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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 informa...
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Unlocking The Power Of OCR in Expense Tracking, Data Extraction, and PDF To Excel Conversion

 


Optical Character Recognition (OCR) technology is a powerful tool that can be used for tracking expense, data extraction, and even PDF to Excel conversion. Well, this is the magic of the OCR technology of Receipt. Here's how it works in all these areas:

Expense Tracking

The receipt bot's expense tracker app works seamlessly with an on-spot instant and automated receipt data entry process. Here's how to do it:

a. Capture Receipts: Scan or take photos of your receipts, invoices, and bills via the Receipt bot's expense tracker app.

b. OCR Processing: Our OCR software will extract text from the scanned documents. OCR will recognize text and numbers on the receipts, including dates, amounts, and vendor names.

c. Data Integration: Integrate the OCR-processed data into your expense tracking software or spreadsheet. This can help you keep track of expenses, categorize them, and generate reports with minimal manual data entry.

Data Extraction

OCR can extract data from various sources, such as forms, contracts, or reports. Here's how to make the most of it:

a. Scanning and Conversion: Scan the physical documents or convert digital documents (e.g., PDFs) to text using OCR software.

b. Define Key Data Points: Identify the specific data points you need to extract, such as names, addresses, dates, or numerical values.

c. Data Extraction: Use OCR technology to extract the identified data points automatically.

Bank Statement PDF to Excel Conversion

Converting PDF documents into Excel spreadsheets can be tedious if done manually. OCR can simplify and expedite the process:

a. PDF Conversion: Simply upload your bank statement to our tool and let our expert OCR review it.

b. Table Detection: If the PDF contains tabular data, we ensure our OCR software can detect tables and preserve their structure.

c. Data Extraction: After OCR, extract the text and data from the PDF.

d. Excel Import: Import the extracted data into an Excel spreadsheet, maintaining the original structure and formatting.

e. Data Validation: Verify the accuracy of the converted data and make any necessary adjustments.

Bottom Line

Receipt Bot always offers the best quality of OCR results. For critical documents, we make sure that your document data stays safe and that the data extraction has been done with top accuracy. So, why wait? Visit https://www.receipt-bot.com/ and try it now!

 

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