Receipt-AI
AI EXPENSE MANAGEMENT
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Are lost receipts, manual data entry, and delayed reimbursements draining your time and money? If your business still relies on outdated expense tracking methods, you're wasting valuable resource...
Feb 13, 2025 | 2 min read
ACCOUNT RECONCILIATION
In accounting, reconciliation is the process of ensuring that two sets of financial records are in agreement. It involves comparing internal financial records with external statements, such as bank...
Dec 11, 2024 | 4 min read
BOOKKEEPING AUTOMATION TOOLS
Double-entry accounting is a systematic method of recording financial transactions in which every transaction affects at least two accounts. It forms the backbone of modern bookkeeping and accounti...
Dec 11, 2024 | 3 min read
FORENSIC ACCOUNTING
Forensic accounting is a specialized field of accounting that focuses on investigating financial discrepancies, fraud, and disputes. Combining accounting, auditing, and investigative skills, forens...
DIGITAL BOOKKEEPING
The accounting equation is one of the foundational principles of accounting, providing a clear and concise framework for understanding the financial position of a business. It serves as the backbon...
COST ACCOUNTING
Cost accounting is a branch of accounting that focuses on the recording, analysis, and reporting of costs associated with the production and operation of a business. It aims to measure, manage...
Dec 11, 2024 | 2 min read
FINANCIAL RECONCILIATION
Reconciliation, in a financial context, is the process of comparing two sets of records to ensure their accuracy and consistency. Typically, it involves matching internal financial records, such as...
Nov 20, 2024 | 3 min read
CHART OF ACCOUNTS BASICS
A chart of accounts is like a big list that helps a business organize its money. It shows all the places where the business receive or spends money, like a "bank account," "office supplies," or "sa...
Nov 15, 2024 | 2 min read
ENVIRONMENTAL CONSULTING
The recent Ohio train wreck accidents have raised major concerns due to soil contamination with hazardous chemicals, posing serious risks to the environment and public health.Environmental cons...
Jun 21, 2024 | 5 min read
FORENSIC ENGINEERING
Forensic engineers are often referred to as the “CSI of the building world.” When a dispute arises, they investigate the source, cause, and responsibility of the incident. Whether it’s a crack in a...
May 30, 2024 | 4 min read
LINE ITEM EXTRACTION
Extracting line items from receipts can significantly improving how businesses handle expenses, budgeting, and data analysis. Here’s an in-depth look at the advantages of extracting receipt line it...
May 14, 2024 | 3 min read
RECEIPT AI
We've just upgraded your experience with Receipt-AI 🥁🥁🥁 Upload your receipts and we will automatically extract line items for you. Imagine the time you'll save and the precision you'll gain in tr...
May 09, 2024 | 2 min read
RECEIPT SCANNER
1. It works with all types of phone. Whether it's an iPhone, Google, Samsung, Motorola or Blackberry, Receipt-AI is compatible with all of them. As long as you have a phone number from the US or Ca...
Apr 25, 2024 | 2 min read
AI ACCOUNTING
AI is transforming accounting, automating routine tasks, and providing powerful tools for analysis and insight. However, the full range of accounting still really needs the unique depth and breadth...
Apr 22, 2024 | 4 min read
AUTOMATED BOOKKEEPING
We know how tedious it is for accountants to track down receipts. Providing a user-friendly tool, Receipt-AI has been a game-changer for many of our customers. Here’s how the combination of Receipt...
PURCHASE ORDER
A purchase order (PO) is a formal document issued by a buyer committing to pay the seller for the sale of specific products or services to be delivered in the future. It outlines the specifics of t...
Mar 13, 2024 | 3 min read
PAPER RECEIPT
Paper Receipt: Pros: 1. Universal Acceptance: Paper receipts are universally recognized and accepted by tax authorities. Cons: 1. Vulnerability to Damage: Paper receipts can easily be lost, damage...
Mar 07, 2024 | 4 min read
CONSTRUCTION RECEIPT
In the construction industry, projects are high-cost and tracking expenses can be challenging with teams constantly on-site. A key component for financial management is the construction receipt. Th...
Mar 04, 2024 | 3 min read
This article will explore the key differences between a purchase order and an invoice, their roles in business transactions, and how they contribute to effective financial management and accountabi...
Mar 01, 2024 | 3 min read
PO NUMBER
A PO number, also known as 'Purchase Order number', is a unique identifier assigned to a specific purchase order document. A purchase order(PO) is a formal document issued by a buyer committing to ...
Feb 29, 2024 | 4 min read
RECONCILE BANK ACCOUNT
Compare your own records of your spending with your financial institution's records. * Everfi module 1 - Banking Basics. 1. Collect your records Collect all relevant financial documents reflect...
Feb 23, 2024 | 3 min read
RECONCILE BANK STATEMENT
To avoid spending more than what's in your account. To detect any errors in your account. To determine if you were charged any fees. (All of the above) * Everfi module 1 - Banking Basics. Rec...
Feb 23, 2024 | 2 min read
RECONCILE
What is reconciliation? Reconciliation is the process of checking and correcting differences between two sets of records to ensure they match correctly. For instance, when using accounting softwa...
Feb 21, 2024 | 3 min read
CONSTRUCTION EXPENSE
Travel expenses for construction workers can be quite specific to the nature of the work, which always involves moving between different job sites, sometimes in different cities or states. Here a...
Feb 01, 2024 | 3 min read
QuickBooks and Xero are two of the leading accounting software platforms. They are designed to help small and medium-sized businesses manage their finances. 1. History and Market: QuickBooks: D...
Jan 14, 2024 | 4 min read
WHAT IS RECEIPT
An invoice and a receipt are both documents related to the process of buying and selling, but they serve different purposes. Which one should I upload for expenses? A receipt is better. If you hav...
Dec 28, 2023 | 2 min read
Howdy Ho! As we approach the holiday season, here are some fun updates we'd like to announce: 1. We've made Folder AI available to all subscription plans. This is our number 1 requested feature. ...
Dec 23, 2023 | 1 min read
BEST RECEIPT APP
1 You and your team are always on the go. Attending conferences, meeting clients, or on job sites—using a phone is just 10x more practical. Texting provides a quick way to handle receipts and expen...
Oct 12, 2023 | 3 min read
CONTRACTOR RECEIPT
Do you find it challenging to keep track of receipts and PO numbers (Purchase Order) while working on site? With the demands of the job and the team constantly moving, it's easy to lose track of r...
Aug 16, 2023 | 3 min read
QUICKBOOKS RECEIPT SCANNER
Since November 3rd, 2023, Receipt-AI has been available in the QuickBooks store. Visit Receipt-AI on QuickBooks store: [] What is Receipt-AI? Receipt-AI is a receipt management tool that utiliz...
Jul 16, 2023 | 3 min read
We recently launched a new feature that allows customers to upload receipts to QuickBooks using text messages. Having worked with both Xero and QuickBooks, we have so much empathy for accountants...
Jul 16, 2023 | 1 min read
EXPENSE REPORT
Expense reports are used to track and document the costs associated with business-related expenses, including travel, meals, accommodation, transportation, office supplies, and other reimbursable o...
Jun 29, 2023 | 2 min read
MEMORY
If you have just started building your Rails app and discovered that your memory quota is reaching nearly 1 GB - that's not normal. Fortunately, I have the exact solution for you. I've successfully...
Jun 29, 2023 | 3 min read
RUBY ON RAILS
We were trying out the new hosting tool, Render, for Receipt-AI.com, and we ended up regretting it. Even though we were paying for their starter plan, we experienced numerous disconnection issues. ...
Jun 29, 2023 | 5 min read
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