Experts in Receipt Bank (Dext)
Looking for an accountant that uses Dext (formerly Receipt Bank)?
What is Receipt Bank?
Receipt Bank (which is now called Dext) helps small businesses save time on their bookkeeping, and ensures that documents are easily accessible in case HMRC come knocking.
Receipt Bank helps small businesses work in the way they should in the 21st century – without hoarding paper in files for years.
Here at Nimble Accounting, we set up our clients on Receipt Bank, and what’s more, we pay for it, saving our clients the £25+VAT per month cost if bought Receipt Bank directly.
How to use Receipt Bank?
Receipt Bank (which is now called Dext) helps small businesses save time on their bookkeeping, and ensures that documents are easily accessible in case HMRC come knocking.
Receipt Bank helps small businesses work in the way they should in the 21st century – without hoarding paper in files for years.
Here at Nimble Accounting, we set up our clients on Receipt Bank, and what’s more, we pay for it, saving our clients the £25+VAT per month cost if bought Receipt Bank directly.
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Receipt Bank (now called Dext) connects straight into your accounting software, such as Xero or Quickbooks Online. It then allows you to send receipts and invoices in two great ways to your accounting software:
- You take a picture of the invoice or receipt on your Receipt Bank / Dext app, or
- You forward the invoice / receipt to a dedicated Receipt Bank email address that we’ll set up for you
The invoice is then captured in your Receipt Bank account. We then go into Receipt Bank and categorise the invoice, recording the correct VAT code. We then Publish to your Quickbooks Online account (that we also set up and pay for you)
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In Quickbooks Online, we then Match the receipt from Receipt Bank to the amount we see going out of your bank.
That then tells us that it’s been paid, and that we’ve got all the receipts and invoices we need to know that your books are nice and tidy.
If you forget to send invoices to Receipt Bank, we’ll see the amount come out of your bank, but we won’t be able to find a match. We will then be in contact with you to ask you to send that invoice to Receipt Bank.
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Why Nimble Accounting?
We use Quickbooks and Receipt Bank specialists, and set every one of our clients up on Quickbooks Online.
Then, for clients on our Standard and Premium packages, we also set you up on Receipt Bank, so that the storage of your paperwork is done seamlessly, effortlessly and completely.
We’ve been an online accountant from day one, so we’ve chosen the very best software to make your life as easy as possible, and that is Quickbooks with Receipt Bank.
If you’re wanting to use Receipt Bank, and want to talk to us about getting it set up, the click on the button below.
But of course, don’t just take our word for it. Instead, have a look at the Quickbooks Proadvisor Directory. See what some of our 250+ clients say about us here.
Receipt Bank Login
Login to your Receipt Bank account. From there, you can see all receipts and expenses you’ve uploaded, either through your smartphone App, or sent to your Receipt Bank inbox.
If you’re wanting the app, download from Google Play or Apple App Store.
Receipt Bank / Dext pricing
Here are the prices if you buy Receipt Bank directly.
If you sign up with Nimble Accounting on either our Standard or Premium packages however, you’ll get Receipt Bank for free, because we cover the cost.
In fact, you also get Quickbooks Online for free.
These two softwares alone would cost you a combined £45+VAT per month.
See our pricing and packages here.
| Business | Business Plus | Premium | |
|---|---|---|---|
| £12.50/month* | £25/month* | £50/month* | |
| Monthly scans | 50 | 300 | 3000 |
| Users | 1 | 5 | 20 |
*Note that Receipt Bank / Dext offers a lower price than shown above if you pay on an annual basis; the amounts will be £10/month, £20/month, and £40/month respectively.
Why Receipt Bank?
Receipt Bank (now called Dext) is a tool that helps small business owners keep track of their invoices and receipts.
Whilst there are a number of companies offering this kind of service, Receipt Bank has always led the field, and is constantly improving and adding to their software.
At Nimble Accounting, we love using Receipt Bank because it’s a really easy tool for our clients to use and we can then know that their books are complete and tidy.
Behind the simplicity of Receipt Bank is a machine learning, optical character recognition (OCR) technology, that reads the words on the invoices and receipts – this saves us time, and saves our clients money.
Free consultation to see if Receipt Bank is for you
If you’re not sure whether or not to use Receipt Bank, feel free to give us a call to discuss it.
We’d be happy to discuss your issues and give you some free advice.
Do I really need Receipt Bank?
Well, it depends.
Every business, regardless of whether they’re a limited company or sole trader, VAT registered or not, needs to keep records.
However, our view is that for non-VAT registered businesses, it’s normally sufficient to keep your documents in a file (but do note that the ink often fades and disappears over the years).
For VAT registered businesses, however, it’s really a good idea to have each and every expense in your accounting system (e.g. Quickbooks Online) linked to the invoice or receipt.
This way, it makes it very quick and easy to support your expenses, in the event of an HMRC investigation.
You may also know that the accounting software like Quickbooks Online and Xero also have this kind of functionality. At Nimble, we prefer using Receipt Bank to the Quickbooks functionality, as Receipt Bank are really the market leaders in this technology, and is capable of ‘reading’ many more types of documents than other competing software.
What our clients say
Kerron Parchment, Sabai Barbers Limited
“The team is great at replying and making everything clear to understand. Additionally, there is always someone there to take my call and talk things through. Their on boarding process couldn’t be easier. Well done!"
Molly Alexander, MPA Global Advisors Limited
“Nimble have been invaluable at providing me the exact support, services and advice I needed to feel confident that we're set up in the right way. One of the things I value most about Nimble is their expertise and responsiveness.”
Rebecca Ferguson, Rockwell Advisory Ltd
“Nimble have been incredibly helpful to me in setting up my small business, giving me great advice in how to manage my financial affairs and supporting me with all of the CH registrations”
FAQs
How does Nimble Accounting use Receipt Bank for me?
We set up your Receipt Bank / Dext account, and pay for this ourselves, saving you £25+VAT per month.
Then, we ask you to send all your invoices and receipts to Receipt Bank, either by taking a picture on your Receipt Bank mobile app or by sending the invoice by email.
Once you’ve done that, we go into your Receipt Bank account every time we do your bookkeeping, and process these invoices into your Quickbooks Online account, recording the correct category and VAT amount, etc.
In your Quickbooks account, that means that each expense will have an attachment showing the invoice or receipt that supports that transaction – a fantastically clean and well-organised set of books!
I already have a Receipt Bank account – do I have to keep paying for this myself?
Even if you’ve already set up your Receipt Bank account, we will take over the payment of that each month, saving you £25+VAT per month.
How do I setup Receipt Bank / Dext?
You don’t – we do it for you!
Once you sign up, you’ll have an onboarding call with your dedicated accountant, who will use all the information you discuss to set up your Quickbooks Online and Receipt Bank (if on the standard or premium package) accounts in the correct way for your business.
Why doesn’t Nimble use Receipt Bank in it’s Starter or Basic packages?
For the basic package, we use the bank feeds in Quickbooks Online to get the information on your expenses, instead. This way is quicker and more convenient for both you and us.
However, we can’t do this for VAT registered clients, which is why VAT registered clients cannot choose the basic package.
Do I need to download the Receipt Bank onto my computer?
No, you can download the app onto your phone.
We’ll then set you up with a Receipt Bank email address.
Between the app and the email address, you’re all sorted!
What if I just get the invoice by email – should I take a picture of my screen?
No, just forward to the Receipt Bank email address that we’ve set up for you.