Functional, Simple, and Effective Receipt and Bill Processing Platform
We are using Dext Prepare for our receipt capturing platform. It makes it very easy to capture receipts, invoices, bills, and it is also …
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.…
Recent Reviews
Popular Features
- Expense management (5)6.969%
- Dashboards (5)6.868%
Reviewer Pros & Cons
Pricing
N/A
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
Would you like us to let the vendor know that you want pricing?
10 people also want pricing
Alternatives Pricing
What is Expensify?
Expensify automates the entire spend management process. Scan receipts, track mileage, submit and approve expenses, manage corporate cards, reimburse employees, pay bills, send invoices, and book travel. Built for individuals and companies of all sizes, anywhere in the world.
What is InvoiceBerry?
InvoiceBerry offers a simple and secure online invoicing software for freelancers and small businesses. InvoiceBerry users can choose between 15 different invoice template designs when setting up their account. Once set up, businesses can add their company items and services as well as their…
Features
Return to navigation
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
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
Dext Prepare (with Receipt Bank) Video
Watch Dext Prepare
Dext Prepare (with Receipt Bank) Integrations
- Xero
- QuickBooks Online
- Kashflow
- Twinfield
- Gusto
- BILL
- Zapier
- Sage 50cloud Accounting
- MYOB Essentials
- Sage
- Tripcatcher
- IBIZA
- QuickBooks Desktop
Dext Prepare (with Receipt Bank) Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | Apple iOS, Android |
| Supported Languages | English, 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).
Reviewers rate Standard reports highest, with a score of 8.1.
The most common users of Dext Prepare (with Receipt Bank) are from Small Businesses (1-50 employees).
Comparisons
Compare with
Reviews and Ratings
(45)
Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
- Recommendations
Dext Prepare with Receipt Bank offers a range of features that simplify the process of capturing, managing, and organizing receipts for accounting clients. Users can easily capture and send receipts, eliminating the need for manual scanning and emailing. This saves time and improves data accuracy, making reconciliation tasks easier. The software automates the transcription of data from receipts and invoices, further enhancing accuracy during reconciliations. Users also have the option to backup receipts to Dropbox and integrate with Quickbooks Online, ensuring seamless attachment of receipts to the appropriate transactions. Additionally, the app helps manage expenses by sending notifications and automatically preparing expenditure data for integration with Xero.
The Receipt Bank Practice Platform is particularly useful for teams managing multiple clients. It provides visibility and insights across all clients, enabling effective client management. Team leaders can review bookkeeping progress, identify bottlenecks, and ensure tasks are completed on time. The platform also offers key metrics for efficient client management, allowing teams to easily track missing data and submit requests to clients. Seamless communication with clients via the app reduces email clutter and supports a paperless bookkeeping service.
Overall, Dext Prepare with Receipt Bank addresses common challenges such as receipt overwhelm, tedious data entry, and inefficient communication with clients. By streamlining the process of capturing, organizing, and managing receipts, it simplifies bookkeeping tasks for both internal organization management and client management.
Convenient Mobile App: Users have found the mobile app to be convenient and easy to use, allowing them to capture receipts on the go. Multiple reviewers have praised its user-friendly interface and seamless experience when using the app.
Efficient Data Entry: The ability of Receipt Bank to track which card is being used for a purchase has been appreciated by users, as it helps avoid duplicate entries in the accounting system. Several reviewers have highlighted this feature as a time-saving solution that streamlines their data entry process.
Accurate Information Extraction: Reviewers highly regard Receipt Bank's capability to extract relevant information from receipts and invoices accurately. Many users have expressed satisfaction with the software's accuracy in extracting key details, noting that corrections are rarely needed.
Limited Date Format Options: Some users have found it irritating that Dext Prepare only allows for the use of the European date format (DD MM YY). They express a desire for the option to manually enter dates in a different format to better suit their needs.
Inability to Manually Match QuickBooks Online Transactions: Several reviewers have expressed frustration with the inability to manually match a record against an existing QuickBooks Online (QBO) transaction. This limitation hampers the usability of Dext Prepare for sending receipt images to QB, according to these users.
Limitations of Mobile App and Receipt Image Quality: The mobile app provided by Dext Prepare has been criticized by some users due to its limitations. These reviewers mention that the app only allows publishing of expense transactions and severely compresses receipt pictures, making large receipts unreadable.
Users highly recommend this software for its easy and fast processing of bills and invoices. They find it to be a favorite time saver at work and praise its user-friendly interface. Many users suggest giving it a try to experience the time-saving benefits firsthand. The software is considered worth the price and the time investment to learn, making it a viable option for business owners. Users advise not overthinking but rather looking at the overall benefit and time savings when considering this software. To learn more about its features, users recommend trying the free trial version and watching YouTube videos. Additionally, users suggest getting a guided demo and speaking to the company about pricing options to get the most value out of this great product.
Attribute Ratings
Reviews
(1-5 of 5)Companies can't remove reviews or game the system. Here's why
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.
- Mobile functionality
- Capturing receipt/invoice information
- Integration with accounting system
- Price
9%
0.9
N/A
N/A
N/A
N/A
N/A
N/A
20%
2.0
N/A
N/A
40%
4.0
- We used to spend 45 min for day to sort out the bills and push them to the accounting system but now it takes only 10-15 min max and there is less error.
