The role of the bookkeeper has changed. Bookkeeping is no longer about data entry, instead it’s a role that focuses on the integrity and accuracy of the your accounting data. Thanks to amazing tools like Receiptbank, small to medium clients of Numbersowl are benefiting from efficient, accurate and yes, cheaper bookkeeping.
No longer is there a need to forward boxes on receipts and invoices to your bookkeeper. Instead, you send invoices and receipts to Receiptbank. It doesn’t matter if you are on the go, or sitting at a desktop. You can forward invoices to Receiptbank using a personalised email address or even snap a photo of a receipt using the mobile apps (iOS and Android). You can even avoid all of this by using the automated fetch process where invoices are obtained directly from your suppliers website.
The real magic starts when the documents are received. Using an automated process that has been developed over many years, Receiptbank extracts key data from the invoice, the supplier, the amount spent, the currency, the invoice number and even the payment method. Your bookkeeper will review this information once and set up automation for the supplier ready for the next invoice. All invoices will be sent to Xero, ready for payment and reimbursement.
With Numbersowl and Receiptbank your bookkeeping is done within hours of receiving the invoice, not weeks or months.
Some of the features of Receiptbak
SUBMIT RECEIPTS ON THE GO
No more pockets full of receipts. Snap a photo using the mobile app as you spend the money, then dispose of the receipt. It’s that easy.
Set rules for each supplier, so that you know the expense is recorded in Xero the right way the first time. No more data entry next time, receiptbank will recognise the supplier and send the invoice to Xero ready for payment - fully coded.
NO MORE LOST RECEIPTS
Losing receipts is a problem of the past with Receiptbank. With every receipt and invoice stored in the cloud for 7 years, even after you stop using receiptbank, you comply with GST and income tax without hassle or shoeboxes.
Have a question about Receiptbank?
Are you ready to reduce data entry and improve the way you store invoices. We are ready to help you move to receiptbank. leave us a question and our team of Bookkeeping experts will get back to you.