Tired of manually entering invoices, bills and receipts into your accounting software? We know you are, because we are too! The great news is Xero connects to hundreds of third party add-ons, and Receipt Bank, Xero's Addon of the Year for 2015, is one of the most helpful. Your life is about to get a whole lot easier, because we're going to explain how this essential add-on works!
What does Receipt Bank do?
Receipt Bank identifies the important information on your invoices, bills and receipts, and automatically enters the data directly into Xero. You don't have to worry about manually entering expenses, forgetting to transfer data or even frustrating typo accidents. Spend less time processing your finances and more time managing your business!
How to Use Receipt Bank
Receipt Bank integrates directly with Xero. Once the add-on is set up, enter expenses the way you need to, no matter what their format. You can:
- Use the Receipt Bank app to take a picture of your receipt;
- Ask billers to send invoices directly to your Receipt Bank email address; or
- Forward HTML emails for online purchases to your Receipt Bank email address.
Regardless of how Receipt Bank receives your document, the data is entered into Xero and is there when you're ready to check in on your spending, generate reports or do your BAS.
Why do we love it?
One of the features that we at Digit love is that it helps us keep on top of businesses sending through their documents for us to process. A secret squirrel bookkeeping dashboard shows us how many transactions in Xero still need documents attached to them - it helps us work better with our clients, and streamline their bookkeeping.
Who is Receipt Bank for?
If you struggle to accurately keep track of and enter your expenses, using Receipt Bank with Xero will save you time, money and headaches. Whether you're an accounting firm, bookkeeper or a small business trying to manage your own finances, Receipt Bank handles the burden of entering expenses for you.
Your data entry hassle is over-don't waste another hour entering expenses! No more piles of receipts on your desks, and no more lost receipts. Get back to focusing on your business and stop worrying about bookkeeping with Receipt Bank.
If you're interested in learning how Receipt Bank can work for you and your business get in touch with the team at Digit today.
