Dext Prepare (with Receipt Bank)

Dext Prepare (with Receipt Bank)

Score 8.0 out of 10
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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Recent Reviews

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 …
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Popular Features

View all 15 features
  • Expense management (5)
    6.5
    65%
  • Dashboards (5)
    5.3
    53%

Reviewer Pros & Cons

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Video Reviews

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Pricing

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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.

3.5Avg 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.

3.9Avg 8.1

Reporting & Analytics

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

5.8Avg 7.5

General Ledger and Configurable Accounting

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

4.2Avg 7.4
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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 Expense management highest, with a score of 6.5.

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

(1-10 of 10)
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Russell Barnett, EA, CTS | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
  • 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.
March 04, 2022

Avoid.

Score 1 out of 10
Vetted Review
Verified User
  • Doesn't matter
  • cause there are
  • more and more options every day
  • Customer service
  • Honesty
Score 9 out of 10
Vetted Review
Verified User
  • Imports invoices and receipts via email or integrations
  • Converts into data and remembers previous settings for seamless processing
  • Integrates with a huge amount of accountancy packages (in our case Xero)
  • Handles billing data, tax information, and much more
  • The system to automatically pull invoices in from various online services is temperamental
  • Almost too many features for a micro business like ours
Nicola (Nicki) Morris | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • 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)
Alicia Gates, CPA | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
  • 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!
  • 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.
Tim Hoopmann | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • 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.
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