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Dext Prepare (with Receipt Bank)

Dext Prepare (with Receipt Bank)

Overview

What is Dext Prepare (with Receipt Bank)?

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.…

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Learn from top reviewers

Functional, Simple, and Effective Receipt and Bill Processing Platform

Rating: 8 out of 10
December 21, 2023
IncentivizedVetted ReviewVerified User
We are using Dext Prepare for our receipt capturing platform. It makes it very easy to capture receipts, invoices, bills, and it is also very easy to upload these invoices. Th...
Continue reading
Verified user
Professional
Dext Prepare (with Receipt Bank)4 years of experience

Receipt Bank is awesome! If your will to pay the price

Rating: 8 out of 10
July 24, 2022
IncentivizedVetted ReviewVerified User
My field of work, hospitality, comes with a lot of bookkeeping due to a large number of suppliers and transactions. Keeping track can be a nightmare. Paper receipts and invoic...
Continue reading
Verified user
Director
Dext Prepare (with Receipt Bank)3 years of experience

A good add on product to QBO for accounting firms

Rating: 8 out of 10
May 19, 2022
IncentivizedVetted ReviewVerified User
Dext Prepare (with Receipt Bank) makes it easy for accounting clients to capture and send receipts to us. We can then easily back these up to Dropbox for them and also send th...
Continue reading
Russell Barnett, EA, CTS
C-Level Executive - Finance and Accounting
CEO
SIlicon Valley Tax Coach
Dext Prepare (with Receipt Bank)2 years of experience

Dext makes my life easier

Rating: 9 out of 10
February 9, 2022
IncentivizedVetted ReviewVerified User
Dext Prepare is great to snap a receipt on the run and have it entered straight into the accounting system. This can be out for coffee, a meal, travel expenses, whatever you g...
Continue reading
Robin Sands
C-Level Executive - Corporate
CEO
Link4
Dext Prepare (with Receipt Bank)4 years of experience

Receipt Bank - Receipts made easy

Rating: 10 out of 10
March 13, 2020
IncentivizedVetted ReviewVerified User
Receipt Bank is used across the organisation. Empoyees simply photograph any purchase receipts and forward them via their phone. Receipt Bank transcribes the data and has it r...
Continue reading
Craig Jolly
Director - Professional Services
Director
Imagine Homes
Dext Prepare (with Receipt Bank)1 year of experience
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Pricing

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Dext Prepare (with Receipt Bank)

Dext Prepare (with Receipt Bank)

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Unavailable

What is Dext Prepare (with Receipt Bank)?

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).

Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttp://dext.com/accountants-and…

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Features

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

1.6
Avg 7.2

Security

This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.

2.8
Avg 8.0

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

7.8
Avg 7.6

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

3.7
Avg 7.5
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Product Details

What is Dext Prepare (with Receipt Bank)?

Dext aims to make accountants and the businesses they look after more productive and profitable through better data and insights.


The solution combines real time data with practice productivity tools to free up teams to spend more time adding value.


Prepare finances

Users can Prepare, sort and automatically publish paperwork using Prepare with Receipt Bank.


Pull cost data from over 1,400 suppliers and automatically sort and categorise with smart supplier rules. Match paperwork with cost data through bank connections for reconciliation.


Includes tools to analyse tax, payment timing and talk to clients about cashflow, in real time.

Dext Prepare (with Receipt Bank) Features

General Ledger and Configurable Accounting Features

  • Supported: Accounts receivable
  • Supported: Bank reconciliation
  • Supported: Expense management
  • Supported: Multi-currency support
  • Supported: Multi-division support
  • Supported: Regulations compliance
  • Supported: Self-service portal
  • Supported: Global Financial Support
  • Supported: Intercompany Accounting
  • Supported: Localizations

Reporting & Analytics Features

  • Supported: Dashboards
  • Supported: Standard reports

Customization Features

  • Supported: Plug-ins

Security Features

  • Supported: Role-based user permissions
  • Supported: Single sign-on capability

Dext Prepare (with Receipt Bank) Screenshots

Screenshot of Dext Prepare Inbox & Mobile app

Dext Prepare (with Receipt Bank) Video

Dext Prepare (with Receipt Bank) Integrations

Dext Prepare (with Receipt Bank) Competitors

Dext Prepare (with Receipt Bank) Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationApple iOS, Android
Supported LanguagesEnglish, French

Frequently Asked Questions

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).

