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About Receipt Bank
Receipt Bank is a smart expense tracker and receipt scanner app designed for small and medium-sized businesses, accountants, and bookkeepers who need to automate bookkeeping and eliminate manual data entry. Powered by advanced AI and OCR technology, it captures financial data with 99.9% accuracy, giving you complete control and clarity over your business finances in one secure platform.
Capture receipts in seconds and let the app handle the rest. Simply snap a photo of a receipt, upload a PDF, or forward an invoice—Receipt Bank extracts key details like supplier name, amount, and tax information automatically. The intelligent system categorises transactions on its own, learning from your patterns over time to detect duplicates and verify totals without your intervention. Gone are the days of lost paperwork and error-prone spreadsheets; your financial data is instantly organised and ready to use.
Stay on top of your spending with intuitive smart filters and quick search functionality. Monitor expenses by date, amount, or category, and collaborate seamlessly with your accountant or bookkeeper through the secure platform. Real-time integrations with QuickBooks and Xero sync your data instantly, ensuring your accounting software stays up-to-date without extra effort. For businesses tracking mileage, the built-in GPS feature logs business trips in a single tap, turning mobile expense tracking into a frictionless workflow.
Security and compliance are built into every layer. Your data is protected by bank-level encryption and stored on GDPR-compliant UK and EU servers, with full cloud archiving for audit readiness and regulatory confidence. A secure vault keeps important business documents—licences, receipts, certificates—organised and accessible whenever you need them.
While the mobile app excels at fast capture and smart automation, the web platform unlocks the full potential of Receipt Bank. Connect with over 11,500 banks and e-commerce platforms including Shopify, Amazon, Stripe, and PayPal. Create custom automation rules, set up approval flows, manage multiple users with role-based access, and analyse spending patterns in detail with flexible export options. Track expenses by department or project, and maintain complete visibility across your entire business.
Trusted by over 700,000 businesses and 12,000 accounting firms worldwide, Receipt Bank delivers measurable results: save time with automated extraction and categorisation, reduce costly errors through AI-powered precision, and sync seamlessly with your existing accounting tools. Join businesses winning with intelligent expense management today.
Pros & Cons
Pros
- Captures receipt data with 99.9% accuracy using AI and OCR technology
- Automatically categorises transactions and detects duplicates without manual work
- Real-time syncing with QuickBooks and Xero keeps accounting software updated
- Bank-level encryption and GDPR-compliant servers protect sensitive financial data
Cons
- Mobile app has limited features; web platform required for custom rules and detailed analytics
- GPS mileage tracking runs continuously in background, consuming battery on tracking days
- Requires account creation and login before any receipt scanning can begin
- Advanced integrations with 11,500+ banks and platforms only available on web version
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