We understand that the time you spend on your bookkeeping and expenses could be better spent building your business.
Therefore, we’re pleased to announce our adoption of Receipt Bank, an award winning Xero add-on which removes the burden of data entry and gets rid of your boxes of paper.
Receipt Bank digitally processes your receipts. Every year businesses lose money by not claiming all the expenses they incur: Receipt Bank helps you avoid this.
Receipt Bank is an online service which automatically extracts key data from receipts and invoices. Just snap a photo using the free smartphone app or forward on email invoices to the system where clever software will draw out the figures, ready for you to export out directly into your accounting system or Excel. There is also a postal option which is great if you have a backlog of receipts which are piled up in a shoe box. Receipt Bank works just as well for a one-person business as it does for larger businesses.
Receipt Bank also stores an online version of the receipt, helping business to go paperless. Images are stored securely online for 6 years, in line with HMRC requirements.
Now that HMRC accept the digital storage of receipts and invoices as proof of purchase – it’s finally time to say goodbye to all those little bits of paper!
We will have access to your Receipt Bank account enabling us to manage your expenses from there. The partnership with Receipt Bank is an example of how Accounting Wise is continually taking advantage of new technology to help our clients improve their businesses and focus on what matters.
Use Accounting Wise as your Receipt Bank Accountant.
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