Hubdoc and Expensify are common alternatives for Dext Prepare (with Receipt Bank).

Reviewers rate Standard reports highest, with a score of 8.4.

The most common users of Dext Prepare (with Receipt Bank) are from Small Businesses (1-50 employees).
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Comparisons

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Reviews and Ratings

(48)

Reviews

(1-5 of 10)

A good add on product to QBO for accounting firms

Rating: 8 out of 10
Incentivized
May 19, 2022
Use Cases and Deployment Scope
Dext Prepare (with Receipt Bank) makes it easy for accounting clients to capture and send receipts to us. We can then easily back these up to Dropbox for them and also send them to QuickBooks Online to be attached to the appropriate transactions. As an accounting firm this is a great tool. It generally does a good job tracking which card is being used to pay for things so it can send the transaction to the correct QB register. Dext Prepare (with Receipt Bank) can also be used to create expense reimbursement reports based on submitted receipts, and will send them to QBO for payment.
Pros
  • Mobile app to capture receipts on the go
  • Tracks which card is being used for a purchase
  • Matches receipts against recent existing QBO entries to help avoid duplicate entries
  • It is good at extracting relevant information from receipts and invoices
  • It tracks emailed invoices by the destination rather than the origin, unlike QB's receipt service.
Cons
  • Their ongoing insistence on only using European formatted dates (DD/MM/YY) is a constant irritation every single time I have to manually enter a date
  • There isn't a way to manually match a record against an existing QBO transaction. It either finds it or you can't use Dext to send the receipt image to QB.
  • The mobile app is extremely limited. You cannot publish any type of transaction other than an expense.
  • The mobile app severely compresses pictures of receipts, which can make large receipts literally unreadable and defeating the purpose of capturing it.
Likelihood to Recommend
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.

Snap a pic and throw it away! Receipt Bank will take care of the rest.

Rating: 9 out of 10
Incentivized
February 24, 2018
Use Cases and Deployment Scope
Receipt Bank is used in both the management of my organization and the management of many of our clients. For the people who use Receipt Bank, it's a wonderful tool because they can immediately snap a picture of a bill or receipt, and then toss the hard copy. No longer do they have to keep track of receipts - it's already taken care of!

For our staff who manages Receipt Bank for our clients, this program allows us to clearly see the business purpose behind every bill and purchase. We no longer have to ask the client for details regarding every little expense-we already have the details! Even better, Receipt Bank syncs both with QuickBooks Online and Bill.com, two other platforms we use, so it makes it very easy to pay bills that come due as well as record all of the activity in QuickBooks Online for flawless financial statements.
Pros
  • 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!
Cons
  • One area that could really use some improvement is their training program for the people who manage the program (meaning those of us to who actually process the receipts and bills to an outside software). It's a whole separate website, it's somewhat difficult to follow, and it just doesn't flow well. The training for front end users (those submitting the bills/receipts) is not really in depth, either, but it is pretty intuitive. We've taken to writing up a 1 page instruction manual for our clients that qualifies as their "training".
  • A feature I would love to see is the ability to process income items in Receipt Bank. It currently does not have that functionality. I have several clients that submit bank deposit detail, and it would be great if I could "publish" those to QuickBooks Online just like I do for bills/receipts.
  • Expense reporting is a great feature Receipt Bank has, but it's somewhat complicated to understand. We receive lots of questions from clients surrounding this process, so some better training or simplification would be great.
Likelihood to Recommend
For organizations that require in depth detail in their financials, meaning detailed records of every expense, Receipt Bank is a great option. Accounting firms that are preparing the books for their clients in a cloud atmosphere will most certainly appreciate the ease of use provided with Receipt Bank.

