Receipt AI

Manage receipts via text messages efficiently.

receipt search analysis

Tool Information

Primary Task	Receipt management
Category	ai-and-machine-learning
Sub Categories	ocr-and-document-processing personal-finance

Receipt-AI is an AI-powered tool for managing receipts with text messages. It eliminates the need for traditional methods, such as downloading apps and taking pictures, to store and manage receipts. With Receipt-AI, users can text their receipts and let machine learning take care of the rest. This saves up to 95% of users' time, streamlines and simplifies the process of storing and keeping track of receipts. Receipt-AI supports collaboration by enabling users to invite their team members to upload their receipts by adding their phone numbers. The uploaded data can be easily downloaded in CSV format using the user-friendly interface without any hassle. The tool can be integrated with Xero to upload the data.Currently, Receipt-AI is available in the United States and Canada and is actively working to expand in other countries soon. Receipt-AI offers two plans that cater to different users' needs. The solo plan costs $20 per month and can manage up to 800 receipts per year, while the startup plan costs $39 per month and can manage up to 1600 receipts per year for up to four people.Receipt-AI's goal is to provide a simple, hassle-free solution for managing receipts. It saves time, frees up space, and reduces the risk of lost receipts. This tool promotes good financial knowledge and offers a user-friendly interface suitable for small businesses and individuals alike.

Are you tired of tracking receipts? Receipt-AI is a receipt management system for businesses. Users can simply take a picture of their receipt, send it via email or SMS, and Receipt-AI will extract the information, rename and upload the receipt file to Xero or QuickBooks, all done within 5 seconds.

Receipt-AI was initially developed for our internal use, but given how much people enjoyed using it, we decided to launch and share it with the world.

Pros
Manage receipts via text Saves up to 95% time Supports team collaboration Easy CSV data download Integration with Xero Available in US Canada Plans for different user needs Reduces risk of lost receipts Promotes good financial knowledge User-friendly interface No need for apps No need to take pictures Supports 800-1600 receipts annually Secure cloud storage Receipt recognition from images

Cons
Limited to US and Canada No app available Limited receipt limit Lacks multi-currency support No real-time scanning Limited to Xero integration No interpretative error notification Expensive pricing plans Limited collaboration options No customization options

Frequently Asked Questions

1. What is Receipt-AI?

Receipt-AI is an AI-powered tool designed to streamline the management of receipts through text messages. By eliminating the need for traditional methods such as downloading apps and taking pictures, it significantly reduces the time and hassle involved in storing and tracking receipts. Users can invite team members to cooperate by uploading receipts and the stored information can be downloaded in CSV format. Receipt-AI supports integration with Xero and offers two plans - a solo plan and a startup plan.

2. How does Receipt-AI streamline receipt management?

Receipt-AI streamlines receipt management by using AI and text messages. Instead of using conventional methods like picturing and uploading receipts, users only need to text their receipts. It uses machine learning to manage and sort the receipts, saving up to 95% of the user's time. It allows collaboration between team members and provides a hassle-free CSV download for the recorded data.

3. Is there a specific method to text receipts to Receipt-AI?

The method to send receipts to Receipt-AI via text messages is not explicitly stated on their website. However, given the information, it can be suggested that users take a picture of their receipt and text it to Receipt-AI, where it then applies its machine learning capabilities to manage the data.

4. How does collaboration work in Receipt-AI?

Collaboration in Receipt-AI works by adding team members' phone numbers. This enables them to upload their receipts, thereby making Receipt-AI an effective tool for collaborations. This feature assists in streamlining and simplifying the process of storing and tracking receipts in a team environment.

5. In what formats can I download the data from Receipt-AI?

The data from Receipt-AI can be downloaded as a CSV file. The user-friendly interface supports a hassle-free data download experience.

6. Does Receipt-AI support integration with Xero?

Yes, Receipt-AI supports integration with Xero. This feature enables users to upload their receipt data directly to their Xero accounts.

7. Is Receipt-AI available outside of the US and Canada?

Receipt-AI is currently only available in the United States and Canada. The development team is actively working to expand the availability to other countries soon.

8. What are the pricing plans offered by Receipt-AI?

Receipt-AI offers two pricing plans. The solo plan costs $20 per month and is able to manage up to 800 receipts per year, while the startup plan costs $39 per month and can handle up to 1600 receipts per year for up to four people.

9. What is the maximum number of receipts that Receipt-AI can manage?

The maximum number of receipts that Receipt-AI can manage varies with the plan. The solo plan offered by Receipt-AI can manage up to 800 receipts a year. In contrast, the startup plan can manage up to 1600 receipts per year.

10. How is Receipt-AI useful for small businesses and individuals?

Receipt-AI is useful for small businesses and individuals because it offers a simplified, efficient way to manage receipts without the need for downloading apps or taking pictures. This tool helps in cutting down the time spent on receipt management by up to 95%, freeing up more time for other tasks. Moreover, it reduces the risk of losing receipts and provides options to collaborate with team members, making it a great tool for both individual and business use.

11. Do I need to download any app to use Receipt-AI?

No, there is no need to download any app to use Receipt-AI. The service is done entirely through text messages. It eliminates the need for app downloading, which makes the receipt management process even more convenient and streamlined.

12. How does Receipt-AI promote good financial knowledge?

Receipt-AI's promotion of good financial knowledge isn't detailed on their website. Yet, given it's an AI tool dedicated to receipt management, it assists users in maintaining clear, organized financial records by eliminating the risk of misplacing or forgetting about a receipt. This attention to detail can enlighten users on better financial practices.

13. Does Receipt-AI support image recognition?

Yes, Receipt-AI supports image recognition. This feature means there is no need to send a text message along with the image of the receipt. Receipt-AI recognizes the image and stores the data accordingly.

14. Where are the receipts stored in Receipt-AI?

Receipts in Receipt-AI are stored securely in the cloud. It implements robust cloud-based storage ensuring that users' financial records are safe and accessible only to them.

15. How can Receipt-AI help in reducing the risk of lost receipts?

Receipt-AI reduces the risk of losing receipts by providing a digital, easy-to-use platform for storing, organizing, and managing receipts. Once the receipts are texted to Receipt-AI, they are stored securely in the cloud, eliminating the need to hold onto physical copies and thus reducing the risk of losing them.

16. Does the solo plan offer the same features as the start-up plan?

Yes, both the solo and the startup plan offer the same features like image recognition, secure cloud storage, exporting receipts to CSV, and uploading receipts to Xero. However, the startup plan differs in the number of people and amount of receipts it can manage, with up to 4 people and up to 1600 receipts per year in comparison to the solo plan's single user and 800 receipts cap.

17. What happens if I go over my receipt limit on Receipt-AI?

Information on what happens if you exceed your receipt limit on Receipt-AI is not explicitly provided on their website.

18. Can I use Receipt-AI if I don't use Xero?

Yes, using Xero is not a requirement to use Receipt-AI. While it does offer easy integration with Xero for those who have it, those who do not can still use all of Receipt-AI's functionalities.

19. How secure is Receipt-AI for storing receipts?

Receipt-AI provides secure storage for receipts in the cloud. While specific details about the security measures it uses are not provided on their website, the fact that it operates through a highly secure cloud-based system suggests a strong focus on preserving user data security.

20. Can I upgrade or change my Receipt-AI plan later?

It is not specifically mentioned on their website whether you can change or upgrade your Receipt-AI plan later. However, such flexibility is fairly standard for most SaaS platforms.