Dext is a digital productivity tool that started as ‘Receipt Bank’ and assists businesses, accountants, and bookkeepers in processing receipts, invoices, and other forms of financial proof.
It helps capture, extract, and sort data from receipts and invoices, thus easing record-keeping regarding expenses and other financial chores.
Dext connects well to tools such as Xero, QuickBooks, and Sage, which helps automate the bookkeeping section and minimize data entry mistakes.
This tool is applicable to maximizing the efficiency of work for firms dealing with many financial documents, such as payroll and accounts.
Dext or Receipt Bank software is most useful for businesses that deal with several kinds of financial documents and have the desire to optimize their accounts processing.
Key businesses that benefit include:
Thus, the Dext solution, which connects manual tasks and accounting systems, can improve efficiency for various types of organizations.
Dext accounting software’s features
Data Capture and Extraction Dext automates data extraction from receipts and invoices using OCR, minimizing manual entry and errors. This feature ensures quick, accurate processing for seamless bookkeeping. | Expense Management Dext captures, categorizes, and tracks expenses, providing real-time financial visibility and simplifying budget management, ensuring precise reporting and enhanced financial control. |
Integration with Accounting Software Dext integrates seamlessly with QuickBooks, Xero, and other major accounting platforms, syncing financial data, reducing redundancy, and ensuring smooth operations across systems. | Real-Time Collaboration Dext enables real-time collaboration between businesses, accountants, and clients, offering transparency, instant data sharing, and improved decision-making efficiency. |
Reporting and Insights Dext delivers customizable financial reports and dashboards, offering valuable insights into business performance, cash flow, and spending patterns, facilitating strategic decisions. | Multi-Currency Support Dext handles multi-currency transactions, automating currency conversions and ensuring accurate financial reporting for global businesses operating in different currencies. |
Secure Cloud Storage Dext stores all financial documents in a secure cloud environment, offering easy access, organization, and data protection, ensuring compliance with privacy regulations. | Automated Bank Invoice Fetch Dext automates bank statement and supplier invoice retrieval, streamlining reconciliation processes and improving efficiency in managing cash flow and financial records. |
Mobile Accessibility Dext’s mobile app allows users to capture receipts, track expenses, and access financial data on the go, ensuring business management remains flexible and efficient. | Compliance and Security Dext adheres to industry-leading security protocols, including encryption and two-factor authentication, ensuring the protection of sensitive financial information and maintaining compliance. |
Dext’s features ensure businesses achieve greater efficiency, accuracy, and security, making it a holistic accounting solution.
Here is an overview of the products offered By Dext:
Discover the key advantages and limitations of Dext Prepare to help you decide if it’s the right solution for your business needs.
Here’s a balanced look at the pros and cons to guide your decision-making process
Pros ✅ | Cons ❌ |
---|---|
● Increased Productivity: Dext eliminates time-consuming processes such as data entry and document grouping so that firms can devote time to other significant endeavors. | ● Higher Pricing: Subscription costs are higher than competitors, challenging for small businesses. |
● Enhanced Collaboration: The platform enables several users, such as accountants and business owners, to work on shared materials, such as financial documents and reports, in real-time. | ● Potential Integration Issues: Dext connects with several accounting software to run the data sync, and sometimes, this sync may get interrupted, resulting in delays. |
● Efficient Data Capture: Seamless uploading of documents via mobile app, email, and direct upload. | ● Subscription-Based Model: The subscription fee could prove a little expensive for corporate entities, especially since they may only require some of these features. |
● High Data Accuracy: Extracts details with precision, reducing manual errors. | ● Occasional Data Errors: Rarely, documents require manual corrections, slowing workflow. |
● Wide Integration Options: Connects with 30+ accounting platforms like QuickBooks and Xero. | ● Learning Curve for Advanced Features: New users may need time to learn complex tools. |
● Time-Saving Automation: Reduces repetitive bookkeeping tasks, saving time for strategic goals. | ● Limited Advanced Features: May not meet the needs of businesses with complex accounting. |
● User-Friendly Interface: Intuitive design is accessible for users with varying expertise levels. | ● Internet Dependency: Requires a stable internet connection for uninterrupted use. |
● Real-Time Financial Tracking: Provides instant updates for timely and informed decisions. | ● Scalability Concerns: Performance may slow for businesses with rapidly expanding operations. |
● Secure Data Handling: Complies with GDPR and protects sensitive financial data. | ● Mobile App Limitations: Mobile functionality is less comprehensive than the desktop version. |
● Multi-Currency Support: Efficiently handles foreign currency transactions for global businesses. | ● No Offline Mode: Lack of offline functionality limits access during internet outages. |
● Customizable Reporting: Tailored financial reports for better insights and decision-making. | ● Support Response Time: Some users report delays in responses from customer support. |
● Mobile Accessibility: Upload receipts and documents on the go using the mobile app. | ● High Cost for Additional Users: Adding more users to the account significantly increases costs. |
Dext helps businesses in several ways:
Explore the flexible monthly pricing plans for Dext Prepare. Whether you’re a small business or an enterprise, we have a solution tailored to your needs and budget.
