Receiptsai logo

Receiptsai

ReceiptsAI automates data entry, extracts information, and simplifies expense tracking for small businesses for $12/month.
Visit website
Share this
Receiptsai

What is Receiptsai?

ReceiptsAI is a tool designed to help small businesses manage their bookkeeping more efficiently. It automates tasks such as manual data entry of invoices, receipts, and bank statements, categorizing transactions, and generating expense reports. Users can upload various document types like receipts, invoices, and bank statements in PDFs, PNGs, or JPEGs, and the AI within ReceiptsAI reads the documents, extracts necessary data, and categorizes them accordingly. The tool offers different pricing plans starting at $12/month and provides features like data extraction, exporting to Excel or PDF, generating reports, cloud backup, auto-categorization, and more. ReceiptsAI aims to simplify expense tracking for small businesses without the need for a full-time bookkeeper or expensive accounting software.

Who created Receiptsai?

ReceiptsAI was created by an individual who focused on simplifying bookkeeping for small businesses. The platform allows users to upload receipts, invoices, or bank statements, which are then processed using AI to extract relevant data. This founder recognized the common challenges faced by small businesses, such as manual data entry and tracking expenses, and aimed to provide a solution that saves time and effort. ReceiptsAI offers different pricing plans to cater to the needs of various businesses, starting at just $12 per month. Overall, ReceiptsAI aims to streamline expense tracking for small businesses without the need for hiring full-time bookkeepers or expensive accounting software.

What is Receiptsai used for?

  • Expense tracking
  • Automated data entry of invoices, receipts, and bank statements
  • Categorizing transactions
  • Generating expense reports
  • Document scanning for receipts, invoices, and bank statements
  • Data extraction from images or PDFs
  • Exporting data to Excel or PDF files
  • Generating reports quickly
  • Managing receipts for small businesses
  • Auto-categorization of expenses
  • Expense tracking with seamless AI assistance
  • Managing bookkeeping tasks efficiently
  • Seamless expense tracking for small businesses
  • Assistance with bookkeeping

Who is Receiptsai for?

  • Small Business Owners
  • Freelancers
  • Contractors

How to use Receiptsai?

To use ReceiptsAI, follow these steps:

  1. Sign Up and Choose a Plan:

    • Visit the ReceiptsAI website and sign up for an account.
    • Choose a plan based on your needs, such as the free plan for up to 30 documents per month or the paid plans for more features.
  2. Upload Documents:

    • Use the simple interface to upload receipts, invoices, or bank statements in various formats like PDFs, PNGs, or Jpegs.
  3. Document Scanning:

    • ReceiptsAI's AI reads the uploaded documents, detects the type of document, and extracts all relevant data automatically.
  4. Data Extraction and Export:

    • Select the data you want to export, such as merchant name, totals, tax, and more.
    • Download the extracted data as an Excel or PDF file with ease.
  5. Generate Reports:

    • Quickly create reports by letting ReceiptsAI gather all necessary information and generate reports for you.
  6. Utilize Additional Features:

    • Benefit from features like auto-categorization, cloud backup, editing receipts, expense reports, and error detection to streamline your bookkeeping process.
  7. Manage Your Receipts Efficiently:

    • Use ReceiptsAI to handle tasks like data extraction, categorization, and storage by simply uploading any receipt image or PDF.
  8. Save Time and Effort:

    • ReceiptsAI is designed to assist small businesses in tracking expenses seamlessly without the need for manual data entry or costly accounting software.

By following these steps, you can efficiently use ReceiptsAI to simplify your bookkeeping processes and focus on tasks that add value to your business.

Pros
  • Error detection in uploaded receipts
  • Includes error detection for accurate data management
  • Document Scanning for receipts, invoices, and bank statements
  • AI technology for data extraction
  • Works with various document types (PDFs, PNGs, Jpegs)
  • Ease of exporting data to Excel or PDF files
  • Generating reports quickly
  • Free plan available for limited document management
  • Paid plans offer increased document limits and features
  • Helps save time by automating receipt management
  • Suitable for small businesses without a full-time bookkeeper
  • Offers data extraction for receipt details like date, merchant name, currency, tax information, and totals
  • Supports cloud backup for receipts
  • Auto-categorization feature for receipts
  • Allows editing of receipts and creation of itemized receipts
Cons
  • No cons were specifically mentioned in the document for ReceiptsAI.
  • No integration with accounting software
  • Basic support on lower-tier plans
  • Expensive premium plan for high receipt volumes
  • Potential limitations in data extraction accuracy
  • Limited features compared to some competitors
  • No error detection mechanism
  • Limited support for itemized receipts
  • Inability to edit receipts
  • Absence of auto-categorization functionality
  • Lack of cloud backup feature
  • No visible cons or missing features were identified for ReceiptsAI
  • No mention of integration with other accounting software
  • Premium plan might not justify value for money for some businesses
  • Missing advanced features compared to other AI tools in the industry

Receiptsai Pricing and plans

Paid plans start at $12/month and include:

  • Upload up to 100 receipts per month
  • Data Extraction from Images or PDFs
  • Export to Excel or CSV
  • Generate Reports
  • Email Support

Receiptsai FAQs

What is ReceiptsAI?
ReceiptsAI helps small businesses manage their books automatically by providing a simple, easy-to-use interface to upload and track expenses, and export transactions.
What can I upload to ReceiptsAI?
You can upload any receipt, invoice, or bank statement in PDFs, PNGs, or Jpegs format.
How does ReceiptsAI help with data extraction?
ReceiptsAI uses AI to read uploaded documents, detect the type of document, and extract all the necessary data like merchant name, totals, tax information, VAT, and more.
What export options are available with ReceiptsAI?
You can select the data you want to export and download it as an Excel or PDF file.
What kind of reports can be generated using ReceiptsAI?
ReceiptsAI can generate various reports including expense reports and reports with details like merchant name, totals, tax, VAT, and more.
Why choose ReceiptsAI for bookkeeping needs?
ReceiptsAI is a simple, easy-to-use, and cost-effective bookkeeping tool that automates tasks like data entry of invoices, receipt categorization, and expense report generation.

Get started with Receiptsai

Receiptsai reviews

How would you rate Receiptsai?
What’s your thought?
Be the first to review this tool.

No reviews found!

Receiptsai alternatives

Allyf streamlines financial ma...

Sonny9 automates client onboar...

Circler.io streamlines bookkee...

Docyt automates accounting wit...

Automate accounting, track cas...