Receipt Bank assists by eliminating a lot of the data entry. Documents can be captured by using your smartphone camera and app, by sending invoices to an e-mail address set up for Receipt Bank to automatically extract attached files, by adding files to a cloud data storage such as Dropbox or dragging and dropping a file directly into Receipt Bank. (It will even allow you to place receipts in an envelope and send to Receipt Bank for processing for a small additional charge).
Data fields are read and all information on the receipt is captured ready for review or interfacing to your chosen accounting software such as KashFlow or SageOne making the whole process quite effortless for a small monthly fee.
Alpha Business Services will set up Receipt Bank on your behalf and the setup fee could be paid over a period of time in line with accountancy fees.