have received high praise from users. They appreciate how the software integrates smoothly with their internal systems, even if those systems are not widely popular. This functionality adds significant value to their experience by simplifying the management and tracking of expenses. Additionally, reviewers express satisfaction with Receipts' ability to handle a wide range of integrations effectively, making it easy to capture and submit reports seamlessly.
Slow Loading and Delays: Some users have experienced delays while using Receipts, resulting in the need to resubmit expenses. This has caused frustration and wasted time for these users.
Need for Improved Performance: Several reviewers suggest that the company should invest in technology to improve the platform's performance. Users believe that a faster and more efficient software would greatly enhance their experience with Receipts.
Lack of Advanced Features: A number of users have expressed disappointment with the lack of advanced features in Receipts. They feel that other expense trackers offer more comprehensive functionality, such as storing archived documents and supporting budgetary workflows.