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).
$199.99
per month billed annually 10 clients & unlimited users
Hurdlr
Score 9.0 out of 10
Small Businesses (1-50 employees)
Hurdlr automatically tracks mileage, expenses, income streams, and tax deductions in real-time. Self-employed business owners, freelancers, and solo entrepreneurs use Hurdlr to save time, save money, and stay organized while running their business. The vendor states that on average, people find over $5,600 in tax deductions.
N/A
Pricing
Dext Prepare (with Receipt Bank)
Hurdlr
Editions & Modules
Dext Essentials
$199.99
per month billed annually 10 clients & unlimited users
Dext Advanced
$214.99
per month billed annually 10 clients & unlimited users
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.
Hurdlr is great for simple self-employment tracking (income, expenses, taxes). It's not as powerful as something like Quickbooks in my opinion, but honestly I think that's a good thing. No need to overcomplicate things if you don't need all those features. Hurdlr is perfect for exactly what you need as a self-employed person. I have always been able to do everything I need to do with Hurdlr and it's simple and easy to use. Most importantly, everything is quick. I can quickly add income and expenses, and quickly export reports. Works exactly the way it needs to.
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!
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.
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
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.
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.
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.
Hurdlr is much cheaper and less complicated than QuickBooks. Less money, less time, less frustration than QuickBooks. I used QuickBooks Online for another business and had to spend hours and hours figuring out how to set it up, and ultimately had to pay an accountant to do it for me. So much wasted money and time compared to Hurdlr, which was easy, and free to get started. I'm sure some businesses need QuickBooks, but if you have a pretty simple self-employed business, Hurdlr is definitely superior.
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.
