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Showing posts from July, 2023

What Is the Best Accounting Data Entry Software?

  Accounting data entry is one of the most repetitive tasks that can be daunting. But things are so easy now with online accounting tools available in many numbers in the market. So, if you’re looking for one, this post is for you. Here, I have shown the top 5 recommendations with the best performance. So, Let’s get started! 5 Online Accounting Data Entry Tools To Use In 2024 Receipt Bot (Highly Recommended) Receipt Bot is a high-end tool specially designed to automate manual data entry and handling of receipts. It uses 100% accurate optical character recognition (OCR) technology to extract information from receipts and categorize expenses. It also integrates with other accounting software like Xero, Sage, and QuickBooks to simplify expense tracking and reporting. Starting Price at $7.20 per month Docsumo Docsumo is a document automation platform that typically leverages AI & ML to extract data. It is designed to automate the extraction and processing of information

How to Easily Convert Bank Statement PDFs?

In today's digital era, most industries have embraced technology, but some areas still rely on paperwork and print media. The banking sector is one such area that deals with bank statements in encrypted documents, handwritten or printed papers, PDFs, or images. It can be a cumbersome and time-consuming task to manually input all the data into your spreadsheet.   However, there is a solution – an online bank statement PDFconverter that can automate the process and save you time and effort. If you are looking for the best solution for this, we have Receipt Bot by our side.   What Is Receipt Bot?   Receipt Bot is software that was designed to make data entry easier for accountants and bookkeepers. Receipt Bot is a highly authorized and authentic tool that can convert your bank statements from any format (PNG, JPG, or PDF) to various formats, including Excel, OFX, QFX, QIF, QBO, IIF, CSV, and more. Utilizing over 41 algorithms, intelligent AI, and NLPs, it ensures 100%

Why Is Bookkeeping Important for Small Businesses?

When running a small business, managing finances can often be overwhelming. However, one aspect that should never be overlooked is bookkeeping. Bookkeeping plays a crucial role in the success and sustainability of any small business. It involves systematically recording, organizing, and tracking financial transactions, clearly showing the company's financial health. Here are several reasons why bookkeeping is essential for small businesses:   Financial Decision-Making:  Accurate and up-to-date financial records enable small business owners to make informed decisions. Bookkeeping provides valuable insights into cash flow, expenses, and revenue, helping entrepreneurs determine the profitability of different ventures, identify cost-saving opportunities, and allocate resources effectively.   Ready to streamline your financial record-keeping and take control of your business finances? Convert your  bank statements to Excel  with Receipt Bot.   Compliance with Tax Regulations