Check out the details below!
Plan Type | Basic | Standard | Premium | Enterprise |
---|---|---|---|---|
Monthly Price | Approx $29 / month | Approx $49 / month | Approx $69 / month | Custom pricing based on needs |
Users Included | 1 user | 2 users | 3 users | Custom number of users |
Documents per Month | Up to 500 invoices/receipts | Up to 1,000 invoices/receipts | Up to 2,000 invoices/receipts | Custom number of documents |
Document Upload Options | Email, Mobile App, Direct Upload | Email, Mobile App, Direct Upload | Email, Mobile App, Direct Upload | Email, Mobile App, Direct Upload |
Integration Support | Basic accounting software (e.g., Xero, QuickBooks) | More integrations (e.g., Sage, QuickBooks) | Advanced integrations (e.g., ERP systems) | Full integration with ERP systems and custom platforms |
Custom Reporting | Limited reporting features | Advanced reporting features | Fully customizable reports | Advanced and fully custom reporting |
OCR Scanning | Basic OCR features | Advanced OCR for greater accuracy | Premium OCR for complex documents | Premium OCR with AI-enhanced features |
Multi-Currency Support | No | Yes | Yes | Yes |
Audit Trail | No | Yes | Yes | Yes |
24/7 Support | No | Yes (Business hours support) | Yes (24/7 support) | Yes (Dedicated support team) |
Mobile App Access | Yes | Yes | Yes | Yes |
Free Trial | 14-day trial | 14-day trial | 14-day trial | 14-day trial |
Here are the apps Dext integrates with:
Here are the recent changes in Dext / Receipt Bank over the last six months, summarized from most recent to older updates:
A complete comparison of Dext versus QuickBooks Online, Xero, Zoho Books, Sage Business Cloud Accounting, Wave Accounting, FreshBooks, Kashoo, ClearBooks, QuickFile, and Aplos. It highlights differences in core features, ease of use, automation, third-party integrations, scalability, pricing, security, customer service, mobile apps, localization, reporting capabilities, industry focus, and trial/demo options.
Core Features: Dext vs. Competitors
Compare Dext’s key accounting features with leading alternatives to find the most effective solution for your business operations.
Software | Core Features |
QuickBooks Online | Invoicing, expense tracking, payroll, financial reporting, and automated bank feeds. |
Xero | Invoicing, bank reconciliation, financial reporting, and project tracking. |
Zoho Books | Invoicing, expense tracking, bank reconciliation, automated workflows, and tax management. |
Sage Business Cloud Accounting | Invoicing, expense tracking, financial reports, payroll, and VAT management. |
Wave Accounting | Invoicing, expense tracking, and financial reporting, with no transaction fees. |
FreshBooks | Invoicing, time tracking, project management, and expense tracking. |
Kashoo | Invoicing, expense tracking, and bank reconciliation. |
ClearBooks | Invoicing, payroll, VAT management, and financial reporting. |
QuickFile | Invoicing, receipt scanning, expense tracking, and bank reconciliation. |
Aplos | Fund tracking, invoicing, expense tracking, and reporting. |
Usability: Dext vs. Competitors
A detailed comparison of Dext vs. competitors—QuickBooks, Xero, Zoho Books, Sage, Wave, and others—focused on usability, user interface design, and ease of navigation for streamlined accounting tasks
Software | Usability |
QuickBooks Online | QuickBooks Online has an intuitive interface and simple navigation, making it easy to manage financial tasks. |
Xero | Xero is user-friendly with a clean interface and easy-to-follow workflows. |
Zoho Books | Zoho Books provides a streamlined interface with easy navigation and customizable dashboards. |
Sage Business Cloud Accounting | Sage Business Cloud Accounting has a clean design but requires a slight learning curve. |
Wave Accounting | Wave is straightforward and designed for small businesses with little accounting knowledge. |
FreshBooks | FreshBooks has an easy-to-use interface and simplifies invoicing and expense tracking. |
Kashoo | Kashoo has a clean design that’s quick to learn with basic accounting functions. |
ClearBooks | ClearBooks offers an intuitive interface but has a less modern design compared to competitors. |
QuickFile | QuickFile has a clean interface with easy navigation for small businesses. |
Aplos | Aplos is simple to use, with a clean dashboard for easy access to accounting tools. |
Automation Feature: Dext vs. Competitors
A side-by-side review of Dext and leading software on automation—covering receipt capture, bank reconciliation, and automated reporting features.
