Spend Less Time on Manual Tasks With Receipt Bank

What is Receipt Bank?

Receipt Bank is inarguably the most efficient advancement in the bookkeeping business. It is a data extraction solution which allows easy and fast digital processing of bills, invoices, and expense receipts. Since all of the receipts are converted into data, you never have to worry about losing them anywhere. A survey by Capital One finance company found that 50% of the people who pay for their expenses first and claim later, end up not getting the full amount reimbursed. 42% of these people cited lost receipts as the reason behind not getting their money back. Receipt Bank practically eradicates this problem.

fathom-product-shot

How does Receipt Bank Work?

How we can assist you

Receipt Bank is very easy to use and significantly reduces the accounting related stress of business owners. All you need to do is snap a picture of your financial receipt and upload it to the Receipt Bank App. The App automatically extracts all the information from the receipt, including dates, vendor codes, the amount, and expense description. Once the data is extracted, you need to review it, then your entire receipt will be saved as data in our storage. The whole process is entirely effortless and provides several benefits for individuals and businesses, helping them to get more value out of their time and resources.

Some unique features of Receipt Bank

Receipt Bank has some convenient time-saving and resource-friendly features to help you and your business. Some of these features include:

Personalised email address

Receipt bank accountants provide you with a personalised email address which you can use to share your invoice or bills without worrying about any privacy concerns.

Direct data-fetching from your suppliers

Receipt Bank also enables you to have your supplier or vendor receipts directly sent to your receipt bank account without having to involve you in this tedious task.

Seamless integration with accounting software

According to information provider Bloomberg BNA, 27.5% of professionals cited incorrect data entry as the form of human error pervasive in their companies. Fortunately, Receipt Bank essentially eliminates this problem. As the data from receipts are automatically scanned, there is no room left for manual human data entry errors. This error-removal saves organizations a lot of time and money, which is otherwise wasted due to these errors.

 

Benefits of Using Receipt Bank

There are several benefits to using the receipt bank service for your accounting needs. Some of the significant benefits are:

No more wasted space

Once the receipts are scanned, they are stored online on the cloud-based storage system. This storage means that you now don’t have to worry about storing physical documents. You can get rid of the heaps and piles of receipts files as now they will all be stored on the receipt bank server. What this means for you or your business is additional clutter-free space cleared out which can be used for several other purposes.

}

Real-time data access and management

With all your expense receipts and invoices data stored online on your receipt bank account, you will always have all your accounting related information readily accessible. Whether you need a business or tax-related advice; bookkeeping services, or any other specialised accounting assistance. We will be able to assist you and manage your expenses directly using the receipt bank account.

q

No frequent manual data-entry errors

According to information provider Bloomberg BNA, 27.5% of professionals cited incorrect data entry as the form of human error pervasive in their companies. Fortunately, Receipt Bank essentially eliminates this problem. As the data from receipts are automatically scanned, there is no room left for manual human data entry errors. This error-removal saves organizations a lot of time and money, which is otherwise wasted due to these errors.

 

Why Choose Pearl Accountants

At Pearl Chartered Accountants, we always keep up with the latest and most cutting-edge technology to make sure you stay ahead in your business. One such development is our partnership with Receipt Bank, which allows our clients to process their receipts more efficiently than was ever possible.

The best part about Receipt Bank accounting is that it can easily be included in your monthly service packages. Call us now at 020 8582 0076 to get a quote. We’d love to hear from you!

Accountants London
Company Registration No. 07078392