But for organizations that are small in number of employees, and maybe they all have company credit cards and no expense reports, Receipt Bank isn't necessary. It's still a "nice to have" software, but not required because these types of employees won't be keeping copies of receipts anyway.

Receipt Bank is awesome! If your will to pay the price

Rating: 8 out of 10
Incentivized
July 24, 2022
Verified User
Director in Other
Hospitality Company, 11-50 employees
Vetted Review
Verified User
Dext Prepare (with Receipt Bank)
3 years of experience
Use Cases and Deployment Scope
My field of work, hospitality, comes with a lot of bookkeeping due to a large number of suppliers and transactions. Keeping track can be a nightmare. Paper receipts and invoices everywhere and mindless data entry. Receipt Bank eliminates the two most annoying parts. Saved digitally and little to no data entry!
Pros
  • Pulls data from photos of text
  • Error recognition
  • Data access and manipulation
  • Easy to use
Cons
  • To expensive
  • Integration
Likelihood to Recommend
Receipt Bank is perfect for bookkeeping for business with a large volume of paper invoices and receipts. You can snap a pic and discard all hard copies. The fact that RB does all the hard work for you is magic! This app made the bookkeeping side of running my business a breeze. I think RB is less appropriate for businesses that have a low volume of receipts and invoices to manage.

Receipt Bank - Receipts made easy

Rating: 10 out of 10
Incentivized
March 13, 2020
CJ
Craig Jolly
Director
Imagine Homes (Construction, 1-10 employees)
Vetted Review
Verified User
Dext Prepare (with Receipt Bank)
1 year of experience
Use Cases and Deployment Scope
Receipt Bank is used across the organisation. Empoyees simply photograph any purchase receipts and forward them via their phone. Receipt Bank transcribes the data and has it ready for approval and transfer to our accounting software. In addition to the manual uploading of receipts and invoices the program also automatically ingests information form some of our suppliers - negating any work on our behalf except checking the detail during reconciliations.
Pros
  • Ingest data automatically.
  • Transfer information to accounting platform.
  • Stores receipts in the cloud for later retrieval.
Cons
  • The auto pull capability could be expanded to more suppliers.
Likelihood to Recommend
Receipt Bank simply takes the hard work out of getting information into the accounting platform. It doesn't take much to learn and when you think you have broken it the help desk support is outstanding. There are a couple of known glitches that require data to be re-entered in certain circumstances (related to input mistakes by humans). The ability to reverse these as opposed to delete and re-enter is the only improvement I can think of. If my employees and I were more competent at entering the data this would not be an issue either.

Functional, Simple, and Effective Receipt and Bill Processing Platform

Rating: 8 out of 10
Incentivized
December 21, 2023
Verified User
Professional in Finance and Accounting
Accounting Company, 11-50 employees
Vetted Review
Verified User
Dext Prepare (with Receipt Bank)
4 years of experience
Use Cases and Deployment Scope
We are using Dext Prepare for our receipt capturing platform. It makes it very easy to capture receipts, invoices, bills, and it is also very easy to upload these invoices. There are multiple ways of uploading receipts and they are very convenient. We used to scan, save copies of invoices, and email across each other but we don't need to do that anymore.
Pros
  • Mobile functionality
  • Capturing receipt/invoice information
  • Integration with accounting system
Cons
  • Price
Likelihood to Recommend
Application suits well to multiple user structure where users buy and pay expenses on the go so each user would have their own mobile app and access to Dext Prepare and soon after the purchase, they take a picture of the receipt and upload so finance team can access the information straight away. It would not suit well where a business has very few users who pay the bills and most bills are on the cloud (via emails, all-digital in the first place). Because these bills can be emailed to the accounting system in the first place anyway or other software providers where monthly subscription is much cheaper.
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