Wednesday, September 25, 2024

Receipt-AI is Available to QuickBooks Global Customers

Share this article:

Made in the USA, Receipt-AI is available to QuickBooks Online customers globally✌️

Managing expenses can be a time-consuming and error-prone task for businesses. Receipt-AI has now made managing expenses easier for QuickBooks global customers with its international launch. No matter if you are in the UK, Panama, Australia or New Zealand, you can connect your QuickBooks Online account with Receipt-AI.

What is Receipt-AI?

Receipt-AI is an AI-powered tool that scans, reads, and (coming soon) categorizes receipts automatically in QuickBooks and Xero. Users can upload their receipts via SMS, email, or website upload, and the AI extracts key details like vendor name, amount, date, and line items—eliminating the need for manual entry.

The more you use it, the smarter it becomes, learning from previous actions to better predict and categorize future receipts.

Impact on Global Businesses

1. Small Business Advantage

Receipt-AI is especially valuable for small businesses, many of which struggle to allocate resources to full-time accounting staff. With this feature, even businesses with lean teams can manage their finances effectively and reduce the burden of manual bookkeeping.

2. Improved Decision-Making

Accurate and real-time expense tracking helps business owners make more informed decisions. With Receipt-AI ensuring that all expenses are logged and categorized, companies can better assess their spending patterns and cash flow.

3. Tax Season Preparation

For businesses across the world, tax season can be stressful, especially when it comes to organizing receipts. With Receipt-AI’s digital storage and categorization, businesses can prepare for tax filings effortlessly, no matter the jurisdiction or regulatory requirements.

AI in Accounting

Receipt-AI is changing how businesses handle expenses. Now available globally to QuickBooks Online users, it helps reduce manual work, improve accuracy, and keep better financial records. It’s another step toward automating accounting tasks.

As we grow, you can expect even more features to help your business stay organized, efficient, and ready for the future.