Dext Prepare (with Receipt Bank) vs. QuickBooks Online Advanced

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Dext Prepare (with Receipt Bank)
Score 8.0 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
QuickBooks Online Advanced
Score 8.4 out of 10
N/A
QuickBooks Online Advanced is a SaaS-based accounting software designed to scale with growing businesses. It includes the functionalities of QuickBooks Online, as well as more robust business analytics, customization, and resource management.N/A
Pricing
Dext Prepare (with Receipt Bank)QuickBooks Online Advanced
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Dext Prepare (with Receipt Bank)QuickBooks Online Advanced
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
More Pricing Information
Community Pulse
Dext Prepare (with Receipt Bank)QuickBooks Online Advanced
Top Pros
Top Cons
Features
Dext Prepare (with Receipt Bank)QuickBooks Online Advanced
Security
Comparison of Security features of Product A and Product B
Dext Prepare (with Receipt Bank)
3.9
4 Ratings
QuickBooks Online Advanced
8.8
130 Ratings
Single sign-on capability2.42 Ratings8.7114 Ratings
Role-based user permissions5.54 Ratings8.8126 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Dext Prepare (with Receipt Bank)
5.8
5 Ratings
QuickBooks Online Advanced
8.4
141 Ratings
Dashboards5.45 Ratings8.6132 Ratings
Standard reports6.24 Ratings8.7140 Ratings
Custom reports00 Ratings8.1133 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)
4.2
5 Ratings
QuickBooks Online Advanced
8.3
142 Ratings
Accounts receivable6.14 Ratings8.7133 Ratings
Bank reconciliation4.33 Ratings8.9134 Ratings
Expense management6.65 Ratings8.3127 Ratings
Multi-currency support4.33 Ratings8.333 Ratings
Multi-division support2.42 Ratings8.256 Ratings
Regulations compliance5.03 Ratings7.961 Ratings
Self-service portal4.13 Ratings8.578 Ratings
Global Financial Support2.42 Ratings00 Ratings
Intercompany Accounting5.03 Ratings7.661 Ratings
Localizations2.42 Ratings00 Ratings
Accounts payable00 Ratings8.8136 Ratings
Cash management00 Ratings8.3115 Ratings
Time tracking00 Ratings7.473 Ratings
Electronic tax filing00 Ratings8.076 Ratings
Primary and Secondary Ledgers00 Ratings7.963 Ratings
Journals and Reconciliations00 Ratings8.4123 Ratings
Enterprise Accounting00 Ratings8.252 Ratings
Configurable Accounting00 Ratings8.567 Ratings
Centralized Rules Framework00 Ratings8.146 Ratings
Standardized Processes00 Ratings8.893 Ratings
Customization
Comparison of Customization features of Product A and Product B
Dext Prepare (with Receipt Bank)
3.6
3 Ratings
QuickBooks Online Advanced
9.0
76 Ratings
Plug-ins3.63 Ratings9.165 Ratings
API for custom integration00 Ratings8.963 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
QuickBooks Online Advanced
8.1
58 Ratings
Inventory tracking00 Ratings8.158 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
QuickBooks Online Advanced
8.8
92 Ratings
Pricing00 Ratings8.869 Ratings
Order entry00 Ratings9.062 Ratings
Credit card processing00 Ratings8.878 Ratings
User Ratings
Dext Prepare (with Receipt Bank)QuickBooks Online Advanced
Likelihood to Recommend
7.0
(10 ratings)
9.0
(142 ratings)
Likelihood to Renew
8.2
(1 ratings)
9.5
(3 ratings)
Usability
6.4
(6 ratings)
9.1
(1 ratings)
Support Rating
5.0
(8 ratings)
-
(0 ratings)
Online Training
-
(0 ratings)
9.1
(1 ratings)
Implementation Rating
-
(0 ratings)
9.1
(1 ratings)
Configurability
-
(0 ratings)
9.1
(1 ratings)
User Testimonials
Dext Prepare (with Receipt Bank)QuickBooks Online Advanced
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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Intuit
QuickBooks Online Advanced is especially well suited for repetitive and longer tasks. It offers extended features compared to the Plus edition and in all these features it has to get a recommendation. Intuit knows its customers very well. They look at what the users do, and research for the next attractive feature sets to a large extent. So the question can only be answered in very special cases. They look for revenue so such issues as file size and stability can be expected to be on end an issue. There is a need to look for efficient workarounds and the customers are creative even for QuickBooks Online Advanced. So the more a company does accounting the more automation and repetitive action acceleration are used and needed. The more bank account they will manage the more advantageous the features. All these trends are limited. Then Intuit offers special services to work with even bigger systems of QuickBooks Online Advanced. The promise to turn complex processes into ones that are of clarity is really lived at Intuit. They protect their customers very well. They keep them in the privacy they intend to have. In my experience, the features are most helpful which is targeted customization toward growth.
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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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Intuit
  • Rule-driven categorization of expense transactions.
  • Good reporting for P&L, Balance Sheet, Profit by Job.
  • Ability to handle multiple locations under the same tax ID.
  • A commonly used program, such that it is reasonably easy to hire or contract people who are familiar with the system.
  • Recurring ACH & Credit card revenue transactions.
  • Repeating, reminder, and template transactions to avoid repeat entries when managed correctly.
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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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Intuit
  • Possibility to create a template for electronic signatures on checks
  • A new template that can allow the upload of general journal entries
  • A better way to review custom reports in lieu of scrolling down; is possible creating a new dashboard that will allow a dropdown.
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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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Intuit
QuickBooks Online Advanced is not like any other accounting software. With how great the software is now, I would definitely renew QuickBooks Online Advanced
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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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Intuit
QuickBooks Online Advanced is great and effective. I use it for almost three months and it definitely does their job
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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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Intuit
No answers on this topic
Online Training
Receipt Bank
No answers on this topic
Intuit
The online training was easy to follow and understand. The online training gave us the specific instructions to follow
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Implementation Rating
Receipt Bank
No answers on this topic
Intuit
It is great!
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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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Intuit
QuickBooks Desktop provides slightly more features and functionality, at the cost of disk space and the lack of cloud access. We chose the Online version of this software as the accounting and finance staff travel frequently and may access information remotely. QuickBooks provides significantly less features and functionality than Oracle NetSuite, but it comes at a fraction of the cost. As a smaller startup, NetSuite is not affordable for us at this time.
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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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Intuit
  • I know where are bank accounts stand all in one place.
  • I know who has paid me, who has yet to pay me, and the amount of invoices outstanding and how much I can expect to earn in a month.
  • Quickbooks keeps me organized in every aspect of the business.
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