Dext is a pre-accounting software that helps companies and chartered accountants save time collecting and collating important information. A single platform helps you in sorting the documents and integrating them with the accounting system. With the Dext software, you may send expense reports and business expenses using a short click. All the information is categorized and safely stored for you to use.
- Expense Tracking
- General Ledger
- Payroll Management
- Purchase Order Management
- Deployment: Cloud Based, Web Based, SaaS Based, Installed - Mac, Installed - Windows, iPhone / iPad, Android
Dext Prepare Users
- Live Support
Company Name: Dext
Headquarter: United Kingdom
Overall: Time. This saves time . It also provides peace of mind.
Pros: The AI behind this software is smart and adaptive. The OCR recognition can identify the debit/credit card used on a submitted receipt and match that receipt payment to the specific bank account in your accounting software so you can avoid sending payments to the wrong account. For accounting firms, the bundled pricing is a great value to share with your clients. It does not just push the data to your accounting software, but will search your transactions in the software to try to find matches and will sync up the payments with ease.
Cons: While they are doing good with the fetch option for online invoices (they can pull the statements and invoices from online billers, such as cell phone or internet), they do not have the capability, currently, to pull bank statements. Add this feature and we have an unmatched solution to this expense capture sector in my opinion.
Pros: Very easy to use. The interface is clear and user-friendly. The lack of mandatory expense reports is a big plus in my view. When we used Expensify we had various issues dealing with expense reports. They aren’t really necessary for our process, so eliminating them saves time. Also, now an issue with one transaction won’t hold up the rest of the report. The OCR is very accurate compared to our previous software (Expensify and Veryfi), and did seem to learn how to read different vendors’ invoices when I had to make some corrections (e.g. pulling invoice date instead of order date). Customer support was responsive and had a great attitude. Pricing is transparent and inexpensive compared to some competitors. Works well for both employee expenses and general accounts payable.
Cons: OCR processing time is slower than we would like. Items can be processed manually when needed, however. Multiple approval flows would help manage expenses by department. Doesn’t integrate correctly with our bank. This seems to be an issue with our bank and the third-party integration software, but still.
What do you like best?
I love the fact that the auto-publish function is accurate. It is excellent that the bank connect and double invoice functionality is available. This is how Receiptbook would notify me whether an invoice is in Xero is already present and allow me to make an edit without re-entering the information over and over.
What do you dislike?
Another disadvantage is that the Receipt Bank does not store multiple line extraction and the line extraction names for each code
What do you like best?
Each user can have their own email-in address, the software reads the receipts by itself to make entry very quick, items sync into accounting systems even after the transaction has been reconciled, and there’s a report that shows missing receipts for transactions in the accounting system. There are also integrations into other systems to reimburse expenses to employees with the ability to create expenses reports.
What do you dislike?
NA – Receiptbank helps to verify information for accounting recordkeeping. It is a very simple to use receipt management system.
So far I really like the program, it’s improved a lot since I first started using the program. The surprise feature/pricing structure change was not pleasant, working with another accounting firm I know they felt the same.
I love that my clients can use their phones to send me documents. During audits and reviews it’s easy to download excel spreadsheets with links to corresponding document images. It syncs with QuickBooks Online which is a definite must.
The program has a hard time with tax codes, especially custom tax codes used for Charities, NPO’s, and Meal/entertainment codes. The document fetching and statement fetching is lacking, the only thing it has been able to fetch (for all my and my clients businesses) is one Rogers account and my Receipt Bank invoice.