Receipt Bank, now known as Dext Prepare, is a cloud-based bookkeeping tool designed to help businesses and accountants automate the capture and processing of financial documents. It streamlines the way receipts, invoices, and other expense documents are collected, stored, and entered into accounting systems.

With Dext Prepare, users can upload documents through various methods—such as mobile app photos, email forwarding, or direct integrations with suppliers. The platform then uses optical character recognition (OCR) technology to extract key data like date, amount, supplier name, and tax details.

Once processed, this information can be reviewed and exported directly into popular accounting software like QuickBooks, Xero, or Sage, reducing manual data entry and the risk of errors. It also helps ensure accurate recordkeeping and tax compliance, particularly for managing sales tax like GST/HST or VAT.

Receipt Bank is especially useful for bookkeepers, accountants, and small business owners, saving time and improving efficiency by digitizing and organizing financial documents in one secure location.

In summary, Receipt Bank (Dext Prepare) helps businesses go paperless, improve accuracy, and streamline their bookkeeping processes, allowing more time to focus on growth and strategic financial planning.