Thursday, February 29, 2024
1. Sign up on Receipt-AI
2. Connect your Xero account
3. Upload your receipts using Email or SMS
* Each file is renamed with a consistent format in Xero by Receipt-AI: the date of the transaction, vendor name, and total amount, such as '2024-02-28_whole-foods-market_38.52', making it easy to find and attach to bank transactions.
Click your company name -> Files.
All Receipts will be formatted as โDate-Name-Totalโ for quick navigation, making attaching receipts to transactions very simple.
Learn more: How to reconcile in Xero.
Transaction Processing Time: The date you initiate a transaction with a vendor is the date you expect it to be recorded. However, it can take several days for the transaction to be processed by the vendor's bank, your bank, and the payment processing system. During busy periods, weekends, or holidays, this delay can be longer. Therefore, the transaction date in Xero is the date when the transaction clears your bank account, not when it was initiated.
* Using Receipt-AI to immediately upload your receipts using SMS minimizes the risk of losing them and ensures all purchases and supplies essential for company operations are documented in Xero, despite bank transaction delays.
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Save 97% of your time with efficient receipt processing
Works with Xero and QuickBooks
Perfect for businesses, big and small
No extra app downloads. Works with tools you already have (Email and SMS)
Use Case
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