Skip to main content
TrustRadius
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.…

Read more
Recent Reviews

TrustRadius Insights

Dext Prepare with Receipt Bank offers a range of features that simplify the process of capturing, managing, and organizing receipts for …
Continue reading

Avoid.

1 out of 10
March 04, 2022
I would never use them again. I decided to scale back some accounts that were not used to reduce my costs - suddenly the one assistant who …
Continue reading
Read all reviews

Popular Features

View all 15 features
  • Expense management (5)
    6.9
    69%
  • Dashboards (5)
    6.8
    68%

Reviewer Pros & Cons

View all pros & cons
Return to navigation

Pricing

View all 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 ZipBooks?

ZipBooks is an accounting software solution for small business owners and accountants. Users can track expenses, manage their team, send recurring invoices and manage projects.

Return to navigation

Features

Customization

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

1.7
Avg 7.0

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 7.9

Reporting & Analytics

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

7.4
Avg 7.6

General Ledger and Configurable Accounting

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

3.6
Avg 7.4
Return to navigation

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.

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

Comparisons

View all alternatives
Return to navigation

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!

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

(1-10 of 10)
Companies can't remove reviews or game the system. Here's why
Score 8 out of 10
Vetted Review
Verified User
Incentivized
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.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
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.
Russell Barnett, EA, CTS | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
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.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
If you already have an online accounting package, then this can be a great add-on to manage your expenditure and expenses--it works for a micro business as well as one with a number of employees and handles personal expenses as well as it does company ones. The app is pretty good, too, and it all just makes handling our finances so much better. It is not expensive, although it is an addition cost to your accountancy package. If you have nothing to integrate into (in our case it was Xero), then it would probably not be that useful, but for anyone else, I think it would save you hours or more.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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.
Nicola (Nicki) Morris | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Well suited to any business (sole proprietor, partnership or corporation) that has team members with expenses and receipts. It is also well suited for any business that wants to improve its expense control and accuracy of expense tracking and allocations.
Alicia Gates, CPA | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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.
Tim Hoopmann | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Receipt Bank Practice Platform is well suited when you have a lot of clients on Receipt Bank. We had over 90% of all clients on Receipt Bank so it was a very useful tool. In the early stages of bringing on new clients to Receipt Bank, it may not be as effective. Once you get to 10+ I believe it becomes a game changer. Is all about managing the bookkeeping process internally and Practice Platform helps streamline this process.
Return to navigation