Software | Automation |
QuickBooks Online | Automates recurring invoices, payment reminders, and bank transaction imports. |
Xero | Automates bank reconciliation, invoicing, and transaction categorization. |
Zoho Books | Automates invoice creation, payment reminders, and expense categorization. |
Sage Business Cloud Accounting | Automates bank feeds, invoice creation, and VAT calculations. |
Wave Accounting | Automates receipt scanning, invoice reminders, and bank syncing. |
FreshBooks | Automates recurring billing, time tracking, and client reminders. |
Kashoo | Automates bank feeds, expense tracking, and invoicing. |
ClearBooks | Automates bank reconciliation, invoice generation, and expense tracking. |
QuickFile | Automates bank feeds, invoice creation, and VAT calculations. |
Aplos | Automates invoicing, donation tracking, and recurring transactions. |
Integration Capabilities: Dext vs. Competitors
A direct comparison of Dext and its competitors on integration capabilities, assessing connectivity with tools like CRMs, ERPs, eCommerce, and financial services.
Software | Integration Capabilities |
QuickBooks Online | Integrates with over 650 third-party apps, including PayPal, Shopify, and Square. |
Xero | Integrates with over 800 apps, including payroll, CRM, and e-commerce platforms. |
Zoho Books | Integrates with 40+ Zoho apps and third-party tools like Stripe, PayPal, and G Suite. |
Sage Business Cloud Accounting | Integrates with over 200 apps, including payment gateways, e-commerce platforms, and CRMs. |
Wave Accounting | Integrates with PayPal, Stripe, and Etsy. |
FreshBooks | Integrates with PayPal, G Suite, and Stripe. |
Kashoo | Integrates with PayPal, Stripe, and other payment gateways. |
ClearBooks | Integrates with PayPal, Stripe, and Receipt Bank. |
QuickFile | Integrates with PayPal, Stripe, and GoCardless. |
Aplos | Integrates with PayPal and Stripe. |
Scalability: Dext vs. Competitors
Compares Dext’s scalability with top accounting software, measuring adaptability for startups, SMEs, and enterprises as they grow.
Software | Scalability |
QuickBooks Online | Offers scalable pricing plans, suitable for businesses of all sizes. |
Xero | Supports scalability with flexible pricing plans and multi-user options. |
Zoho Books | Offers tiered pricing plans with more features as businesses grow. |
Sage Business Cloud Accounting | Scales with entry-level to advanced plans, including payroll and multi-currency features. |
Wave Accounting | Free but lacks advanced features for growing businesses. |
FreshBooks | Offers scalable pricing plans with features like team collaboration and project management. |
Kashoo | Suited for small businesses, lacking advanced features for scalability. |
ClearBooks | Supports scalability with customizable plans, multi-currency support, and advanced reporting. |
QuickFile | Provides scalable plans with unlimited users on paid plans. |
Aplos | Offers scalable features with plans that support growth in size and transactions. |
Pricing: Dext vs. Competitors
Compares pricing plans of Dext and major competitors, showing differences in user seats, features, and extra charges.
Software | Pricing |
QuickBooks Online | Starts at $25/month for Simple Start, up to $180/month for Advanced. |
Xero | Starts at $13/month for Early, up to $70/month for the most advanced. |
Zoho Books | Starts at $15/month for Basic, $40/month for Standard. |
Sage Business Cloud Accounting | Starts at $10/month for Accounting Start, $25/month for Accounting Standard. |
Wave Accounting | Free for core features, optional paid services for payroll and payment processing. |
FreshBooks | Starts at $15/month for Lite, $50/month for Premium. |
Kashoo | Starts at $19.95/month for sole-proprietor plan. |
ClearBooks | Starts at £12/month for Basic, £24/month for Business. |
QuickFile | Free for up to 100 transactions/month, paid plans start at £45/year. |
Aplos | Starts at $24/month for Essential, $59/month for Advanced. |
Security Features: Dext vs. Competitors
A detailed analysis of security measures in top accounting software, focusing on encryption, multi-factor authentication, user permissions, and data protection policies.
