Receipt AI

About Receipt AI

Receipt AI key features

• **SMS and Email Receipt Upload**: Users can upload receipts by sending a photo via SMS or forwarding an email, making it convenient to manage receipts on the go.
• **Automatic Data Extraction**: Receipt AI automatically extracts key details from receipts, such as date, vendor, tax, and total, and categorizes them based on the user's Chart of Accounts.
• **Integration with Accounting Software**: The application seamlessly integrates with QuickBooks and Xero, allowing for automatic syncing of receipts and expenses.
• **One-Click Reconciliation**: Users can quickly match uploaded receipts to transactions in their accounting software with a single click, streamlining the reconciliation process.
• **Support for Multiple Document Types and Languages**: Receipt AI supports various document types (e.g., invoices, checks) and can process receipts in 39 different languages, catering to a global user base.

Receipt AI use cases

• **SMS and Email Receipt Upload**: Users can upload receipts by taking a picture and sending it via SMS or email, allowing for quick and easy expense tracking on the go.
• **Automatic Data Extraction**: Receipt AI automatically extracts key details from receipts, such as date, vendor, tax, and total amount, streamlining the expense reporting process.
• **Integration with Accounting Software**: The application integrates with QuickBooks and Xero, enabling users to automatically categorize and sync receipts directly into their accounting systems.
• **One-Click Reconciliation**: Users can reconcile expenses with a single click in QuickBooks or Xero, reducing the time spent on manual matching and improving accuracy.
• **Custom Categories for Expense Tracking**: Users can create custom expense categories that fit their workflow, allowing for tailored organization of receipts without needing a formal chart of accounts.

Useful for

• **Time Efficiency**: Receipt AI saves users 97% of their time by allowing them to upload receipts via SMS, email, or drag-and-drop, streamlining the expense reporting process.
• **Automatic Data Extraction**: The application automatically extracts key details from receipts, such as date, vendor, tax, and total, reducing manual data entry and minimizing errors.
• **Seamless Integration**: Receipt AI integrates directly with popular accounting software like QuickBooks and Xero, enabling automatic categorization and syncing of expenses for easy financial management.
• **Enhanced Organization**: Users can categorize receipts into custom folders, making it easier to track and manage expenses according to their specific needs.
• **Security and Privacy**: All data, including receipts and account information, is encrypted and securely protected, ensuring user privacy and data integrity.

Price

• Receipt AI offers a free trial for users to start uploading receipts.
• Custom Categories feature is available on Business Basic and higher plans.
• One-Click Reconciliation is included in Business Basic and higher plans, allowing automatic matching of receipts to transactions.
• Receipt AI integrates with QuickBooks and Xero, but requires a Business Basic plan or higher for this functionality.
• The Pro plan is designed for individuals and does not include accounting software sync.