Dext Prepare (with Receipt Bank)

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Dext Prepare (with Receipt Bank)
Score 9.6 out of 10
N/A
London based Receipt Bank offers Practice Platform, an application supporting SMBs and accounting firms with tracking receipts and expenses and logging them with minimal or no paperwork and data entry in an environment that integrates with popular accounting software (e.g. Quickbooks).N/A
Pricing
Dext Prepare (with Receipt Bank)
Editions & Modules
No answers on this topic
Offerings
Pricing Offerings
Dext Prepare (with Receipt Bank)
Free Trial
Yes
Free/Freemium Version
No
Premium Consulting/Integration Services
No
Entry-level Setup FeeNo setup fee
Additional Details—
More Pricing Information
Community Pulse
Dext Prepare (with Receipt Bank)
Considered Both Products
Dext Prepare (with Receipt Bank)
Chose Dext Prepare (with Receipt Bank)
Both softwares are very similar. I also use AutoEntry to configure a pdf bank statement into an excel doc without requiring to sync it to any accounting software
Chose Dext Prepare (with Receipt Bank)
Dext is much easier to use than Hubdoc. You can approve documents in batches whereas in Hubdoc you need to review each document separately. Once Dext is set up properly, there is little need to review every document.

Chose Dext Prepare (with Receipt Bank)
Dext Prepare mobile application has far better functionality compared to Hubdoc or Expensify. In the mobile application, user can take a picture of multiple pages invoices, one invoice at a time or in bulk all together. In the mobile application, user also have the option of …
Chose Dext Prepare (with Receipt Bank)
I have never been able to get Expensify to work for me. The reports are just completely unintuitive and I end up having my client generate the report I need and send it to me instead.

For QBO the restriction on which email addresses can send receipts is too limiting. They also …
Chose Dext Prepare (with Receipt Bank)
Dext Prepare has a much larger marketing budget. The service is similar, but we just hear about Dext Prepare more.
Chose Dext Prepare (with Receipt Bank)
Receipt Bank is superior to Wave in terms of its accuracy of reporting and allocating expenses. Even though there is a fee for Receipt Bank and Wave is free, the monthly fee for Receipt Bank is well worth the money, given the benefits
Chose Dext Prepare (with Receipt Bank)
I use both Receipt Bank Practise Platform and Hubdoc as they both have provided different features that are effective for my practise.

A product that has a dashboard is very effective. Being able to go to one location and see all information on clients is vital to better …
Top Pros
Top Cons
Features
Dext Prepare (with Receipt Bank)
Security
Comparison of Security features of Product A and Product B
Dext Prepare (with Receipt Bank)
10.0
6 Ratings
20% above category average
Single sign-on capability10.03 Ratings
Role-based user permissions10.06 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Dext Prepare (with Receipt Bank)
8.7
7 Ratings
11% above category average
Dashboards7.57 Ratings
Standard reports10.06 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Dext Prepare (with Receipt Bank)
6.7
8 Ratings
13% below category average
Accounts receivable10.05 Ratings
Bank reconciliation10.05 Ratings
Expense management9.96 Ratings
Multi-currency support9.55 Ratings
Multi-division support1.22 Ratings
Regulations compliance6.83 Ratings
Self-service portal10.05 Ratings
Global Financial Support1.22 Ratings
Intercompany Accounting6.83 Ratings
Localizations1.22 Ratings
Customization
Comparison of Customization features of Product A and Product B
Dext Prepare (with Receipt Bank)
7.0
5 Ratings
7% below category average
Plug-ins7.05 Ratings
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Dext Prepare (with Receipt Bank)
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User Ratings
Dext Prepare (with Receipt Bank)
Likelihood to Recommend
9.7
(13 ratings)
Likelihood to Renew
8.2
(1 ratings)
Usability
10.0
(9 ratings)
Support Rating
3.5
(7 ratings)
User Testimonials
Dext Prepare (with Receipt Bank)
Likelihood to Recommend
Receipt Bank
It is great for accounting firms. Easy to add and administer client accounts. Easy to integrate with QuickBooks Online. Easy for clients to capture and submit receipts on the go. It is hard to use for manual data entry, and if your clients frequently have very long receipts the Dext Mobile app does not work well as it compresses the image to the point where it is completely illegible. It does not seem to be designed for business owners to use directly rather than using it through their accounting firm.
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Pros
Receipt Bank
  • Receipt Bank does a stellar job of extracting information from photos of receipts and bills. I'd say 95% of the time the information pulled is correct, so very rarely do I have to correct an amount or date.
  • One feature I really enjoy is not only the syncing with Quickbooks Online, but the fact that it also pushes the image to Quickbooks Online as an attachment! This means that for every expense/bill processed through Receipt Bank, an image of it is available inside of the transaction inside of Quickbooks Online. This makes researching a breeze.
  • Receipt Bank makes it very simple for users to add documents to the platform. Each company receives a dedicated Receipt Bank email address, which they can email to and upload documents, or users can use the phone apps (which are really easy to use), or they can upload documents from their computer. Training our clients to use it really can't be any easier!
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Cons
Receipt Bank
  • Receipt Bank Practice Platform has many great features. As they develop the platform I would like to see a rigorous review of all features so as not to add too many and overwhelm my team.
  • Having the flexibility to pick and choose from a suite of features and implement the ones that best suit my practice. A tailor made Receipt Bank Practice Platform. this would allow my practice to grow into the features rather than be overwhelmed by too many.
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Likelihood to Renew
Receipt Bank
Dext is the best way for us to manage our business expenses. Physical and PDF receipts/invoices will be around for a while, but the move to eInvoicing is very good and we look forward to Dext adding this feature
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Usability
Receipt Bank
Dext Prepare's usability is great, it has lots of functions and you can scan any type of document, including hard copy handwritten documents. It is not very accurate but it is handwritten!! Apart from it, you can use multiple functions like one page at a time, multiple, in bulk. You can send emails with multiple attachments and one of the greatest function is the mobile application capabilities.
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Support Rating
Receipt Bank
When I think I have broken the platform the help guys and girls are simply fantastic. They take time to understand the problem and usually resolve the issue on the spot. I have not had to wait more than an hour to get anything resolved - be that an issue I have created or a fault in my understanding of the program. Can't rate their support I have received to date highly enough.
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Alternatives Considered
Receipt Bank
Dext is much easier to use than Hubdoc. You can approve documents in batches whereas in Hubdoc you need to review each document separately. Once Dext is set up properly, there is little need to review every document.
Hubdoc does have the ability to save documents to an external site, like Google docs as a backup.
Read full review
Return on Investment
Receipt Bank
  • Receipt Bank has helped alleviate the frustration felt by both our clients and our staff when it comes to the detail needed for some of the organizations that we serve. In some cases it's just NECESSARY to have all of that detail for the financial statement preparation, and prior to Receipt Bank, we had to email back and forth, download attachments, manually enter the information into Quickbooks Online, save the document etc. It was a tedious process. Receipt Bank took care of all of that, and it saves both our clients and our staff HOURS of work each month.
  • Receipt Bank has given our clients the confidence to make their work places paperless offices. It frees time and money for them, because they don't have to keep track of the documents, they don't have to store the documents (and find a place to store them), and they never have to file them away. Receipt Bank archives all of the documents so you can find them if you ever need them, and the documents are in their financial data as well, which is where they really need them. I've never had a client regret going to Receipt Bank just because it makes life so much simpler for them.
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ScreenShots

Dext Prepare (with Receipt Bank) Screenshots

Screenshot of Dext Prepare Inbox & Mobile app