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Wednesday, November 06, 2024

What does the Expense look like in QuickBooks with Receipt-AI?

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Introducing One-Click Reconciliation with QuickBooks and Receipt-AI: Screenshot of an expense record titled 'Expense #Receipt-AI.com-1417' for $87.50. The payee is Pye's Cake, and the payment is from a checking account with a balance of -$134,090.12. The payment date is June 5, 2023. The expense is categorized under 'Meals and Entertainment,' with a description of 'Pye's cake.' An attachment named '2023-06-05_pye’s-cake_87.50.png' is included. There is also an option to manage tags.

Made in the USA, Receipt-AI extracts, renames, and uploads receipts to QuickBooks, then categorizes receipts based on your Chart of Accounts automatically for easy one-click reconciliation.

What steps has Receipt-AI automated in this workflow?

  • Capturing the receipt via SMS, Email or Website Upload

  • Renaming receipt files for future reference

  • Entering details like the vendor, date, total, and memo

  • Selecting the correct Chart of Account code

  • Attaching the receipt to the transaction

  • Reconciliation

    • Learn more: How to upload Receipts using Receipt-AI

    One-Click Reconciliation

    QuickBooks Integration

    Expense Management

    Accounting Workflow

    Receipt AI

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    Screenshot of a 'Spend Money' transaction record in Xero. The transaction is for Central City Parking, dated June 30, 2024, with a total amount of $12.00. The details show a unit price of $10.98 and a sales tax of $1.02. The transaction is categorized under the 'Automobile' account. A related file named '2024-06-30_central-city-parking_12.00_.jpeg' is attached, shown in a pop-up with an option to add files. The bank account listed is a checking account at City National Bank.
    What does the Transaction look like in Xero with Receipt-AI?
    Invoice vs Receipt: Close-up of a thermal printer ejecting a receipt with printed details visible, including a timestamp, itemized charges, net and VAT amounts, and a total sum. The receipt is partially curled as it exits the machine, suggesting a recent transaction. The focus on the receipt and the printer emphasizes the completion of a sale, which is often confused with an invoice that instead requests payment. Receipt-AI works with both receipts and invoices to extract information, rename the files, and upload them to your accounting software, such as Xero or QuickBooks.
    Invoice vs Receipt
    Graphic showcasing 'Simplified Reconciliation' with Receipt-AI. It describes the process where the receipt file is renamed and uploaded to QuickBooks to facilitate easier reconciliation. The image includes a cloud symbol, indicative of cloud storage or computing, an arrow pointing towards the QuickBooks logo, symbolizing the transfer or upload of data.
    Simplifying Accounting with Receipt-AI and QuickBooks
    The image is from "Receipt-AI", which allows users to manage receipts using AI and SMS. The background is black, creating a sharp contrast for the white and green elements. On the left side, large, bold white text reads "Manage Receipts with AI and SMS." Below this, in a handwritten-style white font, it says "Take a picture and Text," with an arrow pointing to an illustration of a receipt. The receipt illustration is simple, with a heading labeled "RECEIPT," and line items and prices listed below, such as "Pizza - $5.00," "Fettuccine alfredo - $20.00," and a total price at the bottom, all inside a green circular background. On the right side of the image, there is a smartphone displaying a text conversation. The screen shows a photo of a physical receipt from "Punky's" restaurant. The text conversation includes a message saying "Dinner with clients," followed by an automated response saying, "Thank you for the receipt." Overall, the image effectively communicates the concept of using Receipt-AI and SMS to simplify receipt management by capturing and processing receipts via text messages. The inclusion of "Receipt-AI" branding reinforces the service's identity.
    Receipt-AI: Take a picture and text
    Receipt-AI new feature: Upload Receipts using Email: Illustration of a computer and smartphone with code on their screens, symbolizing the new Receipt-AI feature. Yellow envelopes are flying from the devices towards a stylized global map in the background, representing the ability to upload receipts via email from anywhere in the world.
    Receipt-AI new feature: Upload Receipts using Email

    Start uploading Receipts using SMS.

    Save 97% of your time with efficient receipt processing

    Works with Xero and QuickBooks

    Perfect for businesses, big and small

    No extra app downloads. Works with tools you already have (Email and SMS)

    Start texting receipts →
    A working professional traveling at a client site smiles as he takes a photo of a receipt with his smartphone. He plans to upload the receipt using SMS and Receipt-AI, which is integrated with Xero or QuickBooks, while sitting in a cozy café environment. Indicating the ease of using the app.
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