Country for PR: United Kingdom
Contributor: PR Newswire Europe
Monday, October 21 2019 - 16:00
AsiaNet
"Quarter of a Billion" Pieces of Financial Paperwork Processed by Receipt Bank
LONDON, Oct. 21, 2019 /PRNewswire-AsiaNet/ --

1.3 million use platform to automate their bookkeeping. Aussies have submitted 
more than 60 million financial documents to the Receipt Bank platform.

Receipt Bank - the world's leading bookkeeping automation platform, has reached 
a new milestone, digitally processing over 250,000,000 financial documents to 
date.

The digital accounting platform has allowed 1.3 million people to snap, scan 
and save receipts, invoices and bank statements since launching. 

The financial documents are stored safely and filed correctly for bookkeeper or 
accountant access to customers' accounts. Receipt Bank works across platforms 
including Xero, Intuit QBO, Sage or even a simple spreadsheet.

Adrian Blair, Receipt Bank CEO, commented: "This is a huge milestone as we 
continue on our mission to make small business bookkeeping more powerful using 
machine learning. I'm delighted that more and more small businesses and their 
advisers are joining the Receipt Bank community."

Receipt Bank is now used by 63,629 professional business advisers, serving 
hundreds of thousands of small and medium-sized businesses globally. 

Aussies have submitted more than 60 million financial documents to the Receipt 
Bank platform. 

One Receipt Bank business user commented: "I'm a Tour Operator. So you can 
imagine the amount of daily cash receipts. I started using receipt bank and I 
couldn't have asked for a better solution to my problems. I simply snap, upload 
and it goes straight into my accounting system - just like that!"

Receipt Bank's CEO Adrian Blair added: "Machine learning means that the more 
financial paperwork we process, the greater value we deliver for our customers. 
I'm excited by how we can genuinely transform businesses for the better by 
saving them time and helping them grow faster."

Notes to Editors
1. Receipt Bank's mission is to make the business of bookkeeping simple and 
more powerful.  
2. Our award-winning accounting software is used by 63,629 financial 
professional users globally. The company is based in London and has offices in 
7 markets with 450 employees, including US, Canada, France, South Africa, 
Australia and the UK.  
3. Receipt Bank processes more than 2 million financial documents per week and 
has the highest measured data accuracy rate in the industry. 
4. Financial paperwork includes receipts, bank statements, plus cost and sales 
invoices.

For media, please contact Paul Afshar, Head of Communications +44 (0) 20 3510 
2706

Source: Receipt Bank