Member Article

QuickBooks Online Adds Receipt Bank

Small businesses and accountants to save hours of time and reduce errors through integration of receipt management app with QuickBooks Online ecosystem

Intuit, the largest provider of back office software to small businesses in the world, has announced that it has integrated the popular Receipt Bank app into its QuickBooks Online system. Receipt Bank helps remove the data entry hassle of processing invoices, bills and receipts by allowing small businesses and accountants to submit invoices and receipts using a smartphone app. The integration with QuickBooks Online will allow users to seamlessly use Receipt Bank’s service and manage more of their finances from one place, removing the hassle of juggling multiple pieces of software. The integration will also allow users to reimburse expenses unlike some other providers.

Receipt Bank – the latest addition to the large and rapidly growing QuickBooks Online ecosystem - is already used by more than 10,000 small businesses and finance professionals globally to save hours of manual entry, improve data accuracy and safely store their receipts. QuickBooks Online users can now submit receipts using the Receipt Bank app, email or post; the information will be uploaded to QuickBooks Online and properly classified under categories such suppliers, expenses, as well showing up in the P&L.

Rich Preece, VP and UK Managing Director at Intuit commented: “Everyone hates dealing with receipts; they get lost, damaged, are a pain to enter and it’s easy to make mistakes. Now you can scan them in on the move using the Receipt Bank smartphone app, and have them appear almost instantly and properly classified in QuickBooks Online.

“Adding Receipt Bank is a great example of how we are constantly innovating to make our customers lives easier so they can concentrate on the important things. Our customers have told us they really wanted a way to ease the hassle of manually entering receipts. With Receipt Bank’s integration with QuickBooks Online, we’re delighted to bring it to them. The integration adds to our growing ecosystem of applications that help small businesses and accountants manage their finances and grow their business from one place.”

“I am delighted with QuickBooks Online’s partnership with Receipt Bank”, said Charlie Carne of Charlie Carne & Co, Chartered Accountants. “The ease with which my clients can now upload their purchase invoices and expense receipts directly into QuickBooks Online will dramatically improve the efficiency of our work. Our bookkeepers can now spend more time on valued-added work, as much of the data entry is automated. We can now provide a quicker and more responsive service for our clients, with much more timely reporting.”

Nelson Da Silva, Partner Manager at Receipt Bank said, “The days of a small business owner taking a shoebox full of receipts to their accountant at the end of each month are over. Using Receipt Bank within QuickBooks Online gives small businesses and accountants the ability to process receipts and invoices instantly. This enables them a real-time view of what is coming in and going out of a business. We estimate that using our software saves accountants one hour per week, per client.”

This was posted in Bdaily's Members' News section by Rich Preece .