Dext Prepare (with Receipt Bank) vs. Wolters Kluwer ATX

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
Wolters Kluwer ATX
Score 8.9 out of 10
N/A
Wolters Kluwer offers the ATX Tax Preparation Software, presented as the easiest to use, most complete professional tax software for CPAs and Small Firms.N/A
Pricing
Dext Prepare (with Receipt Bank)Wolters Kluwer ATX
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Dext Prepare (with Receipt Bank)Wolters Kluwer ATX
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)Wolters Kluwer ATX
Top Pros

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Top Cons

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Features
Dext Prepare (with Receipt Bank)Wolters Kluwer ATX
Security
Comparison of Security features of Product A and Product B
Dext Prepare (with Receipt Bank)
2.8
4 Ratings
95% below category average
Wolters Kluwer ATX
-
Ratings
Single sign-on capability1.22 Ratings00 Ratings
Role-based user permissions4.44 Ratings00 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
Wolters Kluwer ATX
-
Ratings
Dashboards6.65 Ratings00 Ratings
Standard reports7.94 Ratings00 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
Wolters Kluwer ATX
-
Ratings
Accounts receivable7.24 Ratings00 Ratings
Bank reconciliation1.83 Ratings00 Ratings
Expense management6.85 Ratings00 Ratings
Multi-currency support1.83 Ratings00 Ratings
Multi-division support1.22 Ratings00 Ratings
Regulations compliance6.43 Ratings00 Ratings
Self-service portal1.83 Ratings00 Ratings
Global Financial Support1.22 Ratings00 Ratings
Intercompany Accounting6.43 Ratings00 Ratings
Localizations1.22 Ratings00 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
Wolters Kluwer ATX
-
Ratings
Plug-ins1.73 Ratings00 Ratings
Best Alternatives
Dext Prepare (with Receipt Bank)Wolters Kluwer ATX
Small Businesses
Patriot Software
Patriot Software
Score 9.0 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.0 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Vertex
Vertex
Score 8.6 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Vertex
Vertex
Score 8.6 out of 10
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User Ratings
Dext Prepare (with Receipt Bank)Wolters Kluwer ATX
Likelihood to Recommend
7.6
(10 ratings)
9.0
(1 ratings)
Likelihood to Renew
8.2
(1 ratings)
-
(0 ratings)
Usability
6.3
(6 ratings)
-
(0 ratings)
Support Rating
3.8
(7 ratings)
-
(0 ratings)
Implementation Rating
-
(0 ratings)
10.0
(1 ratings)
User Testimonials
Dext Prepare (with Receipt Bank)Wolters Kluwer ATX
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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Wolters Kluwer
I have been using ATX for at least 15 years. It is competitively priced for a part-time tax preparation firm like mine versus some of its competitors. The software is straightforward to use with very little training needed, and it includes the "paint by numbers" i.e. "interview" tax prep approach if desired (I virtually never use that as not needed, but it is a nice alternative for the more inexperienced preparer perhaps). I have found it to be pretty intuitive to use, and the file capability is very straightforward. I will continue to use it going forward, as while there are a couple of competitors that are slightly cheaper, certainly not enough difference to warrant changing software and again I'm overall pleased with the product despite the couple of areas that I commented are a bit clunky. Not a big deal. Overall good product.
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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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Wolters Kluwer
  • Calculation/preparation of personal tax return for individuals.
  • Calculation/preparation of small business tax returns, i.e., Schedule C for individual bus owners.
  • Electronic transmission of completed tax return to IRS and applicable states.
  • Preparation of summary letter and billing to tax clientele.
  • Modeling of pro forma tax results for succeeding years and prep of estimated tax payments needed.
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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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Wolters Kluwer
  • The preparation of the summary letter of the tax return module is a bit clunky but usable.
  • The preparation of the next year's quarterly estimates module, while automatic, is a bit clunky to override with more specific info versus what is automatically populated from the current year's return.
  • The print feature can be a little cumbersome getting to work on a local printer, resulting in some printing issues.
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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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Wolters Kluwer
No answers on this topic
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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Wolters Kluwer
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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Wolters Kluwer
No answers on this topic
Implementation Rating
Receipt Bank
No answers on this topic
Wolters Kluwer
Just let it do the standard install. No issues whatsoever.
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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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Wolters Kluwer
Turbotax is the most popular but not applicable if you are a tax preparer as it won't let you sign a tax preparer. Their tax prep version, Pro Series, is a bit more expensive, and I have found it not significantly different enough nor provide any applicable benefit to me changing. I also evaluated Drake tax prep software, but again, while it has some nice features, it could not justify the change effort compared to any incremental features I might use. ATX continues to offer the right product features for what I need at one of the cheapest costs.
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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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Wolters Kluwer
No answers on this topic
ScreenShots

Dext Prepare (with Receipt Bank) Screenshots

Screenshot of Dext Prepare Inbox & Mobile app