Without fail, we always recommend Receipt Bank as a great pairing with a cloud accounting package to all new and existing clients that transition to the cloud. It is a great way to streamline your bookkeeping processes and with Receipt Bank capability of seamlessly integrating with the likes of Xero and QuickBooks Online, this means the two complement each other perfectly.
Use on the go
We are now a population where a vast majority of us carry our mobile phones on us consistently. Receipt Bank is an application, which can simply be downloaded onto your mobile phone, which means that it is readily available all of the time to take photos of all of your receipts. There is no longer an excuse for a lost receipt as you can simply snap and submit whilst on the go.
Cut out the middle-man
Alternatively, you can easily forward on emails, which include supplier’s bills to Receipt Bank. To cut out that intermediary action, you could alternatively ask your suppliers to send bills straight through to your dedicated Receipt Bank email address.
Automating future transactions
Another great feature is supplier rules, which simply means automating the way in which your bookkeeping is completed. By telling Receipt Bank what type of expenses you typically buy from a certain supplier, it allows the expense category, a project, class or location to a particular receipt or bill which can easily be published through into QuickBooks Online.
Working behind the scenes
Receipt Bank now allows an ‘invoice fetch’ feature meaning that it can access your supplier’s records and extract the bills you require for your bookkeeping. It is rare to get invoices from the likes of mobile phone providers or Amazon but with the help of this feature, they no longer have to be.
Expenses made easy
Easily track your expenses through Receipt Bank allowing you to keep track of how much you are owed back from your business at any point in time. Not only can you track personal expenditure, you can also mark certain expenses as billable so you can simply place these into your sales invoices in QuickBooks to be reimbursed by your customers.
Receipt Bank is revolutionising the way bookkeeping is done. No longer do you have to keep six years’ worth of business records filed away in the loft or clear out those drawers full of receipts at the end of the tax year and your accountant comes calling. All your businesses records will be easily accessible in the cloud in Receipt Bank and similarly in QuickBooks Online.
If you would like to find out how Receipt Bank could work for you get in touch with us today.
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