We understand that the time you spend on your bookkeeping and expenses is better spent building your business. No more storing receipts and invoices!
So we use Receipt Bank, the Xero add-on, to remove the burden of data entry and get rid of boxes of paper. Get in touch or read a bit more about why we use and love Receipt Bank.
Here’s how Receipt Bank works:
Your bank feed supplies Xero with the latest information on your cash in/out. The Receipt Bank feed adds to this by inserting your receipts and supplier invoices into Xero. By adding transactions that have yet to hit the bank account and the supporting documentation of your bank transactions, Receipt Bank ensures that your data in Xero is richer than ever before!
How to submit your receipts and invoices
You can submit your receipts and purchase invoices to Receipt Bank in a variety of ways! Via iPhone and Android apps, Dropbox, email-in, or upload from computer etc. You can even post your paper to Receipt Bank for them to scan and upload directly to your online account.
Receipt and invoice processing
Receipt Bank extracts the necessary data from the transactions and securely stores the scanned copies in your online account, ensuring your business has its records saved in an easily retrievable way.
How we work with Receipt Bank
We will have access to your Receipt Bank account enabling us to manage your expenses from there. The partnership with Receipt Bank is an example of how we’re continually taking advantage of new technology to help our clients improve their businesses!
More about Receipt Bank
Receipt Bank has developed its software and service to make the gathering, storage and processing of bills, invoices and receipts as easy and as cost effective as possible. Founded in 2010, our award-winning service is used by accountants and bookkeepers around the world to improve their efficiency and to improve the service they can offer their clients. Named as Xero’s Add-on Partner of the Year Australia (2013) and UK (2013, 2012). The seamless integration between Receipt Bank and Xero ensures the accounts payable and expense data flows straight into the books as close to real-time as possible.
Contact us to discuss how to implement receipt bank in your business.