What is Dext?

Dext (formerly Receipt Bank) automates the tedious work of expense management and bookkeeping. Snap photos of receipts, forward email invoices, or connect bank accounts—Dext's AI extracts the data, categorizes expenses, and syncs everything to your accounting software automatically.

For business owners drowning in paper receipts and accountants manually entering data, Dext eliminates hours of tedious work. The platform handles the capture-to-categorization workflow that traditionally consumes enormous administrative time, letting you focus on running your business.

Key Features

Smart Receipt Capture

Multiple capture methods meet receipts wherever they are. Photograph paper receipts with the mobile app. Forward email receipts to your dedicated Dext email address. Upload PDFs directly. The platform accepts receipts however you receive them.

AI Data Extraction

Optical character recognition extracts vendor names, dates, amounts, tax details, and line items automatically. Machine learning improves accuracy over time, learning your specific vendors and categorization patterns. Human verification handles unclear images.

Automatic Categorization

Dext learns how you categorize expenses and applies those rules to new receipts. Set supplier rules once—all future receipts from that vendor categorize automatically. Reduce manual categorization to exceptions only.

Accounting Integration

Direct sync with QuickBooks, Xero, Sage, and other accounting platforms. Extracted expenses appear in your accounting software ready for reconciliation. No manual re-entry between systems.

Bank Statement Processing

Upload bank statements and Dext extracts transactions for matching against receipts. Identify missing documentation and reconcile expenses against actual spending.

Team Expense Management

Employees submit expenses from mobile apps with automatic approval workflows. Managers review, approve, and route expenses without paper forms. Track spending by employee, department, or project.

Pricing

Dext offers plans based on document volume and features. Solo starts at $15/month for individuals with basic receipt capture. Business plans start at $25/month with team features and increased limits. Accountant/Bookkeeper plans provide multi-client management with per-client pricing.

Volume-based pricing means costs scale with usage. Free trials allow testing with your actual receipt workflow.

Who Uses Dext?

Small business owners manage receipts and expenses without administrative staff. Photograph receipts at purchase time and never worry about lost paper. Tax time becomes simple when all expenses are already captured and categorized.

Accounting firms use Dext to streamline client bookkeeping. Instead of receiving boxes of receipts, accountants access digital documentation already extracted and ready for review. Per-client dashboards manage multiple businesses efficiently.

Freelancers and consultants track business expenses for tax deductions. The mobile app captures expenses on-the-go, ensuring nothing falls through the cracks between receipt and tax return.

Construction and trades businesses document job-related expenses with photos, linking costs to specific projects for accurate job costing and client billing.

Integrations

Dext integrates with major accounting platforms including Xero, QuickBooks Online, QuickBooks Desktop, Sage, FreeAgent, and MYOB. Cloud storage connections sync documents to Google Drive, Dropbox, and OneDrive. Zapier enables connections to additional tools.

Dext vs Competitors

Dext vs Expensify

Expensify focuses on employee expense reports and reimbursements. Dext covers broader bookkeeping automation beyond expenses. Expensify for corporate travel and expense policies; Dext for comprehensive receipt management.

Dext vs Hubdoc

Hubdoc (owned by Xero) offers similar receipt capture with strong Xero integration. Dext provides broader accounting software compatibility. Xero users may prefer Hubdoc; multi-platform users benefit from Dext's flexibility.

Dext vs AutoEntry

AutoEntry offers comparable data extraction capabilities. Dext provides a more polished user experience and stronger mobile apps. Both serve similar markets effectively; preference often comes down to interface and specific integration needs.

Pros and Cons

Pros

• Accurate AI extraction reduces manual entry
• Multiple capture methods suit different workflows
• Strong accounting software integrations
• Mobile apps enable on-the-go capture
• Learning algorithms improve categorization over time
• Accountant/bookkeeper portal for client management

Cons

• Pricing adds up with high document volumes
• Extraction accuracy varies with receipt quality
• Learning curve for optimal supplier rules
• Some advanced features require higher tiers

Frequently Asked Questions

How accurate is receipt extraction?

Dext claims 99%+ accuracy on clear receipts. Crumpled, faded, or partial receipts require manual review. The system flags uncertain extractions for human verification.

Can Dext handle international receipts?

Yes, Dext processes receipts in multiple languages and currencies. Multi-currency support handles exchange rates and international expense reporting.

What happens to paper receipts?

Many jurisdictions accept digital copies as valid records. Check local tax requirements—Dext provides compliant digital storage, but some situations may require original retention.

How does team expense approval work?

Managers receive notifications of pending expenses, review extracted data with attached images, approve or reject with comments, and approved expenses route to accounting automatically.

Final Verdict

Dext solves a universal business problem: turning scattered receipts into organized, categorized financial data. The combination of flexible capture, AI extraction, and accounting integration eliminates hours of tedious bookkeeping work.

For businesses drowning in paper receipts and accountants tired of manual data entry, Dext provides immediate ROI through time savings. The platform has earned its position as a leading choice for automated expense management.

Rating: 4.4/5