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

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Dext Prepare (with Receipt Bank)
Score 9.2 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 Cantax
Score 9.0 out of 10
N/A
Wolters Kluwer offers Cantax, a tax preparation software available in Canada for tax preparation firms.N/A
Pricing
Dext Prepare (with Receipt Bank)Wolters Kluwer Cantax
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Dext Prepare (with Receipt Bank)Wolters Kluwer Cantax
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 Cantax
Top Pros
Top Cons
Features
Dext Prepare (with Receipt Bank)Wolters Kluwer Cantax
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 Cantax
-
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)
7.6
5 Ratings
2% above category average
Wolters Kluwer Cantax
-
Ratings
Dashboards6.95 Ratings00 Ratings
Standard reports8.24 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
67% below category average
Wolters Kluwer Cantax
-
Ratings
Accounts receivable7.44 Ratings00 Ratings
Bank reconciliation1.83 Ratings00 Ratings
Expense management7.05 Ratings00 Ratings
Multi-currency support1.83 Ratings00 Ratings
Multi-division support1.22 Ratings00 Ratings
Regulations compliance6.63 Ratings00 Ratings
Self-service portal1.73 Ratings00 Ratings
Global Financial Support1.22 Ratings00 Ratings
Intercompany Accounting6.63 Ratings00 Ratings
Localizations1.22 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Dext Prepare (with Receipt Bank)
1.6
3 Ratings
124% below category average
Wolters Kluwer Cantax
-
Ratings
Plug-ins1.63 Ratings00 Ratings
Best Alternatives
Dext Prepare (with Receipt Bank)Wolters Kluwer Cantax
Small Businesses
QuickBooks Self-Employed
QuickBooks Self-Employed
Score 9.3 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.2 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Vertex
Vertex
Score 8.3 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.0 out of 10
Vertex
Vertex
Score 8.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Dext Prepare (with Receipt Bank)Wolters Kluwer Cantax
Likelihood to Recommend
7.8
(10 ratings)
9.0
(1 ratings)
Likelihood to Renew
8.2
(1 ratings)
-
(0 ratings)
Usability
6.3
(6 ratings)
-
(0 ratings)
Support Rating
3.7
(7 ratings)
-
(0 ratings)
User Testimonials
Dext Prepare (with Receipt Bank)Wolters Kluwer Cantax
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 think its a great use for doing my accounting entries, it could use some improvements in the importability
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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
  • Fast to input
  • a lot of functions to use
  • nice interface to use everyone should be able to use it right away with no problems
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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
  • Guide for more complicated situations
  • FAQ or easier support chat
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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
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
I think both are very good to use, I like H&R a bit more though though to being used to them
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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