We are pleased to announce that we have integrated the popular Receipt Bank app into QuickBooks Online. You can now send receipt data to QuickBooks Online with no data entry required.
— Intuit QuickBooks UK (@QuickBooksUK) July 3, 2014
Gone are the days of having to manually enter multiple of individual receipt expenses each month. The Receipt Bank app allows you to simply take a picture of the receipt or invoice and then automatically extract and publish the data to Quickbooks Online.
Receipt Bank removes the hassle of processing invoices, bills and receipts by allowing small businesses and accountants to submit invoices and receipts via smartphone, email and post which it then converts into data for a company to use.
The integration of Receipt Bank with QuickBooks Online allows users to seamlessly use the service within the platform, where receipt information will be classified under suppliers, expenses and show up in the P&L. This improves data accuracy, safely stores all receipts and save hours of manual entry.
Please visit the Receipt Bank + QuickBooks Online Integration page to connect both services. See the QuickBooks add-ons page to find more than 40 add-ons and apps that connect with QuickBooks Online.
Full press release shown below:
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
London, July 7th 2014 – 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.”
For more information and to see a product demo please use the following link: http://ukmentor.kinsta.com/8577/popular-receipt-bank-app-now-integrates-quickbooks-online/
Intuit QuickBooks is the worldwide leader in cloud business management because it offers small businesses an unprecedented ecosystem of easy-to use solutions to drive growth. QuickBooks has evolved from the world’s number one small business channel to the world’s small business operating system – an open platform that was redesigned from the ground up to help small businesses get the most out of the cloud. QuickBooks Online is available in 124 countries and has been translated in 12 languages. For more information, please visit http://www.intuit.co.uk/quickbooks-accounting-software.jsp.
About Intuit in the UK
Intuit in the UK helps small businesses get paid, manage their money and pay their employees, and accounting professionals be more productive and grow their practices. The company’s flagship products in the UK include QuickBooks, QuickBooks Online, QuickBooks Payroll and Intuit Pay. For more information visit www.intuit.co.uk
Intuit Limited is a company registered in England and Wales (Company No. 2679414) with registered address and principal place of business in 1 Cathedral Piazza SW1E 5BP London. Intuit Limited is a subsidiary of Intuit Inc.
About Receipt Bank
Receipt Bank’s aim is to remove the burden that receipts and invoices place on small businesses.
Working with bookkeepers, accountants and with small businesses directly, Receipt Bank has developed its software and service to make the gathering, storage and processing of receipts and invoices as easy and as cost effective as possible.
Founded in 2010, our award-winning service is used by accountants and bookkeepers around the world to improve their efficiency and to improve the service they can offer their clients. Receipt Bank integrates directly with the leading bookkeeping software packages and with other software that help us in our mission – to free small businesses from the data entry of receipts and invoices!
Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.
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