Software | Security |
QuickBooks Online | Uses 256-bit encryption and two-factor authentication (2FA). |
Xero | Employs data encryption and multi-factor authentication (MFA). |
Zoho Books | Uses SSL encryption and multi-factor authentication. |
Sage Business Cloud Accounting | Provides encryption and supports two-factor authentication (2FA). |
Wave Accounting | Offers SSL encryption and two-factor authentication (2FA). |
FreshBooks | Uses SSL encryption and two-factor authentication (2FA). |
Kashoo | Provides SSL encryption and supports two-factor authentication. |
ClearBooks | Offers SSL encryption and strong authentication methods. |
QuickFile | Uses 256-bit encryption and two-factor authentication (2FA). |
Aplos | Employs SSL encryption and multi-factor authentication (MFA). |
Customer Support & Resources: Dext vs. Competitors
Evaluates the customer support systems of major accounting software, covering live chat, phone, email support, knowledge bases, and community forums.
Software | Customer Support & Resources |
QuickBooks Online | 24/7 support via phone, chat, and forums. Provides guides and webinars. |
Xero | 24/7 support via live chat and phone. Offers help center, forums, and training materials. |
Zoho Books | Support via email and chat. Provides a knowledge base and video tutorials. |
Sage Business Cloud Accounting | Support via phone and email during business hours. Provides online help and webinars. |
Wave Accounting | Free email support. Offers a help center, community forums, and guides. |
FreshBooks | Support via phone, email, and chat during business hours. Provides a help center and tutorials. |
Kashoo | Support via email with 1-2 business day response. Offers online help and video tutorials. |
ClearBooks | Support via phone and email during business hours. Provides a help center and tutorials. |
QuickFile | Support via email with community forums. Offers a knowledge base and video tutorials. |
Aplos | Support via email and phone. Provides a resource center with articles and tutorials. |
Mobile Accessibility: Dext vs. Competitors
Focuses on mobile functionality of accounting tools, comparing dashboard access, transaction management, reporting, and security features via mobile apps.
Software | Mobile Accessibility |
QuickBooks Online | Fully functional mobile app for iOS and Android to manage accounting tasks. |
Xero | Mobile app for iOS and Android with core features like invoicing and expense tracking. |
Zoho Books | Mobile app for iOS and Android to manage invoices, expenses, and banking. |
Sage Business Cloud Accounting | Mobile app for iOS and Android with basic features like invoice creation and expense management. |
Wave Accounting | Mobile app for iOS and Android for invoicing and receipt scanning. |
FreshBooks | Mobile app for iOS and Android to manage invoices, expenses, and time tracking. |
Kashoo | Mobile app for iOS to track income, expenses, and invoices. |
ClearBooks | Mobile app for iOS for invoicing and reporting. |
QuickFile | Mobile app for iOS and Android to manage invoices and receipts. |
Aplos | Mobile-friendly interface but no dedicated mobile app. |
Localization Features: Dext vs. Competitors
Evaluates localization strengths of accounting software, including global tax compliance, multi-language interfaces, currency conversion, and region-specific reporting tools.
Software | Localization Features |
QuickBooks Online | Supports multiple countries, including US, Canada, UK, and Australia with localized tax, compliance, and reporting features. |
Xero | Available in over 180 countries with multi-currency, tax compliance, and regional reporting tools. |
Zoho Books | Offers localization for various countries with multi-currency, VAT, GST, and region-specific tax regulations. |
Sage Business Cloud Accounting | Available in the UK, US, and other regions with country-specific tax rules and reporting tools. |
Wave Accounting | Available in the US and Canada with localized tax compliance and multi-currency support. |
FreshBooks | Primarily focused on the US and Canada with localized tax settings and multi-currency features. |
Kashoo | Primarily caters to US users with localized tax features and basic multi-currency support. |
ClearBooks | Designed for UK businesses with VAT compliance and local tax rates. |
QuickFile | Focused on UK users with full VAT and HMRC compliance. |
Aplos | Designed for US nonprofits with tools for US tax-exempt status, IRS compliance, and regional reporting. |
Customer Retention & Support Features: Dext vs. Competitors
This comparison evaluates customer retention strategies and support features of leading accounting software, focusing on responsiveness, support channels, and client success tools.
