You can automate the process of entering your bills, receipts and expenses by using AutoEntry. AutoEntry helps to save time by eliminating the manual entering of expenses. AutoEntry provides an App which you can use to scan your bills and receipts. The software automatically extracts the key information like date, supplier, amount and VAT. There is a facility to select the category of expenditure according to the accounting system you have put in place for your business.
AutoEntry automatically integrates with QuickBooks Online and Xero– our preferred bookkeeping solutions. Information is published from AutoEntry to QuickBooks Online or Xero so that the scanned receipts are available as attachments to the transactions in your bookkeeping software.
From AutoEntry you can choose to ‘mark the bills as paid’ to match the information on your bank statement. What’s more, using AutoEntry means you can run a paperless business as your expenses are saved in the cloud and you do not need to keep the paper copies. Where bills are received by email, you will have a dedicated email address where you can forward your emails and the software will extract the bills from the email. You can also upload scanned bills directly from your computer.
Because it is a cloud-based solution, you can give access to your employees or business partners regardless of where they are in the world so that they can also send their bills and expenses, therefore sharing the load of bookkeeping. You can also share access with your accountant or bookkeeper, and they can review the transactions for you before posting to Xero or QuickBooks Online.
Many businesses have recorded a saving of over 50% in time from using AutoEntry in their business. Think of what you could do with the extra time saved. Improving efficiency in your business could mean you have more time to focus on other parts of your business.
Contact us if you’d like a Free trial or if you’d like to explore other ways you could save time in your bookkeeping and accounting process to improve efficiency in your business. There is more information about AutoEntry on their website.
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