Monday, September 23, 2024

Receipt or Not a Receipt? Introducing Receipt Detection in Receipt-AI

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We are using Turkey's picture (Our logo) to show you what it looks like when a non-receipt document is uploaded to Receipt-AI.

Receipt-AI instantly detects whether an uploaded document is a receipt and flags non-receipts as 'Not Receipt' with a 'Review Required' status. This helps simplify your document management for easier accounting.

Managing financial documents just got easier with Receipt-AI's latest feature: Receipt Detection. This smart new tool instantly identifies whether an uploaded document is a receipt, meaning you no longer have to sift through piles of unrelated documents—Receipt-AI will do it for you.

How Receipt Detection Works

1. Image Analysis: When you upload a receipt using SMS, email, or through our website, Receipt-AI uses advanced image recognition AI to check if it matches common receipt characteristics, like text layout and format.

2. Text Recognition: Our AI scans the text to look for typical receipt elements such as dates, vendor names, total and line item details.

3. Real-Time Processing: All of this happens in seconds, providing you immediate feedback so you can move forward quickly.

Improve Your Accounting Workflow

If you’re connected to Xero or QuickBooks, Receipt-AI automatically blocks non-receipt documents from uploading to your accounting software, ensuring only real financial documents are added. This helps keep your accounting records accurate and easy to manage.

Common Use Case: Email Receipt Attachments

When forwarding email receipts to Receipt-AI, unrelated attachments like logos or icons often slip through. Our Receipt Detection filters out these non-receipt documents, flagging them as ‘Not Receipt’ and marking them as ‘Review Required,’ waiting for your review.

Historical Challenge and Background

Before automated tools like Receipt-AI, managing receipts involved manually sorting through paper stacks or scanned files. This process was time-consuming and prone to human error. Having to click through every receipt in accounting software is a pain for many customers. The introduction of Receipt Detection has changed the game by automating the identification process. Now, only relevant documents are processed, reducing the manual workload significantly and improving overall accuracy.

Tips for Using Receipt Detection Effectively

Ensure High-Quality Scans: Make sure your receipts are easy to read by having good lighting and nothing blocking the important details for the best results.

Use Supported Formats: Receipt-AI supports receipt formats including JPEG, PNG, PDF, TIFF, WEBP, HEIC or HEIF.