Creating Efficencies with Receipt Bank

At Abacus, we are always looking for ways to create efficencies.  The majority of the time we recommend that our clients implement Receipt Bank to assist with processing invoices and receipts. 

So, how does it work?! Invoices and receipts are submitted to the software via a phone app, email, Post, dropbox or drag and drop upload.  The software reads the data on the invoice and sends that data to Xero to be reconciled with your bank account or be set for payment.

The things we love most:

• Less risk of data entry errors with the software reading the dates, invoice totals and GST directly from the invoice

• A copy of the invoice is saved in Xero as part of the integration meaning if we ever have any questions about transactions the documents are readily available

• The phone app! Take a photo of your receipts straight away and avoid misplaced invoices

• Supplier rules enable default coding so expenses all go to the right spots

• Auto publish any standard receipts will mean the invoice will appear in Xero without needing to do any processing

As a Partner of Receipt Bank our clients have access to a free Onboarding Service which includes:

• Comprehensive training on how to submit receipts & invoices using different submission methods.

• Mobile Onboarding through SMS invitation.

• Personalised reminders to submit your receipts & invoices. (based on previous submission behaviour)

If you would like to get started using Receipt Bank, or have Receipt Bank and need help, training or just want to ask a question please contact us.