Software | Retention & Support |
QuickBooks Online | 24/7 phone and chat support, extensive knowledge base, and community forums. |
Xero | 24/7 live chat and email support, with a help center and community forum. |
Zoho Books | Email, phone, and in-app chat support, along with a knowledge base. |
Sage Business Cloud Accounting | 24/7 phone and live chat support, with a help center and video tutorials. |
Wave Accounting | Free email support and an online help center, no phone support. |
FreshBooks | 24/7 phone, email, and live chat support, with a help center. |
Kashoo | Phone, email, and live chat support, with a support center and video guides. |
ClearBooks | Email and phone support, with a knowledge base and webinars. |
QuickFile | Email support, user forum, and a knowledge base. |
Aplos | Phone and email support, with a knowledge base. |
Reporting & Insights: Dext vs. Competitors
Compares reporting and analytics capabilities in Dext, QuickBooks Online, Xero, Zoho Books, and others, focusing on financial reports, dashboards, and custom insights.
Software | Reporting & Insights |
QuickBooks Online | Offers reports like Profit & Loss, Balance Sheet, and cash flow with customization and automatic updates. |
Xero | Provides real-time reports such as Profit & Loss, Balance Sheet, and tracking categories with customization options. |
Zoho Books | Offers reports like Profit & Loss, Balance Sheet, and Tax reports, with customization options. |
Sage Business Cloud Accounting | Provides basic reports like Profit & Loss and Balance Sheet, along with industry-specific reports. |
Wave Accounting | Provides reports like Profit & Loss, Balance Sheet, and Sales Tax with limited customization. |
FreshBooks | Offers reports like Profit & Loss, Time Tracking, and Expense Reports with an easy-to-use interface. |
Kashoo | Provides reports like Profit & Loss and Balance Sheet, with limited customization. |
ClearBooks | Offers reports like Profit & Loss, Balance Sheet, and VAT reports with customization for UK businesses. |
QuickFile | Provides reports like Profit & Loss, Balance Sheet, and VAT reports with limited customization. |
Aplos | Offers specialized reports like Fund Balances, Donations, and Income & Expense with customizable insights. |
Industry-Specific Solutions: Dext vs. Competitors
Compares accounting software like Dext, QuickBooks Online, Xero, and others on industry-specific features tailored for sectors such as retail, nonprofits, manufacturing, and professional services.
Software | Industry-Specific |
QuickBooks Online | Offers solutions for retail, construction, nonprofit, and professional services with customized features and reports. |
Xero | Provides solutions for retail, construction, agriculture, and creative professionals with add-ons. |
Zoho Books | Offers features for retail, eCommerce, manufacturing, and professional services with customizable workflows and reports. |
Sage Business Cloud Accounting | Includes tools for construction, manufacturing, and retail with specialized invoicing, inventory management, and reporting. |
Wave Accounting | Focuses on general accounting for small businesses without industry-specific solutions. |
FreshBooks | Provides solutions for freelancers, consultants, and small service-based businesses with time tracking and project management. |
Kashoo | Offers basic accounting tools suitable for small businesses, without industry-specific solutions. |
ClearBooks | Provides features for contractors, retailers, and small businesses with customizable invoicing and reporting. |
QuickFile | Offers features for small businesses, including professional services and trades, with customizable invoicing and VAT support. |
Aplos | Tailored for nonprofits with specialized accounting, fund tracking, and donation management tools. |
Trial & Demo Options: Dext vs. Competitors
An overview of free trials and demo options offered by Dext and competitors like QuickBooks, Xero, Zoho Books, and others, focusing on duration, limitations, and access requirements.
Software | Trial & Demo Options |
QuickBooks Online | 30-day free trial for all plans. |
Xero | 30-day free trial for all plans. |
Zoho Books | 14-day free trial for all features. |
Sage Business Cloud Accounting | 30-day free trial for Accounting Start and Accounting Standard plans. |
Wave Accounting | Free to use for core accounting features. |
FreshBooks | 30-day free trial for all features. |
Kashoo | 30-day free trial for all features. |
ClearBooks | 30-day free trial for all features. |
QuickFile | Free for basic users with limited features. |
Aplos | 15-day free trial for Essential and Advanced plans. |
Dext offers businesses a robust, force multiplier solution to automate the process of dealing with financial documents for better and more accurate bookkeeping.
Some of Dext’s capabilities include health scores, integration with the accounting platform, and real-time expenses for the efficiency of accountants and business owners.
Updates made to its solution in the recent past, such as the ability to track supplier statements and upload PDFs through mobile, add to the value provided by the company.
Despite a few drawbacks, Dext is a useful instrument for companies that need to make their financial processes more effective and intelligible.