Dext Prepare mobile application has far better functionality compared to Hubdoc or Expensify. In the mobile application, user can take a picture of multiple pages invoices, one invoice at a time or in bulk all together. In the mobile application, user also have the option of adding some notes so finance team can review and take action on it.
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.
- 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.
- 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.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
- It is part of our outsourced accounting services package. Our clients like using it and appreciate not having to keep copies of physical receipts.
I have never been able to get Expensify to work for me. The reports are just completely unintuitive and I end up having my client generate the report I need and send it to me instead.
For QBO the restriction on which email addresses can send receipts is too limiting. They also do not extract data well and the overall system is very clunky compared to Dext. Of course the trade-off there is that you aren't paying a separate monthly subscription fee.
For QBO the restriction on which email addresses can send receipts is too limiting. They also do not extract data well and the overall system is very clunky compared to Dext. Of course the trade-off there is that you aren't paying a separate monthly subscription fee.
February 09, 2022
Dext makes my life easier
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 get a receipt for. You can safely throw the receipt away as you will have a digital copy to refer to. No need to carry all those receipts around!
- Convenient.
- Easy to use.
- Stress free.
- e-Invoicing - needs to support it.
- Sometimes errors still creep in.
91%
9.1
N/A
N/A
N/A
N/A
N/A
N/A
80%
8.0
60%
6.0
80%
8.0
- Dext has helped reduce the time I need to submit my expenses.
- I don't lose receipts now - so this effectively adds money back into my pocket (as the company covers all expenses with receipts).
Dext Prepare has a much larger marketing budget. The service is similar, but we just hear about Dext Prepare more.
4
Any of our team that travel or meet with clients face to face use Dext, including Management, Sales, and Marketing.
We use an external bookkeeper who keeps on top of Dext for us. There is no need for inhouse support. It is easy to use.
- Travel receipts
- Coffee receipts
- Any emailed PDFs
- Client lunches
- expense claims are much easier using Dext. We get them done on time and don't need to carry/store many receipts
- Sending any emailed PDF invoice has been great.
- When they get Peppol eInvoicing it will be more useful.
March 28, 2018
ReceiptBank makes business life easier
We use ReceiptBank across the organization for the tracking of receipts and expenses. It addresses the business problem of 'receipt overwhelm' - it allows us to be more efficient with the tracking of receipts and expenses. It also enhances the accuracy of our expenses and therefore the accuracy and timeliness of our financial statements.
- The accuracy of the expense allocation is excellent
- Very timely in having the receipts/expenses ready for publishing to Xero (our accounting system)
- The Android app is very good - the image capture feature is very easy to use
- It would be great if the receipt/expense could be published through the Android app rather than having to go the web version to publish expenses
- At times the currency is not captured accurately from the receipts (but this is a rare occurrence)
- 100% of our receipts and expenses are now captured and tracked accurately
- 100% of expenses are allocated to the correct cost centre
- 100% of sales tax is captured and reported accurately
February 02, 2018
Streamline and save with Receipt Bank Practice Platform
Receipt Bank Practice Platform has been implemented to make managing multiple clients on Receipt Bank more efficient. It allows visibility across all clients proving insights and information vital to managing clients. It is used across the organisation by all team members. It provides key metrics for the team to effectively manage clients' usage of receipt bank. It allows them to identify where key data is missing and needs to be submitted by the clients. It allows the team leaders to review the bookkeeping progress and identify bottlenecks that will inhibit tasks being completed on time. It provides seamless communication to clients via the app so as not to add more emails to their inbox that may go unnoticed. It assists in our delivery of a paperless free bookkeeping service.
- Key metrics on the submissions by clients and any delays. This allows for early identification where client may be struggling to get the information submitted to Receipt Bank, holding up the bookkeeping processing and ultimately delays in delivery of information to the clients.
- Identifying unprocessed receipts sitting in the clients Receipt Bank file.. This assists in managing internal workflow and aiding team members who may find they need assistance in completing key tasks.
- Identifying which clients are using Receipt Bank effectively and which clients need assistance. This can provide the opportunity to discuss with all clients what works well for them and what needs improvement by sharing some of the wins from other clients.
- Providing managers the ability to review with ease the progress of Receipt Bank processing by client and by bookkeeper. This allows them to identify issues literally before they occur.
- 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.
- Receipt Bank Practice Platform had a positive impact on my practice. It saved time for all team members. It provided invaluable insights allowing for better process management.
- Receipt Bank Practice Platform assisted in the better management of clients by providing great insights into the bookkeeping processing. It allowed for early identification of issues.
- It delivered on our paperless offering to clients and a streamlined approach to their bookkeeping.
- It helped us save our clients time and money.
I use both Receipt Bank Practise Platform and Hubdoc as they both have provided different features that are effective for my practise.
A product that has a dashboard is very effective. Being able to go to one location and see all information on clients is vital to better productivity. I always do a full analysis of new products before implementing them in my practice. This assessment allows me to analyse the impact on internal productivity and also external ease of use and effectiveness for clients. They must deliver on solving an issue for my practice or my clients or both,
A product that has a dashboard is very effective. Being able to go to one location and see all information on clients is vital to better productivity. I always do a full analysis of new products before implementing them in my practice. This assessment allows me to analyse the impact on internal productivity and also external ease of use and effectiveness for clients. They must deliver on solving an issue for my practice or my clients or both,