We've found ReceiptBank to be fantastic to support our clients in getting their receipts into Xero and their paper into the trash.
Yes, it's the law that to get GST and Tax deductions for expenses you need to keep receipts. However electronic copies that effectively copy a visual of the receipt are enough, no more keeping a shoebox full.
ReceiptBank utilises "Optical Character Recognition" technology to extract key data from pictures taken on your smartphone or uploaded from your computer. This usually takes a few minutes with the result being an invoice to pay in Xero. It's like magic!
Our clients love it. It's simple, harmless and really stays out of the way.
Feel free to get in touch if you'd like a run through of how we use ReceiptBank in our daily workflow.