Receipt Bank

Bookkeeping paperwork becomes data ready for reconciliation with Receipt Bank, a digital tool. The company claims a user base above 360,000 businesses, along with 50,000-plus accountants and bookkeepers, and says the tool saves practices and their clients both time and money.

Paperwork from every direction

The service takes paperwork from all places and digitises it. That includes documents from supplier portals and utility providers, and receipts that have ended up in a glove compartment. Instead of typing figures from each document, the bookkeeper receives the information in a form that can be matched to the accounts.

Snap, save and sort

Clients use Receipt Bank to snap, save and sort their paperwork in seconds. For an accountancy practice this moves the effort of gathering records on to the client, in a quick step, and leaves the practice to review and reconcile.