Dext Prepare (with Receipt Bank) vs. LessAccounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Dext Prepare (with Receipt Bank)
Score 9.0 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
LessAccounting
Score 9.5 out of 10
N/A
LessAccounting is a simplified, core, cloud-based accounting platform for small businesses from LessAccounting.com based on Jacksonville, Florida. It contains expense management features (sorting by project and expense type, tracking and reminders), automated invoicing, simple business overview and reporting features (e.g. profit and loss reporting, balance sheet, receivables and payables reports, etc.), integration with bank account, document management and integration with many apps and…N/A
Pricing
Dext Prepare (with Receipt Bank)LessAccounting
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Dext Prepare (with Receipt Bank)LessAccounting
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Dext Prepare (with Receipt Bank)LessAccounting
Top Pros
Top Cons
Features
Dext Prepare (with Receipt Bank)LessAccounting
Security
Comparison of Security features of Product A and Product B
Dext Prepare (with Receipt Bank)
2.8
4 Ratings
95% below category average
LessAccounting
10.0
2 Ratings
24% above category average
Single sign-on capability1.22 Ratings10.01 Ratings
Role-based user permissions4.44 Ratings10.02 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Dext Prepare (with Receipt Bank)
7.3
5 Ratings
4% below category average
LessAccounting
9.7
2 Ratings
24% above category average
Dashboards6.75 Ratings9.52 Ratings
Standard reports7.94 Ratings9.52 Ratings
Custom reports00 Ratings10.02 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)
3.6
5 Ratings
69% below category average
LessAccounting
9.4
2 Ratings
24% above category average
Accounts receivable7.24 Ratings8.01 Ratings
Bank reconciliation1.83 Ratings10.02 Ratings
Expense management6.85 Ratings9.12 Ratings
Multi-currency support1.83 Ratings00 Ratings
Multi-division support1.22 Ratings00 Ratings
Regulations compliance6.43 Ratings00 Ratings
Self-service portal1.83 Ratings9.52 Ratings
Global Financial Support1.22 Ratings00 Ratings
Intercompany Accounting6.43 Ratings9.52 Ratings
Localizations1.22 Ratings00 Ratings
Accounts payable00 Ratings10.01 Ratings
Cash management00 Ratings8.62 Ratings
Fixed asset management00 Ratings10.01 Ratings
Electronic tax filing00 Ratings8.01 Ratings
Journals and Reconciliations00 Ratings10.01 Ratings
Configurable Accounting00 Ratings10.02 Ratings
Centralized Rules Framework00 Ratings10.01 Ratings
Standardized Processes00 Ratings10.01 Ratings
Customization
Comparison of Customization features of Product A and Product B
Dext Prepare (with Receipt Bank)
1.7
3 Ratings
122% below category average
LessAccounting
8.4
2 Ratings
18% above category average
Plug-ins1.73 Ratings7.22 Ratings
API for custom integration00 Ratings9.52 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
LessAccounting
9.5
1 Ratings
24% above category average
Pay calculation00 Ratings9.01 Ratings
Direct deposit files00 Ratings10.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
LessAccounting
8.0
1 Ratings
8% above category average
Pricing00 Ratings8.01 Ratings
Order entry00 Ratings8.01 Ratings
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Dext Prepare (with Receipt Bank)LessAccounting
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User Ratings
Dext Prepare (with Receipt Bank)LessAccounting
Likelihood to Recommend
7.6
(10 ratings)
9.5
(2 ratings)
Likelihood to Renew
8.2
(1 ratings)
10.0
(1 ratings)
Usability
6.3
(6 ratings)
-
(0 ratings)
Support Rating
3.8
(7 ratings)
-
(0 ratings)
User Testimonials
Dext Prepare (with Receipt Bank)LessAccounting
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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LessAccounting.com
If you are an entrepreneur and you want to focus on building your business, start with Less Accounting. It's a full-blown accounting system that has a simple implementation and it can connect to your financial accounts to automate many parts of the business. Our 1st four years of business, we worked without a bookkeeper at all due to the level of automation.
It is not limited in any regard and is not simply for invoicing or tracking hours, it more or less does everything. Perhaps one area that it wouldn't be ideal is for firms that need to have more rigid accounting, with charts of accounts etc for industries that are audited or highly regulated.
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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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LessAccounting.com
  • Categorize Expenses Automatically
  • Profit and loss Statements
  • Interfaces with Credit Union
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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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LessAccounting.com
  • With the flexibility comes room for folks not adhering to specific accounts. There is no numeric chart of accounts so at times you will see 2 line items for a single item. We tend to overcome this limitation with extensive tagging.
  • Invoices and sales orders don't have an obvious way to assign credit to specific salespeople or consultants. We reached out to LA and they have shown us a different way to do this which we'll try soon.
  • The visual interface can use some sprucing up. It's easy to navigate but I believe the navigation can be slightly improved. I do find myself hitting the back button to get into other parts of the app.
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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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LessAccounting.com
It works, it keeps our historical data and is easy to use
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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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LessAccounting.com
No answers on this topic
Support Rating
Receipt Bank
Never used the support function. I guess that means it’s easy to use and works well because I never had an issue in 3 years. Not sure if the support team is helpful.
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LessAccounting.com
No answers on this topic
Alternatives Considered
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
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LessAccounting.com
I had been with QuickBooks for a few years (unwillingly) at the behest of accountants. It took me a while to realize there were other options out there and I needed to begin a hunt to find them. I found LessAccounting. While it's not the most appealing software, it sure helped me see the breakdown of things and allowed me to reconcile my books without feeling like I needed a degree in Accounting.
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Return on Investment
Receipt Bank
  • Helps to keep data consistent and accurate
  • Saves time in processing invoices and receipts
  • Saves time in reconciliation in our accounting package
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LessAccounting.com
  • + Less time worrying about my accounting
  • + actually reconciling my books at the end of each month or quarter
  • + being able to access my P+L anytime!
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ScreenShots

Dext Prepare (with Receipt Bank) Screenshots

Screenshot of Dext Prepare Inbox & Mobile app