ReceiptBank makes business life easier
March 28, 2018

ReceiptBank makes business life easier

Nicola (Nicki) Morris | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Receipt Bank Practice Platform

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
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
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.