Receipt Bank streamlines your accounts payable process by extracting the data from your supplier bills via optical character recognition. This dramatically reduces the time required to manually process bills and expense receipts.
Once some settings are established, documents are emailed or uploaded into Receipt Bank, which then automatically processes the data in the documents and makes them ready for publishing to Xero. Documents can be manually inspected first or automatically published to Xero.
Receipt Bank can handle supplier rules, multiple line items and foreign currencies.
There is also a mobile phone app for efficient processing on the go. Receipts can be photographed and uploaded instantly.
This solution is essential for anyone who needs to process manual documents for accounts payable—whether you manage it yourself or whether we manage it for you, it is an excellent system for processing supplier bills and attaching the relevant documents automatically in Xero.